Caterpillar, inc., is one of the world’s largest manufacturers of construction, mining, and forestry machinery. the following disclosure note is included in the company’s 2015 financial statements: real world financialsd. inventories ($ in millions)inventories are stated at the lower of cost or market. cost is principally determined using the last-in, first-out (lifo) method. if the fifo (first-in, first-out) method had been in use, inventories would have been $2,498 million and $2,430 million higher than reported at december 31, 2015 and 2014, respectively. required: 1. the company reported lifo cost of goods sold of $33,742 million. calculate the amount that would be reported for cost of goods sold had caterpillar used the fifo inventory method for all of its inventory.2. using the cost of goods sold calculated in requirement 1, how much higher (lower) would income before taxes be, if caterpillar had used the fifo inventory method for all of its inventory?

During january 2018, the following transactions occur: january 1 purchase equipment for $20,600. the company estimates a residual value of $2,600 and a five-year service life. january 4 pay cash on accounts payable, $10,600. january 8 purchase additional inventory on account, $93,900. january 15 receive cash on accounts receivable, $23,100 january 19 pay cash for salaries, $30,900. january 28 pay cash for january utilities, $17,600. january 30 firework sales for january total $231,000. all of these sales are on account. the cost of the units sold is $120,500. the following information is available on january 31, 2018. depreciation on the equipment for the month of january is calculated using the straight-line method. the company estimates future uncollectible accounts. at the end of january, considering the total ending balance of the accounts receivable account as shown on the general ledger tab, $4,100 is now past due (older than 90 days), while the remainder of the balance is current (less than 90 days old). the company estimates that 50% of the past due balance will be uncollectible and only 3% of the current balance will become uncollectible. record the estimated bad debt expense. accrued interest revenue on notes receivable for january. unpaid salaries at the end of january are $33,700. accrued income taxes at the end of january are $10,100

If springfield is operating at full employment who is working a. everyone b. about 96% of the workforce c. the entire work force d. the robots

Your father's employer was just acquired, and he was given a severance payment of $375,000, which he invested at a 7.5% annual rate. he now plans to retire, and he wants to withdraw $35,000 at the end of each year, starting at the end of this year. how many years will it take to exhaust his funds, i. e., run the account down to zero? a. 22.50 b. 23.63 c. 24.81 d. 26.05 e. 27.35