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Procter & gamble reported the following information for its fiscal year end : on net sales of $51.407billion , the company earned a net income after taxes of 6.481 billion. It had a cost of goods sold of $25.076 billion and EBIT of $9.827 billion.
What are the company's gross profit margin, operating profit margin and net profit margin ? Round answers to 1 decimal place
On July 1, 2014, Legoria Co. shipped software to a customer. The arrangement with a customer also requires the company to provide technical support over the next 12 month and to ship an expected software upgrade on January 1, 2015. Assume Legoria is ..
Recording Journal Entries for Purchases, Purchase Discounts, and Purchase Returns Using a Perpetual Inventory System [LO 6-3]. Prepare journal entries to record the transactions, assuming Ace uses a perpetual inventory system.
Adnan Company uses process costing. At the beginning of the month, there were 3,000 units in process, 70% complete with respect to material, and 60% complete with respect to conversion costs. 20,000 units were started during the month and 20,000 unit..
Assuming that Kelly's marginal combined Federal and state tax rate is 25% in 2012, how much would the tax rates need to increase to make the option identified in (a) advisable?
Determine the cost of goods available for sale. - Determine the ending inventory and- Determine the cost of goods sold under each of the assumed cost flow methods.
CCES Corporation acquires a controlling interest in Schmaling, Inc. CCES may utilize three methods to internally account for this investment. Class, what are these methods? Could you discuss their advantages and disadvantages?
On January 1, 2016 Nezcorp borrows money on a 1-year 12% (stated rate = market rate) $10,000,000 interest-only note payable. Payments are made monthly. bond pays semi-annual interest i. Prepare the journal entry on January 1, 2016.
Determine the inventory balance at December 31, 2004 and evaluate the inventory balance at Decmber 31, 2004, without the reduction for LIFO reserve?
Summerlin Company budgeted 4,200 pounds of material costing $4.00 per pound to produce 2,300 units. The company actually used 4,700 pounds that cost $4.10 per pound to produce 2,300 units. What is the direct materials quantity variance?
The following account balances were drawn from the financial records of Crystal Company (CC) as of January 1, 2014. Assets, $12,000 (all in cash); Liabilities, $3,600; Common Stock, $6,200; and Retained Earnings, $2,200. Assuming CC earns a before i..
The best way to reduce operating leverage is to
under FASB, for a private not-for-profit health care entity - discuss the accounting requirements for each of the following: Please describe what happens when a charitable lead trust is irrevocable? What is the accounting treatment? what are some ex..
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