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1) If income from operations for a division is $12,000, invested assets are $50,000, and sales are $60,000, the profit margin is 24% a. true b. false 2) If income from operations for a division is $12,000, invested assets are $50,000, and sales are $60,000, the investment turnover is 5. a. true b. false 3) The manager of the furniture department of a leading retailer does not control the salaries of departmental personnel. a. true b. false 4) Stevensen Corportaion had $550,000 in invested assets, sales of $660,000, income from operations amounting to $99,000, and a desired minimum rate of return 15%. The rate of return on investment for Stevensen is: a. 16% b. 20% c. 18% d. 15%
on january 2 2014 mahoney sales issued 10000 in bonds for 9400. they were 5-year bonds with a stated rate of 4 and pay
The relevant costs for the year are as follows: machinery for $10,000, $800 shipping, $50 for delivery insurance, $500 for installation, $750 for sales tax, $150 for annual tune up, and $200 of property taxes (an annual tax on business property). ..
What is a common source of asset write-offs?
1 anytime an owner removes any asset for personal use it is recorded as a a withdrawal. b payment of a liability. c an
fiddling enterprises entered into a contract with one of its customers. the contract provided for a formula price of
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The effective-interest method,
a company is considering purchasing an asset for 56000 that would have a useful life of 10 years and would have a
Product-cost cross-subsidization is more likely to occur when:
assume that the following tax rates and payroll information pertain to brookhaven publishing social security taxes 4 on
what would be the journal entry for "finished goods with a carrying cost of 138500 are sold on account for 199500. assume a perpetual inventory system and enter a compound journal entry".
hbc inc. buys on terms of 210 net 30 days. it does not take discounts and it typically pays 30 days after the invoice
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