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Epsom Co. manufactures furniture and sells about $40 million a year at a gross margins of 45% a. What is the maximum inventory level the firm can carry to maintain an inventory turnover (based on COGS) of 8.0?
b. if the inventory contains $1.2 million of obsolete and damaged goods that don't turn over at all, how fast would the active inventory have to turn over to achieve an overall turnover rate of $8.00?
a. Journalize the entries required to complete the closing of the accounts. b. Determine the amount of Retained Earnings at the end of the period.
debbie company manufactures a product requiring 2 pounds of direct material. during 2009 debbie purchases 24000 pounds
One of Astro Company's activity cost pools is machine setups, with estimated overhead of $150,000. Astro produces sparklers (400 setups) and lighters (600 setups). How much of the machine setup cost pool should be assigned to sparklers?
royal petroleum co. can buy a piece of equipment that can be financed with debt at a cost of 6 percent after-tax and
world airlines has three service departments 1 ticketing 2 baggage handling and 3 engine maintenance. the service
corrigan enterprises is studying the acquisition of two electrical component insertion systems for producing its sole
Proposals L and K each cost $500,000, have 6-year lives, and have expected total cash flows of $720,000. Proposal L is expected to provide equal annual net cash flows of $120,000, while the net cash flows for Proposal K are as follows:
fantastic sounds corp. an electric guitar retailer was organized by pam mikhail jane lo and dale nadal. the charter
curtis corporation is beginning to manufacture mighty mint a new mouthwash in a small spray container. the product will
your company sells 749300 of goods during the year at a cost of goods sold of 538600. inventory was 31183 at the
detmer holdings ag of zurich switzerland has just introduced a new fashion watch for which the company is trying to
Calculate the amount of net income reported on XYZ Company's 2011 income statement. Do not use decimals in your answer.
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