Ferris company began 2018 with 6,000 units of its principal product. the cost of each unit is $7. merchandise transactions for the month of january 2018 are as follows: purchasesdate of purchase units unit cost* total costjan. 10 5,000 $ 8 $ 40,000jan. 18 6,000 9 54,000totals 11,000 94,000*includes purchase price and cost of freight. salesdate of sale unitsjan. 5 3,000jan. 12 2,000jan. 20 4,000total 9,0008,000 units were on hand at the end of the month. required:
calculate january's ending inventory and cost of goods sold for the month using each of the following alternatives: 1. fifo, periodic system.2. lifo, periodic system.3. lifo, perpetual system.4. average cost, periodic system.5. average cost, perpetual system.

Benton company (bc), a calendar year entity, has one owner, who is in the 37% federal income tax bracket (any net capital gains or dividends would be taxed at a 20% rate). bc's gross income is $395,000, and its ordinary trade or business deductions are $245,000. ignore the standard deduction (or itemized deductions) and the deduction for qualified business income. if required, round computations to the nearest dollar. a. bc is operated as a proprietorship, and the owner withdraws $100,000 for personal use. bc's taxable income for the current year is $ , and the tax liability associated with the income from the sole proprietorship is $ . b. bc is operated as a c corporation, pays out $100,000 as salary, and pays no dividends to its shareholder. bc's taxable income for the current year is $ , and bc's tax liability is $ . the shareholder's tax liability is $ . c. bc is operated as a c corporation and pays out no salary or dividends to its shareholder. bc's taxable income for the current year is $ , and bc's tax liability is $ . d. bc is operated as a c corporation, pays out $100,000 as salary, and pays out the remainder of its earnings as dividends. bc's taxable income for the current year is $ , and bc's tax liability is $ .

Why is efficiency an important economic goal?

What additional information about the numbers used to compute this ratio might be useful in you assess liquidity? (select all that apply) (a) the maturity schedule of current liabilities (b) the average stock price for the industry (c) the average current ratio for the industry (d) the amount of current assets that is concentrated in relatively illiquid inventories