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sorenson inc has sales of $5,119,000 , a gross profit margin of 32.18 percent and inventory of 1,017,000. what are the companys inventory tirn over ratio and days' sales inventory ?
Sprinkle Co sells its product for $20 per unit. During 2013, it produced 60,000 units and sold 50,000 units (there was no beginning inventory). Costs per unit are: direct materials $5, direct labor $3, and variable overhead $1. Fixed costs are: $240,..
Flo Choi owns a small business and manages its accounting. Her company just finished a year in which a large amount of borrowed funds was invested in a new building addition as well as in equipment and fixture additions. Identify decisions that manag..
1. the records for bosch co. show this data for 2013bullgross profit on installment sales recorded on the books was
Petras Company engaged in the following transactions during 2012, its first year in operations: During 2013, Petras engaged in the following transactions: (Assume all transactions are cash transactions)
The following information was drawn from the records of Paso & Associates at December 31, 2012. Cash Flows From Operating Activities $ Cash Flows From Investing Activities Cash Flows From Financing Activities Net Change in Cash Ending Cash Balance $
You should also tell her the PUC and ACB of the Class A preferred shares and the common shares that she has received and deal with the tax consequences on the eventual redemption of the 3,500 Class A preferred shares.
Prepare a condensed cost of goods manufactured schedule for situation (1) for the year ended December 31, 2012
Warner Corporation sold $80,000 of merchandise on credit. The merchandise originally cost $55,000. Warner uses the perpetual method of inventory and records the cost of all sales at the time of the sale. Select ALL debits and credits that would be ma..
Broussard Skateboard's sales are expected to increase by 25% from $7.4 million in 2013 to $9.25 million in 2014. Its assets totaled $2 million at the end of 2013. Broussard is already at full capacity, so its assets must grow at the same rate as proj..
The Chocolate Company had the following transactions during January 2014: A customer that had an account receivable with the company in the amount of $10,000 called and said they could not pay on time. You, the CFO, told them they could pay it all ba..
Analyze the changes in the profitability of Kelly Services during the three-year period in as much depth as permitted by the data provided.
Have operating cash flows been sufficient to meet investing needs and to pay dividends? b. Were there significant changes to any of the specific line-item details that you think would require further explanation or analysis?
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