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Profitability ratios Low Carb Diet Supplement, Inc., has two divisions. Division A has a profit of $100,000 on sales of $2,000,000. Division B is only able to make $25,000 on sales of $300,000. Calculate the profit margin for each firm. You're your work. Based on the profit margins , which division is superior?
You aare considering buying a new $25,000 car. The car dealer offers you a 13.6% loan with 30 equal monthly payments. Upon the questioning the dealer, you find that this unusual loan has "add-on" interest-What is the approximate effective annual in..
During the year, Mac withdrew $93,000 from the business for his personal living expenses. Assuming MACS is a sole proprietorship, how do these transactions affect Mac's taxable income for the year?
a mortgage incurred in exchange for an office building would be reported in the statement of cash flows in a. the cash
Probe Manufacturing leased an asset with a fair market value of $145,000 to Detection Devices. Detection will pay Probe $25,000 annually, in advance, for the next 10 years.
A company purchased a POS cash register on January 1 for $5,400. This register has a useful life of 10 years and a salvage value of $400. What would be the depreciation expense for the second-year of its useful life using the double-declining-bala..
Questions based on partnership. a)Write definition of partnership? b) Name and discuss the characteristics of a partnership c) Advantages of a partnership as a form of business
Stone Co. owns 3,000 of the 10,000 outstanding shares of Maye Corp. common stock. During 2007, Maye earns $180,000 and pays cash dividends of $50,000. Stone should report investment revenue for 2007 of
a manufacturer of business copier workstations has a 75 percent customer retention rate. their accounting department
the december 31 20x2 year-end trial balance of targa company revealed the following account informationdebits credits
Mobile Co. issued a $45,000, 60-day, discounted note to Guarantee Bank. The discount rate is 6%. At maturity, the borrower will pay:
On May 15, 2009, Brent purchased new farm equipment for $40,000. Brent used the equipment in connection with his farming business. Brent does not elect to expense assets under § 179. Brent does elect not to take additional first-year depreciation...
If a company applies overhead to production with a predetermined rate, a credit balance in the Factory Overhead account at the end of the period means that:
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