Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Dollar General Corporation operates approximately 9,400 general merchandise stores that feature quality merchandise at low prices to meet the needs of middle-, low-, and fixed- income families in southern, eastern, and midwestern states. For the year ended January 28, 2011, the company reported average inventories of $1,641 (in millions) and an inventory turnover of 5.37. Average total fixed assets were $1,429 (million), and the fixed asset turnover ratio was 9.11.
Required:
1.Calculate Dollar General's gross profit percentage (expressed as a percentage with one decimal place). What does this imply about the amount of gross profit made from each dollar of sales? TIP: Work backward from the fixed asset turnover and inventory turnover ratios to compute the amounts needed for the gross profit percentage. (Do not round intermediate calculations. Round your final answer to 1 decimal place.)
2.Did the gross profit percentage increase or decrease from the 33.0 percent earned during the previous year?
the units of an item available or sale during the year were as follows jan 1 inventory 27 units at 600 feb 4 purchase
Assume no taxes, and a stable exchange rate of $.60 per NZ$ over the next two years. All cash flows are remitted to the parent. What is the break-even salvage value?
Presented below is information related to Greene Company. Compute the inventory by the conventional retail inventory method.
as of december 30 2009 robin corporation a calendar year taxpayer has gross income from operations of 497000 expenses
If fixed costs are $300,000, the unit selling price is $31, and the unit variable costs are $22, what is the break-even sales (units) if fixed costs are reduced by $30,000?
bayliner company acquired a plant asset at the beginning of year 1. the asset has an estimated service life of 5 years.
internal control elements vary in their design and application under the manual systems versus the electronic systems.
Sunrise Coffee estimated depreciation for office equipment as $100. The adjusting entry would include:
My cost of goods sold for the month is ? And i found this using what type of inventory system?
Determine the amount of interest to be capitalized in 2007 in relation to the construction of the building. Prepare the journal entry to record the capitalization of interest and the recognition of interest expense, if an, at Dec. 31, 2007.
Armando contributed some inventory from his sole proprietorship to a public charity for its use. On the date of the contribution, Armando's basis in the inventory $2,000 and the fair market value was $5,000.
a popular product of loring glassworks is a hand-decorated vase. the companys standard cost system calls for .75 hours
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd