Answer:
LIFO conformity rule.
Explanation:
LIFO refers to the Last in first out method. In this inventory system, the firm sells last units at first stage and then sells according to that
According to the given situation, the LIFO conformity rule requires that the taxpayer follow the same inventory cost flow as used for tax reporting purposes in the financial statement.
Therefore the correct answer is LIFO conformity rule.
Answer:
16.30%
Explanation:
Calculation for what the percentage of the company's capital structure consists of debt
Using this formula
rs=D1/P0+g
First step is to find the D1 using this formula
D1=(1+Dividend expected grow constant rate) *+Dividend per share
Let plug in the formula
D1=(1+0.07)*$2.00
D1=1.07*$2.00
D1=$2.14
Now let find the percentage of the company's capital structure Using this formula
rs=D1/P0+g
Let plug in the formula
rs=$2.14/$23.00+0.07
rs=0.09304947+0.07
rs=0.1630*100
rs=16.30%
Therefore the percentage of the company's capital structure consists of debt will be 16.30%
Answer:
The number of CDs = 111.36
The number of movie videos = 242.72
N/B: I choose not to round up the answers.
Explanation:
The method used is the Lagrangian method. Basically, the optimization problem we are trying to solve is the utility function 
subject to the constraint
.
So the optimization problem(Lagrangian) is
,
where 
is a constant called the Lagrange multiplier.
To find the optimal consumption, we need to maximize the Lagrangian with respect to the variables 
. This we do by differentiating 
with respect to each variable and then equate to 0.
Equate (1) and (2), to get 
and substitute into (3) to get 
. Substituting into 
to get the corresponding value of 
.
Answer:
The CPA rebuts the allegations
Explanation:
The Securities Act of 1933 requires that investors receive financial and other significant information regarding any and all securities being sold publicly and prohibits deceit, misrepresentations, and other fraud in the sale of securities. Therefore, since there was material misstatement or omission in the financial statements, the only chance the CPA has is if they rebut the allegations. Meaning that they provide actual evidence, such as physical statements or witnesses that contradict or nullify the evidence that is being presented against them regarding the material misstatement or omission
Answer:
Buyer (Paden Company)
Explanation:
The freight costs will be paid by the Buyer. FOB shipping point means that the Buyer takes all the risks and rewards associated with the purchase as soon as the goods leave sellers location.
