Efficiency and effectiveness of the two companies

Assignment Help Accounting Basics
Reference no: EM13256853

J-mart and Buy-Lo are two companies that sell identical products. They are located in different parts of the same city. During September, J-mart sold $25,000 of goods, while Buy-Lo sold $19,000.J-mart's profit was $9,000, and Buy -Lo profit was $3,000. Compare the efficiency and effectiveness of the two companies.

Reference no: EM13256853

Questions Cloud

Explain the concentration of cacl2 in the solution : A solution is prepared by dissolving 23.7 g of CaCl2 in 375 g of water. The density of the resulting solution is 1.05 g/mL. The concentration of CaCl2 in this solution is molar
Find the required return for an asset with a beta : Find the required return for an asset with a beta of 0.90 when the risk-free rate and market return are 8% and 12%, respectively.
Calculate the cost of purchasing the equipment : Thomas Corporation is evaluating whether to lease or purchase equipment. Its tax rate is 30%. Calculate the cost of purchasing the equipment.
Calculate the rate of heat addition : You may solve this problem using either tabulated values from the tables or constant specific heats. Calculate the rate of heat addition
Efficiency and effectiveness of the two companies : J-mart and Buy-Lo are two companies that sell identical products. They are located in different parts of the same city. During September, J-mart sold $25,000 of goods, while Buy-Lo sold $19,000.J-mart's profit was $9,000, and Buy -Lo profit was $3..
Which one is more important to joe : Joe Martinez, a U.S. citizen living in Brownsville, Texas, invested in the common stock of Telmex, a Mexican corporation. he purchased 1,000 shares at 20.50 pesos per share. Twelve months later, he sold them at 24.75 pesos per share. He receive..
Why company uses accelerated depreciation methods-income tax : Why do you think company uses accelerated depreciation methods for income tax purposes, rather than using straight-line method?
Case-soft light company : Soft Light Company produces speciality lamps and sell them to retail stores. During the lastest year, the company sold 40,000 lamps at an average of $70 per lamp.
Calculate the solubilities and the mass of solid crystals : calculate the solubilities (g A/100 gS) at 10.2 degrees C and 0 degrees C and the mass of solid crystals in the breaker at 0 degrees C. and if you have the time, I'd really appreciate help with:

Reviews

Write a Review

Accounting Basics Questions & Answers

  Why investors cannot earn excess returns

According to results by Seyhun the main reason why investors cannot earn excess returns by following inside trades after they become public is ______________.

  Government and not-for-profit accounting

Write a one-page Memo (double-spaced) to a non-financial audience in which you explain how increasing scrutiny (careful examination) and demand for accountability by the public has impacted reporting for not-for-profit and governmental entities.

  Recognizing the realized gross profit

Terms called for a down payment of $500,000 with the balance in two equal annual installments payable on December 15, 2012, and December 15, 2013. Ignore interest charges. Rigsby has a December 31 year-end. In 2012, Rigsby would recognize realized..

  Financially acceptable investment

How large would the annual net cash inflows from the intangible benefits have to be to make this a financially acceptable investment?

  Benefit of budgeting concept

Which of the following is not a benefit of budgeting? a) It uncovers potential bottlenecks before they occur. b) It ensures that accounting records comply with generally accepted accounting principles.

  What is the bond price

The Morrissey Company's bonds mature in seven years, have a par value of $1,000, and make an annual coupon payment of $70. The market interest rate for the bonds is 8.5%. What is the bond's price?

  Hedging-selecting correct futures hedge

You're a US company with a customer that is going to pay you 10,000 Euros in six months. The correct futures hedge for this condition is to enter in a contract in which you buy Euros (True or False)

  Performance measures to compensation

Develop a memo in response to the President's questions in which you discuss unethical behavior that can result if the wrong performance measures are used to tie performance measures to compensation. How can EEC avoid these behaviors? How should E..

  Five elements in coso

What is COSO"s (Committee of Sponsoring Organizations Treadway Commission) definition of Internal Control? What are the five elements in COSO"s Integrated Framework of internal control?

  What was the character of that gain

what was the character of that gain and what is the corporation's basis in the equipment.

  The case study on metropolitan environmental services

The case study on "metropolitan environmental services"

  Reason for allocating service department costs

Which of the following is the least praticial reason for allocating service department costs to user departments?

Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd