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1. Distinguish between gross profit as a percentage of cost and gross profit as a percentage of sales prices. Convert the following gross profit percentages based on cost to gross profit percentages based on sales price: 25% and 331⁄3%. Convert the following gross profit percentages based on sales price to gross profit percentages based on cost: 331⁄3% and 60%.
Green View Corporation (GVC) enters into a contract to sell four products (A, B, C and D) for a total transaction price of $500,000. Each product is properly classified as a separate performance obligation.
Several laws, post recently Sarbanes-Oxley, have provided provisions requiring high ranking officials to certify that they have acted ethically in corporate governance and financial reporting. How effective are such laws in protecting the public? ..
on january 1 2011 1000000 5-year 10 bonds were issued for 970000. interest is paid semiannually on january 1 and july
present and future value of an uneven cash flow stream an investment will pay 100 at the end of each of the next 3
helix corporation produces prefabricated flooring in a series of steps carried out in production departments. all of
1.cost accounting systems used by manufacturing companies are based on thea periodic inventory system.b perpetual
our book distribution division sells to national bookstores. our division allows for up to 25 of sales in returns. for
anticipated sales for safety grip company were 42000 passenger car tires and 19000 truck tires. rubber and steel belts
Blue, Inc., a biotechnology company, developed and patented a diagnostic product
edward company's required rate of return is 15%. the company can purchase a new machine at cost 40,350/. the new machine would generate cash inflows of 15,000 per year and have a four-year life with no salvage value. compute the machine's net pres..
Why must preferred stock dividends be subtracted from net income in computing earnings per share? Why is common stock usually not issued at a price that is less than par value?
Based upon the following information, compute total assets, total liabilities, and total capital; in addition, determine whether all of the accounts are listed.
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