Corporation sold merchandise costing

Reference no: EM13124160

During 2010, Vaughn Corporation sold merchandise costing $1,500,000 on an installment basis for $2,000,000. The cash receipts related to these sales were collected as follows: 2010, $800,000; 2011, $700,000; 2012, $500,000.

What is the rate of gross profit on the installment sales made by Vaughn Corporation during 2010?

Reference no: EM13124160

Questions Cloud

Conduct a one-sided hypothesis test of the claim : Conduct a one-sided hypothesis test of the claim that corner-lot houses have higher average selling prices than those located on non-corner lots.

Points and graph linear equation : Given the linear equation, find the y-coordinates of the points (-9, ), (0, ), and (9, ). Please show all of your work. Plot those points and graph the linear equation.

What would be the future value : Find the future value of $10,000 invested now after five years if annual interest rate is 8 percent.

Create confidence interval for population mean statistics : Sample mean = $40,000, sample standard deviation =$1500 and n= 25. Assume that the population from which the sample is drawn is normally distributed.

Corporation sold merchandise costing : During 2010, Vaughn Corporation sold merchandise costing $1,500,000 on an installment basis for $2,000,000. The cash receipts related to these sales were collected as follows: 2010, $800,000; 2011, $700,000; 2012, $500,000.

What characteristics will automatically exclude an item : What characteristics will automatically exclude an item from being classified as inventory?

Semi-direct product construction : Use the semi-direct product construction to construct a nonabelian group of order pq, where p, q are prime numbers with q = 1 mod p

Test the researcher-s claim false positive rate : HIV found that 3 received a false positive test result. Test the researcher's claim of a 2% false positive rate at the a = 0.05 level. What can you conclude?

Find long term interest of stockholders : Long Term Interest of Stockholders, Which of the following goals is in the best long-term interest of stockholders?

User Account

All Pages