Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Problem - Gross Profit Percent and Markup Percent
Caterpillar Inc. (CAT) produces and sells various types of equipment, including tractors, loaders, and mining equipment. The following data (in millions) were adapted from recent financial statements of Caterpillar.
Year 2
Year 1
Sales
$55,184
$55,656
Cost of goods sold
(40,391)
(41,454)
Gross profit
$14,793
$14,202
Required -
1. Compute the gross profit percent for Years 1 and 2. Round to one decimal place.
2. Compute the average markup percent for Years 1 and 2. Round to one decimal place.
3. Compare the results in parts (1) and (2) for Years 1 and 2. Comment on your comparison.
Which itemized deductions are limited by AGI? Why do you think that Congress limited these deductions? The response must be typed.
Tram has sufficient capacity to handle the order. How much will operate profits be increased if Tram accepts the special order
In 2011, Gail changed from the lower of cost or market FIFO method to the LIFO inventory method. What is correct beginning inventory for 2011 under LIFO method
Use this information to determine how much cash will increase (decrease) during the month of October
How much will Jack be able to spend per year starting in year 15 for the next 20 years given his Pirate Super fund earns 12%p.a.
Describe the meaning and the components of a financial reporting system. Write a description of how management should use an activity based budget instead.
What is the first year depreciation for an asset that was purchased on July 1, for $20,000, transportation costs were $3,000, installation costs were $2,000
Adelphi Company has budgeted activity for March to reflect net income $110,000. How much cash will increase during the month of March
What kind of situation would make guaranteed payments a logical way of starting a two-person partnership?
The longest task is 2.4 minutes, and the total time for all tasks is 18 minutes. What are the minimum and maximum cycle times
In the manufacture of 10,000 units of a product, direct materials cost incurred was $135,700, direct labor cost incurred was $82,000, and applied factory overhead was $37,500. What is the total conversion cost?
Puckett Co. has office furniture that cost $75,092 and that has been depreciated $49,709 - Record the disposal under the assumptions.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd