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There were 69,000 units of finished goods in inventory at the beginning of January. Plans are to have an inventory of finished products that equals 100% of the following month sales plus 25% of the second month sales. Two kilograms of raw materials are required for each unit produced. From January, each kilogram of material costs $20 (up from $18 in December last year). Inventory levels for materials are equal to 40% of the needs for the next month. Lulu Company uses a FIFO inventory method for both raw material and finished goods.

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a)      Conduct a Top Down analysis of the overall economic environment and consider how forecast changes in economic fundamentals will impact on the performances of companies in the industry your group has chosen. Consider questions including, but not limited to: What is th ...

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Case study 1: Residence and source Kit is a permanent resident of Australia. He was born in Chile and retains his Chilean citizenship. Kit spends most of the year working off the coast of Indonesia on an oil rig for a United States company. He was recruited for this job in Australia and signed a con ...

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Assignment Identify and apply theories and models in accounting to a current topical issue related to CALTEX. You are required to demonstrate your understanding of your chosen accounting theories to matter current to the approved corporation by reference to published material from the corporation a ...

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Read relevant ‘notes to financial statements’ in the annual report, financial statement section. Asking yourself questions like; given a choice, would you prefer to use FVA vs. HCA if you are making this decision for Wesfarmers Company. Consider the benefits and issues regarding use of F ...

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