The following information pertains to anthara inc. which uses lifo to compute the value of inventories. [ei stands for ending inventory] inventory values computed under the two methods are given below. end of year ei - lifo ei - fifo income before taxes - lifo 2004 2,257.0 3,040.7 1,000.7 2005 2,202.9 3,166.6 1,174.0 2006 2,354.4 3,515.2 1,627.5 a. compute the income before taxes under fifo for 2005 and 2006. b. from 2005 to 2006, did input prices rise, fall or remain unchanged? explain. c. from inception till the end of 2006 (i. e., over the life of the company), how much has the company saved or lost in taxes by using lifo? assume a tax rate of 40%. d. assume that the company’s sales exceeds its purchases in 2007. what is the likely effect of this on the gross margin [(sales-cogs)/sales]ratio for 2007? state "increase, decrease or no change."

Self-interest achieve society’s economic goals because producers know which goods consumers want the most. as consumers and producers exercise their freedom to act in their own self-interest, markets will produce the desired goods at the lowest possible cost. consumers and producers both operate based on society’s economic goals. consumers know which goods can be produced at the lowest cost. there is a wide variety of desired goods and services in a market system because producers determine what to produce. consumers change their minds frequently. there is always a need to produce something new and improved. individual wants are diverse. what is produced is ultimately determined by consumers, because if the goods offered are not what consumers want, consumers will not buy them. producers, because they are driven by profits. producers, because they determine what to produce. consumers, because they participate in marketing surveys.

Given the following information about the closed economy of brittania, what is the level of investment spending and private savings, and what is the budget balance? assume there are no government transfers. gdp=$1180.00 million =$510.00 million =$380.00 million =$280.00 million

Levine inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. direct materials (9 pounds at $1.80 per pound) $16.20 direct labor (6 hours at $14.00 per hour) $84.00 during the month of april, the company manufactures 270 units and incurs the following actual costs. direct materials purchased and used (2,500 pounds) $5,000 direct labor (1,660 hours) $22,908 compute the total, price, and quantity variances for materials and labor.