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The following information was available for Pete Company at December 31, 2014: beginning inventory $90,000; ending inventory $70,000; cost of goods sold $984,000; and sales $1,350,000. Pete's inventory turnover ratio in 2014 was?
your firms strategic plan calls for a net increase in total assets of 100 million during the next five years which
You have gone to the bank to borrow money for one year. The nominal rate is 7.5%. The real rate of interest is 4%. Over the course of the year, overall prices increased by 4%. This rate of inflation hurt the _____ because the actual rate of inflat..
how do internal auditors differ from external auditors? can external auditors use the work of internal auditors?this
geox company produces and sells a specialized software package used by valuation analysts throughout the world. the
In April 2007 of this year, Emma acquired a machine for $50,000 for use in her business. The machine is classified as 7-year property. Emma makes no elections with regard to the property. Emma's depreciation on the machine this year is
During April, 1,000 drives were sold. Fixed costs for March were $2 per unit for a total of $1,000 for the month. How much is the contribution margin ratio?
Renee's Rings manufactures college rings. Two models are produced: The Spirit model with a budgeted price of $660 and a standard variable cost of $360.
schedule of cash payments select physical therapy inc. is planning its cash payments for operations for the third
Deirdre sold 100 shares of stock to her brother, James, for $2,400. Deirdre purchased the stock several years ago for $3,000.
alyssas custom cakes currently sells 5 birthday 2 wedding and 3 specialty cakes each month for 50 150 and 100 each
What if you were a manager of a company? What measurement problems are illustrated by this question?
On March 1, 2010, Freeze Company hires a new employee who will start to work on March 6. The employee will be paid on the last day of each month. Should a journal entry be made on March 6? Why or why not?
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