Hms co. adopted the dollar-value lifo retail method at the beginning of 2016 (its base year). its beginning inventory for 2016 was $36,000 at cost and $72,000 at retail prices. at the end of 2016, it computed its estimated ending inventory at retail to be $110,000. assuming its cost-to-retail percentage for 2016 transactions was 60%, and that the retail price index at the end of 2016 was 1.10, what is the inventory balance that hms would report in its 12/31/16 balance sheet

Net income and owner's equity for four businesses four different proprietorships, jupiter, mars, saturn, and venus, show the same balance sheet data at the beginning and end of a year. these data, exclusive of the amount of owner's equity, are summarized as follows: total assets total liabilities beginning of the year $550,000 $215,000 end of the year 844,000 320,000 on the basis of the preceding data and the following additional information for the year, determine the net income (or loss) of each company for the year. (hint: first determine the amount of increase or decrease in owner's equity during the year.) jupiter: the owner had made no additional investments in the business and had made no withdrawals from the business. mars: the owner had made no additional investments in the business but had withdrawn $36,000. saturn: the owner had made an additional investment of $60,000 but had made no withdrawals. venus: the owner had made an additional investment of $60,000 and had withdrawn $36,000. jupiter net income $ mars net income $ saturn net income $ venus net income $

True tomato inc. makes organic ketchup. to promote its products, this firm decided to make bottles in the shape of tomatoes. to accomplish this, true tomato worked with its bottle manufacture to create a set of unique molds for its bottles. which of the following specialized assets does this example demonstrate? (a) site specificity (b) research specificity (c) physical-asset specificity (d) human-asset specificity

During which of the following phases of the business cycle does the real gdp fall? a. trough b. expansion c. contraction d. peak