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1. Assume 007 Inc. made sales of $964.4 million during 2016. Cost of goods sold for the year totaled $655.3 million. At the end of 2015, 007 Inc. inventories stood at $200.7 million, and the company ended 2016 with inventory of $240 million. Compute 007's gross profit percentage and rate of inventory turnover for 2016.
clemson co. incurs 700000 of overhead costs each year in its three main departments machining 400000 inspections 200000
west star company manufactures and sells computer monitors at 200 each. the following is the cost information for the
the hills company purchased inventory from a foreign supplier on november 30 2013 for 80000 local currency units lcu.
brands resources traded an old machine for a new machine. the book value of the old machine was 150000 original cost
Prepare the appropriate entries for January 1, 2012 and December 31, 2012.
explain some of the risks associated with information assets it. consider issues such as security and protection of the
how much would you have to invest today in the bank at an interest rate of 7 to have an annuity of 2800 per year for 9
At December 31, 2011 and 2012, Sloan Corp. had outstanding 2,000 shares of $100 par value 8% cumulative preferred stock and 10,000 shares of $10 par value common stock. At December 31, 2011, dividends in arrears on the preferred stock were $8,000...
south company sells a single product for 25 per unit. if variable expenses are 60 of sales and fixed expenses total
Flex the budget to take into account the actual level of output and provide an explanation of the difference between the original budget and the flexed budget.
donkey bikes could sell its bicycles to retailers either assembled or unassembled. the cost of an unassembled bike is
Which of the following is not acceptable in estimating uncollectible accounts receivable under GAAP?
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