Maduk Oil started operating on Jan. 1st 2018 and uses the dollar value LIFO method. The price index for oil was 1.0 in Dec. 31st 2018, and 1.1 in Dec. 31st 2019. The production manager provided the following inventory valuation for oil valued at year-end prices: Dec. 31st 2018: $100,000 (valued at Dec. 31st 2018 prices) Dec. 31st 2019: $150,000 (valued at Dec. 31st 2019 prices) At what value should Maduk report the value of its year-end inventory on Dec. 31st 2019 in its balance sheet? (round to nearest dollar)

Archangel manufacturing calculated a predetermined overhead allocation rate at the beginning of the year based on a percentage of direct labor costs. the production details for the year are given below. calculate the manufacturing overhead allocation rate for the year based on the above data. (round your final answer to two decimal places.) a) 42.42% b) 257.14% c) 235.71% d) 1, 206.90% archangel production details.

Royal motor corp. generates a major portion of its revenues by manufacturing luxury sports cars. however, the company also derives an insignificant percent of its annual revenues by selling its sports merchandise that includes apparel, shoes, and other accessories under the same brand name. which of the following terms best describes royal motor corp.? a. aconglomerate b. a subsidiary c. adominant-businessfirm d. a single-business firm

Banana computers has decided to procure processing chips required for its laptops from external suppliers instead of manufacturing them in their own facilities. how will this decision affect the firm? a. the firm will be protected against the principal-agent problem. b. the firm's administrative costs will be low because of necessary bureaucracy. c. the firm will have more flexibility in purchasing and comparing prices of goods and services. d. the firm will have high-powered incentives, such as hourly wages and salaries.