Under the last-in, first-out (LIFO) inventory valuation method, a price index for inventory must be established for tax purposes. The quantity weights are based on year-ending inventory levels. Unit Price ($) Ending Inventory Product Beginning Ending A 500 0.17 0.21 B 50 1.60 1.80 100 4.50 4.20 60 11.00 13.60 Use the beginning-of-the-year price per unit as the base-period price and develop a weighted aggregate index for the total inventory value at the end of the year. (Round your answer to the nearest integer.) I = What type of weighted aggregate price index must be developed for the LIFO inventory valuation? O Laspeyres Index O Paasche index

a. What is our monthly income? b. Lending agencies usually require that no more than 28% of the borrower's monthly income be spent on housing. How much does that represent in our case?

The most recent financial statements for Crosby, Incorporated, appear below. Interest expense will remain constant; the tax rate and the dividend payout rate also will remain constant. Costs, other expenses, current assets, fixed assets, and accounts payable increase spontaneously with sales. Assume the firm is operating at full capacity and the debt-equity ratio is held constant.   CROSBY, INCORPORATED 2021 Income Statement Sales   $ 764,000 Costs   620,000 Other expenses   29,500       Earnings before interest and taxes   $ 114,500 Interest expense   14,400       Taxable income   $ 100,100 Taxes (21%)   21,021       Net income   $ 79,079       Dividends $ 36,540   Addition to retained earnings 42,539     CROSBY, INCORPORATED Balance Sheet as of December 31, 2021 Assets   Liabilities and Owners’ Equity   Current assets   Current liabilities   Cash $ 25,340 Accounts payable $ 61,800 Accounts receivable 34,770 Notes payable 17,900…

The following data are taken from recent financial statements of Nike, Inc. (NKE) (in millions):     Year 2   Year 1   Revenues (sales)   $32,376   $30,601   Operating income   4,502   4,175   a. Determine the amount of change (in millions) and percent of change in operating income from Year 1 to Year 2. Round to one decimal place. Operating income   $fill in the blank 1   fill in the blank 2% b. Determine the percentage relationship between operating income and sales for Year 2 and Year 1. Round to one decimal place. Year 1 fill in the blank  Year 2 fill in the blank