What is the profit margin ratio
Davenport Corporation reported net sales of $800,000; cost of goods sold of $520,000; operating expenses of $210,000; and net income of $70,000. Calculate each of the values.what is the profit margin ratio? and What is the gross profit rate?
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Arnie's Landscaping Company is preparing its budget for the first quarter of 2012. The next step in the budgeting process is to prepare a cash receipts schedule and a cash payments schedule.
Discuss several weaknesses in internal control over information and data flows and the procedures for processing shipping notices and customer invoices, and recommend improvement in these controls and processing procedures.
XYZ produces a water filter that attaches to the faucet and cleans all water that passes through the faucet. Revenue and cost information for the water filter appears.
Expenses are paid in the month incurred. If the company has budgeted to sell 6,000 umbrellas in October, how much is the total budgeted variable selling and administrative expenses for October?
XYZ is considering buying new production equipment. The new equipment will increase fixed costs by $80,000 per year and will decrease the variable cost of the water filter by $4 per unit.
Which of the following statements does not describe a characteristic of management accounting?Question 1 options.
If Flom were to eliminate receiving materials, inspecting materials and storing materials from its cycle, the total manufacturing cycle would be ?? days and its manufacturing efficiency ratio would become %??
Fugate Energy Corp. has recently purchased a small local company, Gleave Inc., for $556,950 cash. Fugate's chief accountant has been given the assignment of preparing the journal entry to record the purchase.
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Explain the risks of not reporting the results of your forensic assessment findings accurately. Provide specific examples.
Read "The Effect of Tart Cherry Juice Compared to a Sports Drink and Cycling Exercise Performance, Substrate Metabolism, and Recovery" from University Library
Identify and analyze one resource that provides information regarding services for dealing with and treating substance use and abuse in youth or adolescence.
Discuss how culture may influence one's perceptions. Provide an example of how culture may impact the interaction between a patient/client
Write an essay describing your achievement of a goal and your friends or family member's achievement of a goal using motivational theory
Pets can have a therapeutic effect on people; they seem to have the power to calm the anxious and cheer the depressed. Give three reasons
Review Chapter 12 and consider how your culture has impacted your worldview and personality. Pay particular attention to the section on characteristics of Cult