Blue Company and Yellow Company reported the following information in their financial statements: Blue Company (FIFO) Yellow Company (LIFO) $millions Sales COGS Inventories Sales COGS Inventories 2021 $60,000 $45,000 $15,000 $85,000 $75,000 $30,000 2020 52,000 36,000 13,000 82,000 60,000 27,000 The LIFO reserve for Yellow Company is $2,760 at the end of 2021 and $2,500 at the end of 2020. What is 2021 inventory turnover for Yellow Company, assuming Yellow Company had used FIFO

Lindon company is the exclusive distributor for an automotive product that sells for $30.00 per unit and has a cm ratio of 30%. the company’s fixed expenses are $162,000 per year. the company plans to sell 20,200 units this year. required: 1. what are the variable expenses per unit? (round your "per unit" answer to 2 decimal places.) 2. what is the break-even point in unit sales and in dollar sales? 3. what amount of unit sales and dollar sales is required to attain a target profit of $72,000 per year? 4. assume that by using a more efficient shipper, the company is able to reduce its variable expenses by $3.00 per unit. what is the company’s new break-even point in unit sales and in dollar sales? what dollar sales is required to attain a target profit of $72,000?

The relationship requirement for qualifying relative requires the potential qualifying relative to have a family relationship with the taxpayer. t or fwhich of the following is not a from agi deduction? a. standard deductionb. itemized deductionc. personal exemptiond. none of these. all of these are from agi deductions

Blue spruce corp. has the following transactions during august of the current year. aug. 1 issues shares of common stock to investors in exchange for $10,170. 4 pays insurance in advance for 3 months, $1,720. 16 receives $710 from clients for services rendered. 27 pays the secretary $740 salary. indicate the basic analysis and the debit-credit analysis.