Prepare partial income statements through gross profit, under each of the following cost flow assumptions. (round answers to 2 decimal places, e. g. 125.25.) (1) specific identification method assuming:

(i) the march 5 sale consisted of 1,000 liters from the march 1 beginning inventory and 1,330 liters from the march 3 purchase; and
(ii) the march 30 sale consisted of the following number of units sold from beginning inventory and each purchase: 410 liters from march 1; 505 liters from march 3; 2,900 liters from march 10; 1,350 liters from march 20. (2) fifo (3) lifo

Which of the following mechanisms would be most likely to motivate managers to act in the best interests of shareholders? a) decrease the use of restrictive covenants in bond agreements, b) take actions that reduce the possibility of a hostile takeover, c) elect a board of directors that allows managers greater freedom of action, d) increase the proportion of executive compensation that comes from stock options and reduce the proportion that is paid as cash salaries, e) eliminate a requirement that members of the board directors have a substantial investment in the firm's stocks

San ruiz interiors provides design services to residential and commercial clients. the residential services produce a contribution margin of $450,000 and have traceable fixed operating costs of $480,000. management is studying whether to drop the residential operation. if closed, the fixed operating costs will fall by $370,000 and san ruiz’ income will

Why should managers invest any excess cash