The following data regarding purchases and sales of a commodity were taken from the related perpetual inventory account: june 1 balance 25 units at $60 - 6 sale 20 units - 8 purchase 20 units at $61 - 16 sale 10 units - 20 purchase 20 units at $62 - 23 sale 25 units - 30 purchase 15 units at $63 calculate the cost of the ending inventory at june 30, using (a) the first-in, first-out (fifo) method and (b) the last-in, first-out (lifo) method. identify the quantity, unit price, and total cost of each lot in the inventory.

Grant, inc., acquired 30% of south co.’s voting stock for $200,000 on january 2, year 1, and did not elect the fair value option. the price equaled the carrying amount and the fair value of the interest purchased in south’s net assets. grant’s 30% interest in south gave grant the ability to exercise significant influence over south’s operating and financial policies. during year 1, south earned $80,000 and paid dividends of $50,000. south reported earnings of $100,000 for the 6 months ended june 30, year 2, and $200,000 for the year ended december 31, year 2. on july 1, year 2, grant sold half of its stock in south for $150,000 cash. south paid dividends of $60,000 on october 1, year 2. before income taxes, what amount should grant include in its year 1 income statement as a result of the investment?

In macroeconomics, to study the aggregate means to study blank

Aproject currently generates sales of $14 million, variable costs equal 50% of sales, and fixed costs are $2.8 million. the firm’s tax rate is 40%. assume all sales and expenses are cash items. (a). what are the effects on cash flow, if sales increase from $14 million to $15.4 million? (input the amount as positive value. enter your answer in dollars not in (b) what are the effects on cash flow, if variable costs increase to 60% of sales? (input the amount as positive value. enter your answers in dollars not in millions). cash flow (increase or decrease) by $