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Question - ABC has the following income statement information:
Revenue $3,000,000
Cost of goods sold $1,000,000
Other operating expenses $500,000
Interest expense $100,000
Tax expense $120,000
Required -
(a) What is the gross profit?
(b) What is the operating income?
(c) What is the net income?
Part (a) Calculate the regression line and forecast sales for February of Year 3. Part (b) Calculate the seasonal forecast of sales for February of Year 3.
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Would you not think that, at least within their own organization, management could establish some guidelines for ensuring that cost measurement
Fixed costs are $100,000, and unit sales are 60,000 sheaths of golf balls and 40,000 cans of tennis balls. Compute the overall break-even unit sales
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Nice Company included the following in inventory at year-end: $1,400,000 Merchandise out on consignment at sale price, At what amount the inventory be reduced
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