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Problem 1: Business gives info: Revenue for year 189000, purchases for year 125000, gross profit as % of cost of sale = 25%
What was gross profit for year (memo gives answer as $37800)
Problem 2: Donald rate of inventory turnover was 10 times. Inventory on 1 Jan 2017 was $800 and inventory on 31 Dec 2017 was $1000
What were purchases for year (memo gives answer as $9200)
Blossom estimates that sales volume will increase by 25%. Compute the net income under Blossom's proposal and the break-even point in dollars
Sales for the year totaled 270 units, leaving 10 units on hand at the end of the year. What is the ending inventory using the LIFO method
Provide an explanation of how adjusting the discount rate in the basic NPV model of capital budgeting deals with the problem of project risk.
TLC is in its 4th year of operations. The company is experiencing cash flow issues and would like to utilize a budget to forecast cash flows.
woods enterprises prepared the following standard costs for production of one stuffed bear direct materials 1.5 pounds
the demand forecast for the next four periods is 80 110 120 and 145 units respectively. the plant has a regular
Prepare the journal entry to recognize the income tax benefit of the operating loss. Wynn elects the carry back option.
In return, she has received $500,000 in cash and, based on its value on the sale date, $200,000 in common stock in Silica Labs
Analyzing and Computing Issue Price, Treasury Stock Cost - Using December 31, 2014 balances, at what average issue price were the Merck common shares issued
For the year ended 30 June 2020, it had $150,000 of net profit before tax, after deducting $12,000 in interest expense. Find the interest coverage ratio
Prepare flexible budget analysis with 5 valued columns of Base (Plan or Budget). What is the Breakeven # of units for the Base show computations.
Prepare journal entries in a general journal and record the foregoing transactions in the accounts
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