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Problem 1: If swank clothier had sales of 368,000 and cost of goods sold of 323,000 What is the gross profit margin (ratio of gross profit to sales)?
Problem 2: If the average firm in the clothing industry had a gross profit of 39 percent, how is the firm doing?
The company produced 35,030 units in August and the beginning inventory consisted of 8,770 units. Variable production costs per unit and total fixed costs have remained constant over the past several months. When the company sold 42,500 units and ass..
What is the amount of the LIFO reserve and the LIFO effect related to 2020? What is the journal entry needed to record the LIFO effect at December 31, 2020?
What is the purpose of each of the basic financial statements (income statement, balance sheet, and statement of cash flows)? Financial statements are designed to provide information beneficial to users to help them assess the amount, timing, and unc..
Find what is the projects expected rate of return for the next year. Gamut Satellite Inc. produces satellite earth stations that sell for $150,000 each.
If the projected synergies are $120 million and Firm Y has 10 million shares outstanding, what is the maximum per-share cash offer
On 30 November 2015, Record General Journal entries to account for the sale of the finishing machine and post to the relevant ledger accounts.
On October 1, 2014, Arden Farm Equipment Company sold a pecan-harvesting machine to Valco Brothers Farm, Inc. In lieu of a cash payment Valco Brothers Farm gave Arden a 2-year, $157,000, 10% note (a realistic rate of interest for a note of this type)..
By 2 percentage points, what is the new price of Bonds J and Bond K respectively? What is the percentage change in price for each bond?
How finance and accounting meet the auditing requirement of Centers for Medicare and Medicaid Services (CMS), state regulatory bodies
The variable cost per case, including both manufacturing and selling costs, is $105. What is the total contribution margin for next quarter?
Computer equipment (office equipment) purchased 6 1/2 years ago for $170,000, with an estimated life of 8 years and a residual value of $10,000, is now sold for $60,000 cash.
Purpose journal entries to account for the foreign currency option, import purchase and firm commitment.
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