Calculation of gross profit margin
In 2002 Clanton, Inc. had a gross profit of $27,000 on sales of $110000. Clanton's operating expense for 2002 were $13,000 and its net profit margin was .0585. Clanton had no interest expense in 2002. What was Clanton's gross profit margin for 2002?
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Calculate the 95% confidence intervals for the expected annual return of the four different investments included in the following table. Assume the data in the table represents the true expected return and volatility and that these returns are nor
On January 3, it is installed on a required operating platform costing $1,080, and it is further readied for operations. The company predicts the machine will be used for six years and have a $14,600 salvage value. Depreciation is to be charged on
Explain why Sheila, not Pete, should make the selection decision?
The partnership of Nurr, Cleamons and Kelly was insolvent, as was Cleamons personally. The partnership had begun liquidating its assets and Cleamons' capital account had a debit balance. How would the claim of Nurr and Kelly against Cleamons be ra
In 2002 Clanton, Inc. had a gross profit of $27,000 on sales of $110000. Clanton's operating expense for 2002 were $13,000 and its net profit margin was .0585. Clanton had no interest expense in 2002. What was Clanton's gross profit margin for 200
The partners capital accounts are as follows Roberts, $50,000, Ferry, $30,000 and Mones 3,000. The partners share profits and losses 5:3:2. If the land is sold for $45,000, how much cash will Mones receive in the final settlement?
Why does dividend income growth exceed that of bon income growth over a period of time? Explain the difference in taxation between stock dividend income and bond interest income. What is a capital gain? Is it taxed the same way as dividends?
Give the entry for the issuance assuming the par value of the common was $5 and the market value $30, and the par value of the preferred was $40 and the market value $50. (Each valuation is on a per share basis and there are ready markets for each
Calculate the after-tax cost of a $25 milllion debt issue that pullman manufacturing corporation (40 percent marginal tax rate) is planning to place privately with a large insurance company.
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