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A company's net sales were $679,600, its cost of good sold was $233,810 and its net income was $36,750. Its gross margin ratio equals (Round your answer to 2 decimal places)?
A to Z Corporation engaged in the following transaction "Purchased a building for $80,000 cash." On the Statement of CashFlows, the transaction would be classified as __________.
Lyman uses straight-line amortization. Ignoring income taxes, the amount reported in Lyman's 2007 income statement from this investment should be ??
1.long-term investments assets of a corporation area. amortizedb. depletedc. depreciatedd. not treated as fixed
a local retail business owner is preparing her june budget and plans on sales of 11000 units 5 per unit or 55000 with
On July 31, 2010, Fenton Company had a cash balance per books of $6,140. The statement from Jackson State Bank on that date showed a balance of $7,695.80. A comparison of the bank statement with the cash account revealed the following facts.
easy decorating uses a job order costing system to collect the costs of its interior decorating business. each clients
What are the differences between job cost and process cost systems? When would it be appropriate to use each type of system? What is the effect of each system on the product cost?
pedro bourbone is the founder and owner of a highly successful small business and over the past several years has
Suppose the company changed its depreciation calculation procedures (still within GAAP) such that its depreciation expense doubled. How would this change affect Brandywine's net income, total profit margin, and cash flow?
for franklin inc. sales is 2000000 fixed expenses are 600000 and the contribution margin ratio is 36. what are the
Ross would incur special shipping costs of $2 per scale if the order were accepted. Ross has sufficient unused capacity to produce the 2,000 scales. If the special order is accepted, what will be the effect on net income?
the manufacturing overhead budget of inch corporation is based on budgeted direct labor hours. the september direct
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