A company produces cars and bikes. Each car requires 200 hours of metal working, 24 hours of painting, and 60 hours of assembly. Each bike requires 40 hours of metal working, 12 hours of painting, and 52 hours of assembly. In every month, there are 6500 hours available for metal working, 920 hours available for painting, and 3300 hours available for assembly. Selling a car brings in RM3200 of profit, whereas selling a bike brings in RM1100 of profit. Determine the monthly production rate (thus non-integral answers allowed) for the car and bike to generate maximum monthly profit. Also compute such maximum profit per month. Total: 25 marks)4. What are your likely actions now to ensure that you meet the project success criteria?

Inter Metals, Inc. reported ending inventories of 1,687 million at year-end 2004 and 1,911 million at year-end 2005. It used periodic LIFO for most of its inventories. If it had used periodic FIFO, it would have reported inventories of 1,948 for 2004 and 2,405 for 2005. Assuming an income tax rate of 35%, what effect did the use of periodic LIFO instead of periodic FIFO have on the company’s reported net income and income taxes?

(a). What would net income have been if Domestic had used periodic LIFO instead of periodic FIFO?

(b). What would the company’s cash flow from operating activities have been if it had used periodic LIFO instead of periodic FIFO?

(c). Does the inventory method that results in increased net income also produce increased operating cash flow? Explain why or why not.