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Question 1: Net income is $83,642.30 (Gross profit - operating expenses) and gross profit is $217,715; therefore the net margin ratio should be 0.38? Is this correct? Also, how does net margin relate to the gross margin ratio?
questionthe abc co. has 1000 face value stock unsettled with a market price of 937.6. the stock pays interest annually
Why do companies pay rating agencies such as Moody's and S&P to rate their bonds, when it is not required?
Discuss why cash is inherently a high-risk item on the balance sheet but not as high a risk to the actual audit program itself. Consider these questions: When is cash a high risk, and when is it a low risk? What are possible outcomes of re-performing..
What selling price should you place on your home? Explain using capital budgeting calculations. Assuming the market rate of interest is still 7.5%, what should be the price of this third home? Why?
Determine whether the taxpayer in each of the following situations has realized income.- Explain why there has or has not been a realization, and determine the amount of income to be reported.
Overhead is charged to production at 70% of direct materials cost. Jobs 235, 237, and 238 were completed during June and transferred to finished goods. Jobs 235 and 238 have been delivered to customers.
Truman pays the invoice on February 8, and takes the appropriate discount. Determine The journal entry that Smart makes on February 8 is
Record the following transactions of Reed Co. in the desired manner and give the adjusting entry on December 31, 2010. (Two entries for each part.) (2 points) 1.?An insurance policy for two years was acquired on April 1, 2010 for $8,000. 2.?Rent of $..
Kirkaid Company recorded the following transactions for the just completed month. Record the above transactions in journal entries.
An employee receives an hourly rate of $18 with time and a half for all hours worked in excess of 40 during the week. Payroll days for the hot rent week are as follows: hours worked, 47. Federal income tax withheld, $150. Cumulative earnings for the ..
Cinder Company had the following department information for the month: Total materials costs $80,000 Equivalent units of materials 10,000. Total labor cost of $60,000 and manufacturing overhead of $60,000. Equivalent units of conversion costs 20,000 ..
Prepare production budget for the second quarter; in your budget, show the number of units to be produced each month and for the quarter in total.
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