SJV Inc. reported on its balance sheet at December 31, 2018…

SJV Inc. reported on its balance sheet at December 31, 2018 ending inventory of $670,000.  SJV uses LIFO. In its notes to financial statements, the company reported the following:                                                                                     2018                2019 Inventory reported on the balance sheet            670,000           800,000 Value of inventory on FIFO basis                           702,000           840,000   Had SJV Inc. used FIFO,  would be its income before taxes for 2019 be higher or lower? Specify the $ amount by which it would be higher or lower. (Hint: begin by calculating the LIFO reserve first)

A patient presents to the clinic and is noted to have cognit…

A patient presents to the clinic and is noted to have cognitive changes. Family reports “he has really good days and really bad days.” This has been going on for several months now. Recently, he has been experiencing some hallucinations and saying that he sees small bunnies playing in the living room. Family also notes a new slight hand tremor, but it doesn’t appear to be impacting function at this time. The patient is not on any medications. What is a good therapy to recommend for this patient? 

The CLZ Company has provided the following information:  The…

The CLZ Company has provided the following information:  The accounts receivable balance at the beginning of the year was $150,000. The accounts receivable balance at the end of the year was $210,000. Accounts receivable written-off as uncollectible during the year amounted to $11,500. The allowance for doubtful accounts balance at the beginning of the year was $14,000. The allowance for doubtful accounts balance at the end of the year after the recording of bad debt expense was $12,900. Credit sales during the year totaled $900,000.   How much was CLZ Company’s bad debt expense?     (Note: please do not include commas or dollar signs in your response)     

Indicate how the following are affected by the distribtution…

Indicate how the following are affected by the distribtution of a large  common stock dividend  (for each choose among the 3 (I, D, or N): I=increase, D=decrease, and N=no effect).       Total Stockholders’ equity Retained Earnings The par value of each share Total Assets

A national food distributor has offered to purchase P Corp….

A national food distributor has offered to purchase P Corp. P Corp has $0.9 million of net assets at book value, but those net assets have a fair value of $1.2 million. If the distributor offers to buy P Corp. for $3.5 million, how much will be recorded as goodwill based on the offered acquisition price? (Note: please do not include commas or dollar signs in your response) 

SJV Inc. reported on its balance sheet at December 31, 2018…

SJV Inc. reported on its balance sheet at December 31, 2018 ending inventory of $670,000.  SJV uses LIFO. In its notes to financial statements, the company reported the following:                                                                                     2018                2019 Inventory reported on the balance sheet            670,000           800,000 Value of inventory on FIFO basis                           702,000           840,000   During the year 2019, what is your inference on the direction of input prices for SJV Inc. (choose among the 3 (I, D, or N): I=increased, D=decreased, and N=unchanged). Direction of input prices

Select two cultural groups that we have discussed in class….

Select two cultural groups that we have discussed in class.  Describe the geographic area that these groups inhabited (you may use modern countries as references) and the relative time frame that these groups ruled/existed (you need not include exact years: centuries or named time periods are fine).  What are two single foods (not recipes/dishes) that each cultural group associated with and where do these foods come from?  (Your answer therefore should include four foods total.)