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1. If sales are $500,000, variable costs are $300,000 and fixed costs are $240,000, what is the contribution margin ratio?
A. 40%
B. 48%
C. 52%
D. 60%
2. Which of the following items does not appear in the statement of cash flows under the direct method?
A. Cash payments to suppliers
B. Cash collections from customers
C. Depreciation expense
D. Cash from the sale of equiptment
3. A company would be expected to generate small amounts of cash from operations during the
A. introductory phase
B.growth phase
C. maturity phase
D.decline phase
Review the following facts for four separate companies. Identify the two companies that lost money during the year, explaining how you reached your conclusion for each.
During October, Beidleman Inc. transferred $60,600 from Work in Process to Finished Goods and recorded a Cost of Goods Sold of $66,520. The journal entries to record these transactions would include a:
question 1product development costs are a material cost for various companies. they are either written off as a
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