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Question - A company shows the following balances:
Sales $1100000
Sales returns and allowances 300000
Cost of goods sold 600000
Operating expenses 73000
What is the gross profit margin?
a. 54.5%
b. 25.0%
c. 45.5%
d. 78.6%
Kathryn 16 y/o and Nadine 17 y/o are best of friends. What is the status of the contract of sale between Kathryn and Nadine
Prepare the journal entries to record the factory, sales, and administrative payrolls including the employer's payroll taxes.
tthe stockholders equity section of ennis company consists of common stock 300000 and retained earnings 900000. ennis
A bond trader purchased each of the following bonds at a yield to maturity of 8 percent. Immediately after she purchased the bonds, interest rates fell.
Explain why an organization should establish and enforce policies for its IT systems in the following areas regarding the use of passwords for login
1. record the inventory purchases and cost of merchandise sold data in a perpetual inventory record similar to the one
Calculate the cost of new common stock.Calculate the weighted average cost of capital (WACC) for existing capital
A company purchased and installed a machine on January 1, 2004 at a total cost of $72,000. Straight-line depreciation was calculated based on the assumption of a five-year life and no salvage value. The machine was disposed of on July 1, 2007.
edwin cortez recently opened his own company. in order to improve the business he will be undertaking the following
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The company repurchased stock (per agreements with early stage investors) for $290. How is this displayed on Balance Sheet and Statement of Cash Flows
Ignore the impact of income taxes in your calculation. Should the order be accepted? What would be the impact to monthly profits
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