Data related to the inventories of Alpine Ski Equipment and Supplies is presented below:

Skis Boots Apparel Supplies
Selling price $180,000 $140,000 $120,000 $60,000
Cost 128,000 133,000 90,000 45,000
Replacement cost 120,000 130,000 110,000 41,000
Sales commission 10% 10% 10% 10%

In applying the lower of cost and net realizable value rule, the inventory of skis would be valued at:

$120,000.

$128,000.

$162,000.

$180,000.

Data related to the inventories of Costco Medical Supply are presented below:

Surgical
Equipment Surgical
Supplies Rehab
Equipment Rehab
Supplies
Selling price $260 $100 $340 $165
Cost 170 90 250 162
Costs to sell 30 15 25 10

In applying the lower of cost and net realizable value rule, the inventory of surgical equipment would be valued at:

$152.

$240.

$170.

$230.

Montana Co. has determined its year-end inventory on a FIFO basis to be $616,000. Information pertaining to that inventory is as follows:

Selling price $610,000
Costs to sell 39,000
Replacement cost 535,000

What should be the reported value of Montana’s inventory?
$610,000.

$535,000.

$571,000.

$600,000.

Alamar petroleum company offers its employees the option of contributing retirement funds up to 5% of their wages or salaries, with the contribution being matched by alamar. the company also pays 80% of medical and life insurance premiums. deductions relating to these plans and other payroll information for the first biweekly payroll period of february are listed as follows: wages and salaries $ 2,800,000 employee contribution to voluntary retirement plan 92,000 medical insurance premiums 50,000 life insurance premiums 9,800 federal income taxes to be withheld 480,000 local income taxes to be withheld 61,000 payroll taxes: federal unemployment tax rate 0.60 % state unemployment tax rate (after futa deduction) 5.40 % social security tax rate 6.20 % medicare tax rate 1.45 % required: prepare the appropriate journal entries to record salaries and wages expense and payroll tax expense for the biweekly pay period. assume that no employee's cumulative wages exceed the relevant wage bases for social security, and that all employees' cumulative wages do exceed the relevant unemployment wage bases.

What preforms the best over the long term? a) bonds b) mutual funds c) stocks d) certificate of deposits

Buying insurance and investing for the future requires spending less in the present. why is this a hard choice for many people