There are many ways of measuring a recession. Look at this article: “What is a recession anyway” 2019/03/25. Based on the rule of thumb approach mentioned in the article, find and download into excel the chained 2012 quarterly estimates (Look under the “prices” thumbnail on the StatCan website to find this “chained” data series and look for Table: 36-10-0104-01) for the period going from first quarter 1961 to the fourth quarters 2018 (seasonally adjusted series) to determine for which periods Canada has had a recession over this 47 year period (chained GDP is the new way of defining what we known as being real GDP). Calculate the quarter-to-quarter changes in GDP in the Excess file on the sheet named GDP quarterly. Draw a line chart showing the quarter-to-wuarter percent rates of change and include it in the Excel file on the sheet named GDP quarterly. Include the chart on that Excel sheet and copy and paste it as an image in your main document. Also highlight in the Table in Excel on the sheet named GDP quarterly the periods for which Canada has been in a recession according to the above definition. Also write down the recessionary periods (quarter and years) in your document.

Shadee Corp. expects to sell 590 sun visors in May and 300 in June. Each visor sells for $16. Shadee’s beginning and ending finished goods inventories for May are 65 and 55 units, respectively. Ending finished goods inventory for June will be 60 units.

It expects the following unit sales for the third quarter:      

Sixty percent of Shadee’s sales are cash. Of the credit sales, 52 percent is collected in the month of the sale, 36 percent is collected during the following month, and 12 percent is never collected.

Calculate Shadee’s total cash receipts for August and September.

Shadee Corp. expects to sell 510 sun visors in May and 300 in June. Each visor sells for $14. Shadee’s beginning and ending finished goods inventories for May are 65 and 55 units, respectively.

Ending finished goods inventory for June will be 50 units. It expects the following unit sales for the third quarter:

July 545

August 500

September 450

Sixty percent of Shadee’s sales are cash.

Of the credit sales, 52 percent is collected in the month of the sale, 36 percent is collected during the following month, and 12 percent is never collected. Required:

Calculate Shadee’s total cash receipts for August and September.

Shadee Corp. expects to sell 620 sun visors in May and 440 in June. Each visor sells for $13. Shadee’s beginning and ending finished goods inventories for May are 85 and 60 units, respectively. Ending finished goods inventory for June will be 55 units. It expects the following unit sales for the third quarter: July 560 August 460 September 450 Sixty percent of Shadee’s sales are cash. Of the credit sales, 54 percent is collected in the month of the sale, 38 percent is collected during the following month, and 8 percent is never collected. Required: Calculate Shadee’s total cash receipts for August and September.

Inventory Costing Methods-Periodic Method Spangler Company is a retailer that uses the periodic inventory system.

March

1 Beginning inventory 110 units of Product M @ $1,590 total cost

6 Purchased 210 units of Product M @ $3,600 total cost

10 Purchased 160 units of Product M @ $3,000 total cost

15 Sold 190 units of Product M

Calculate the March cost of goods sold and the ending inventory at March 31 using (a) first-in, first-out, (b) last-in, first-out, and (c) the weighted-average cost methods. Do not round until your final answers. Round your final answers to the nearest dollar.

A. First-in, first-out Ending Inventory

Cost of Goods Sold

B. Last-in, first-out Ending Inventory

Cost of Goods Sold

C. Weighted-average cost Ending Inventory

Cost of Goods Sold

Inventory Costing Methods-Periodic Method
The Lippert Company uses the periodic inventory system. The following July data are for an item in Lippert's inventory:

Calculate the cost of goods sold for July and ending inventory at July 31 using (a) first-in, first-out, (b) last-in, first-out, and (c) the weighted-average cost methods. Round your final answers to the nearest dollar.

Inventory Costing Methods-Periodic Method The Lippert Company uses the periodic inventory system. The following July data are for an item in Lippert's inventory: July 1 Beginning inventory 40 units @ $9 per unit 10 Purchased 60 units @ $10 per unit 15 Sold 70 units @ 26 Purchased 35 units @ $11 per unit Calculate the cost of goods sold for July and ending inventory at July 31 using (a) first-in, first-out, (b) last-in, first-out, and (c) the weighted-average cost methods. Round your final answers to the nearest dollar. A. First-in, First-out: Ending Inventory Answer Cost of Goods Sold: Answer 960 B. Last-in, first-out: Ending Inventory Answer 360 Cost of Goods Sold: Answer 985 C. Weighted-average cost: Ending Inventory Answer 0 Cost of Goods Sold Answer 0

please help

Inventory Costing Methods-Periodic Method The following information is for the Bloom Company for 2012; the company sells just one product:

At December 31, 2012, there was an ending inventory of 360 units. Assume the use of the periodic inventory method. Calculate the value of ending inventory and the cost of goods sold for the year using (a) first-in, first-out, (b) last-in, first-out, and (c) the weighted-average cost method.

Do not round until your final answers. Round your answers to the nearest dollar.

(Please answer the LIFO and the weighted average cost)

Inventory Costing Methods-Periodic Method
The Lippert Company uses the periodic inventory system. The following July data are for an item in Lippert's inventory:

Calculate the cost of goods sold for July and ending inventory at July 31 using (a) first-in, first-out, (b) last-in, first-out, and (c) the weighted-average cost methods. Round your final answers to the nearest dollar.