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Assuming that a company has $365 million in annual sales, and a gross margin of 20%, how much investment will each additional day of sales in accounts receivable require?Assuming that a company has $365 million in annual sales, and a gross margin of 20%, how much investment will each additional day of sales in inventory require?
1. contrast the primary focus of job order costaccountingand of process cost accounting.2. what are the similarities
how would you paraphrase the definition of equilibrium price?equilibrium price occurs when supply and demand quantities
A tract of land was distributed by MNO Inc. to its sole shareholder, Martha, as a dividend. At the time of the distribution, MNO Inc.'s adjusted basis in the land was $40,000, the fair market value of the land was $80,000, and the land was encumbe..
EM Sales had $2,200,000 in sales last month. The contribution margin ratio was 30% and operating profits were $180,000. What is EM's break-even sales volume? $660,000 $1,540,000 $1,600,000 $2,020,000.
rovniak reeds a manufacturer of saxophone oboe and clarinet reeds has projected sales to be 890000 in october 950000 in
Explain the order of priority for asset distributions in a business liquidation and what does double-entry bookkeeping mean?
dobbs corporation is considering purchasing a new delivery truck. the truck has many advantages over the companys
Phildell Phoenix is paid on a monthly basis. For the month of January of the current year, he earned a total of $8,288. FICA tax for social security is 6.2% and the FICA tax for Medicare is 1.45%.
Prepare a stockholders equity section at December 31, 2011, including the disclosure of the preferred dividends in arrears - Journalize the transactions and the closing entry for net income.
shamrock company had net income of 30000. on january 1 the number of shares of common stock outstanding was 8000. what
Sarah owns 100 shares of Drake,Inc. (adjusted basis of $50,000). On October 11, 2010, she sells the 100 shares for their fair market value of $45,000. On November 5, 2110, she purchases 125 shares of Drake stock for $57,000. a) What is Sarah's rea..
the plant asset and accumulated depreciation accounts of pell corporation had the following balances at december 31
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