Suppose that Dom began a landscaping business in 2020. In that year, he adopted the last-in first-out (LIFO) inventory-flow method for his business inventory of shrubbery by using it for the year on his tax return.

In 2019, he purchased the following four batches of shrubs (total cost per batch below).

   Shrubs         Purchase Date        Direct Cost         Other Inventoriable Costs      Total Cost
      200               July 21                 $ 2,000              $ 200                                $ 2,200

      150              August 15              $ 2,000              $ 100                                $ 2,100
      100             October 30              $ 2,200              $ 400                                $ 2,600
      140            November 10            $ 2,700              $ 100                                $ 2,800

In 2020, Dom sold 200 shrubs. In 2021, Dom purchased three more batches of shrubs at the following total cost per batch below. Just before year end in 2021, he also sold 50 shrubs:

                       Shrubs             Purchase Date               Total Cost
                        100                 Early spring                   $ 2,400
                        125                    Summer                      $ 2,500
                        100                        Fall                         $ 2,600

a.     (10 points) What cost of goods sold and ending inventory would Dom record if he elects to use the LIFO method in 2020?

b.    (10 points) What will be his cost of goods sold and ending inventory in 2021 under the LIFO method?

c.     (10 points) How would you answer (a) change if Dom had initially selected the first-in, first-out (FIFO) method instead of LIFO?

d.    (10 points) How would you answer (b) change if Dom had initially selected the first-in, first-out (FIFO) method instead of LIFO?

An insurance company must make payments to a customer of $12 million in one year and $7 million in four years. The yield curve is flat at 5%.

a. If it wants to fully fund and immunize its obligation to this customer with a single issue of a zero-coupon bond, what maturity bond must it purchase? (Do not round intermediate calculations. Round your answer to 4 decimal places.)

b. What must be the face value and market value of that zero-coupon bond? (Do not round intermediate calculations. Enter your answers in millions rounded to 2 decimal places.)

The Norfolk Company reported the following information at the end of the current year:

Refer to the Norfolk Company, calculate:

1. Manufacturing Overhead cost.
2. Total manufacturing costs.
3. Prime costs.
4. Conversion costs.
5. Period costs.

The Norfolk Company reported the following information at the end of the current year:

Refer to the Norfolk Company, calculate:

1. Manufacturing Overhead cost.
2. Total manufacturing costs.
3. Prime costs.
4. Conversion costs.
5. Period costs.

The following independent situations occurred at the end of Year 2 and require an inventory report in the year-end financial statements. The dollar amounts provided in the table below are on a per-unit basis. In Situation 5., assume that the company is applying IFRS.

Select from the option list provided the appropriate measurement attributes for reporting inventory in the year-end financial statements. Each choice may be used once, more than once, or not at all.

On December 28 each year, you are planning to make a charitable donation of $2320 and are in the 30 percent tax bracket. You are planning to deposit the tax savings in a savings account for the next 17 years at 4 percent, what will be the future value of that savings account?

Use the appropriate Time Value of Money table [Exhibit 1-A,  Exhibit 1-B,  Exhibit 1-C, OR Exhibit 1-D]

(Round your answer to the nearest whole number. Do not include the comma, period, and "$" sign in your response.)

Your Answer:

Safelight is planning its operations for the coming year, and the CFO wants you to forecast the firm's additional funds needed (AFN). Data for use in the forecast are shown below. Based on the AFN equation, by how much would the AFN for the coming year change (indicate an increase or a decrease in AFN) if Safelight increased the dividend payout ratio from 20% to 25% and net profit margin decreased from 20% to 15%? All dollars are in millions.

the average amount of rain per year in Greenville is 49 inches. the standard deviation is 8 inches. Find the probability and graph that next year Greenville will receive less than 46 inches and more than 54 inches of rain. Assume the variable is normally distributed.

In May of the current year (2020), Mark began investigating the possibility of opening a law firm. From May through July he spent $1,200 on a market survey, $3,600 in consulting fees to find the best location, and $2,000 in professional fees setting up an accounting and inventory system. Although he had never run his own business before, on August 1 he opened his doors for business. What is the maximum amount of deduction for the current year attributable to these expenditures? Show work.

A) $0

B) $5,050   

C) $5,080  

D) $6,800

A 55 year old male present to the clinic for evaluation of progessive symptoms of increased fatigue, thirst, urination, and appetite of several weeks to months duration.

what are your primary concerns for this patient and what assessment and interventions would be associated with you concerns and why ?