Lionworks Enterprises had the following inventory data: Date   Quantity Unit Cost July 1 Beginning inventory 5 $50 July 4 Purchase 10 $60 July 11 Purchase 5 $70                 Assuming the company is using LIFO and that they sold 10 units during July.What is the Ending Inventory for the month of July?

Dante’s Designs has current assets of $57,000 long-term assets of $139,000 current liabilities of $49,000 long-term liabilities of $93,000. Dante’s total equity is $54,000 Dante’s debt to total asset ratio is: (Round your final answer to the nearest whole number.)

The following balance sheet information is provided for Gaynor Company:AssetsYear 2 Year 1Cash$4,000  $2,000 Accounts receivable 15,000   12,000 Inventory$35,000  $38,000 Assuming Year 2 cost of goods sold is $153,300, what is the company’s inventory turnover?

On December 31, 2027, Howell Company’s inventory records indicated a balance of $878,000. Upon further investigation it was determined that this amount included the following:• $168,000 in inventory purchases made by Howell shipped from the seller 12/27/27 terms FOB destination, but not due to be received until January 2• $111,000 in goods sold by Howell with terms FOB destination on December 27. The goods are not expected to reach their destination until January 6.• $9,000 of goods received on consignment from Westwood CompanyWhat is Howell’s correct ending inventory balance on December 31, 2027?

Research and development costs

When preparing an income statement, which of the following is the proper order for income statement components?

Treating a capital expenditure as an immediate expense:

Under the allowance method, writing off a particular uncollectible account

The following information is provided for Nguyen Company and Northwest Corporation.(in $ millions)                     Nguyen Company                          Northwest CorporationNet income 2027                           $165                                                    $420Net sales 2027                              1,650                                                    4,900Total assets 12/31/25                  1,000                                                    2,400Total assets 12/31/26                  1,050                                                    3,000Total assets 12/31/27                  1,150                                                    4,000What is Northwest’s asset turnover for 2027?

The payout ratio is computed by dividing