A firm using FIFO had a beginning inventory of $48,000, an ending inventory of $56,000, and a pretax income of $400,000 . If it had used LIFO, its beginning inventory would have been $20,000, and its ending inventory would have been $16,000 . From the information provided, one can conclude that:
a. quantities increased and prices decreased.
b. quantities decreased and prices increased.
c. prices increased but we cannot conclude what happened to quantities.
d. quantities decreased but we cannot conclude what happened to prices.
e. not enough information to reach a conclusion.
B
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When preparing an RBS for a construction project, the environment may be attributed to
A) funding factors that may affect the project. B) budget factors that may affect the project. C) project team factors that may affect the project. D) legal factors that may affect the project.
The Bradshaw Company's most recent dividend was $6.75. The historical dividend payment by the company shows a constant growth rate of 5 percent per year
What is the maximum you would be willing to pay for a share of its common stock if your required rate of return is 8 percent?