In preparing a retail method of accounting worksheet, your accountant has provided you with the following data:
December 1, 20XX - December 31, 20YY
At Cost At Retail
Beginning inventory $ 70,000 135,000
Net purchases 650,000 1,300,000
Additional markups --- 100,000
Transportation charges 12,000 ---
What is the correct cost complement?
a. .48
b. .50
c. .52
d. 2.1
a
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After an assignment of rights has been made, it becomes effective ____________________
Fill in the blank(s) with correct word
Similar to an S corporation shareholder's stock basis, the AAA may not have a negative balance.
Answer the following statement true (T) or false (F)
The following data represents the ages of a household that consists of five people
39 37 12 7 7 The median of this data set is ________. A) 7 B) 9.5 C) 12 D) 24.5
Robichau Inc. reported the following results from last year's operations: Sales$6,300,000Variable expenses 4,930,000Contribution margin 1,370,000Fixed expenses 803,000Net operating income$ 567,000Average operating assets$3,000,000At the beginning of this year, the company has a $900,000 investment opportunity with the following characteristics: Sales$1,530,000 Contribution margin ratio 30% of salesFixed expenses$306,000 The company's minimum required rate of return is 20%.The ROI for this year's investment opportunity considered alone is closest to:
A. 10.0% B. 50.0% C. 51.0% D. 17.0%