Assume the following inventory footnote was obtained from the deere & company's 2016 10-k follows ($ millions). inventories most inventories owned by deere & company and its united states equipment subsidiaries are valued at cost, on the "last-in, first-out" (lifo) basis. remaining inventories are generally valued at the lower of cost, on the "first-in, first-out" (fifo) basis, or market. the value of gross inventories on the lifo basis represented 61 percent of worldwide gross inventories at fifo value on october 31, 2016 and 2015, respectively. if all inventories had been valued on a fifo basis, estimated inventories by major classification at october 31 in millions of dollars would have been as follows: 2016 2015 raw materials and supplies $716 $589 work-in-process 425 408 finished machine and parts 2,126 2,004 total fifo value 3,267 3,001 less adjustment to lifo value 1,132 1,002 inventories $2,135 $1,999 we notice that not all of deere's inventories are reported using the same inventory costing method (companies can use different inventory costing methods for different inventory pools). what effect has the use of lifo inventory costing had on deere's tax liability for 2016 only (assume a 35% income tax rate)? select one:

Suppose someone wants to sell a piece of land for cash. the selling of a piece of land represents turning econ

Consider the local telephone company, a natural monopoly. the following graph shows the monthly demand curve for phone services and the company’s marginal revenue (mr), marginal cost (mc), and average total cost (atc) curves. 0 2 4 6 8 10 12 14 16 18 20 100 90 80 70 60 50 40 30 20 10 0 price (dollars per subscription) quantity (thousands of subscriptions) d mr mc atc 8, 60 suppose that the government has decided not to regulate this industry, and the firm is free to maximize profits, without constraints. complete the first row of the following table. pricing mechanism short run long-run decision quantity price profit (subscriptions) (dollars per subscription) profit maximization marginal-cost pricing average-cost pricing suppose that the government forces the monopolist to set the price equal to marginal cost. complete the second row of the previous table. suppose that the government forces the monopolist to set the price equal to average total cost. complete the third row of the previous table. under average-cost pricing, the government will raise the price of output whenever a firm’s costs increase, and lower the price whenever a firm’s costs decrease. over time, under the average-cost pricing policy, what will the local telephone company most likely do

Garfield corporation is considering building a new plant in canada. it predicts sales at the new plant to be 50,000 units at $5.00/unit. below is a listing of estimated expenses. category total annual expenses % of annual expense that are fixed materials $50,000 10% labor $90,000 20% overhead $40,000 30% marketing/admin $20,000 50% a canadian firm was contracted to sell the product and will receive a commission of 10% of the sales price. no u.s. home office expenses will be allocated to the new facility. the contribution margin ratio for garfield corporation is