Home and Hearth, which uses the LIFO method of valuing inventory, has 35 fire screens remaining in inventory. Home and Hearth purchased fire screens over a 12-month period as follows: 36 purchased at $140 on January 4, 18 purchased at $145 on April 2, 18 purchased at $150 on July 30, and 36 purchased at $148 on September 1 . Compute the value of the ending inventory of fire screens at LIFO cost
$4900
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Indicate whether the statement is true or false
American Generation Ecology (AGE) expects to grow at a constant rate of 4 percent forever. Its target debt/asset ratio is 60 percent and it expects to have profitable investments of $300,000 this year. AGE plans to continue paying the same dividend that has been paid the past 20 years, $1.50 per share, long into the future. The firm has 400,000 shares of stock outstanding. If net income is expected to be $800,000, what should be AGE's dividend payout ratio this year?
A. 15.4% B. 25.0% C. 75.0% D. 46.2% E. 60.0%
Under what condition should a pending lawsuit be recognized as a liability on a company's balance sheet?
A. The outcome is probable and can be reasonably estimated. B. The amount can be reasonably estimated. C. The outcome is probable. D. The outcome is reasonably possible.
?From the 1920s to the 1950s, demand for manufactured goods decreased, leading to the ____ orientation.
A. ?production B. ?market C. ?revolutionary D. ?sales E. ?reduction