Оценка:
Опубликованно: 01.12.1996.
Язык: Английский
Уровень: Средняя школа
Литературный список: Нет
Ссылки: Не использованы
  • Эссе 'Inventory Methods', 1.
  • Эссе 'Inventory Methods', 2.
Фрагмент работы

Scenario
A retail company begins operations late in 2000 by purchasing $600,000 of merchandise. There are no sales in 2000. During 2001 additional merchandise of $3,000,000 is purchased. Operating expenses (excluding management bonuses) are $400,000, and sales are $6,000,000. The management compensation agreement provides for incentive bonuses totaling 1% of after-tax income (before bonuses). Taxes are 25%, and accounting a taxable income will be the same.
The company is undecided about the selection of the LIFO or FIFO inventory methods. For the year ended 2001, ending inventory would be…

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