Walker Manufacturing took in $206,500 in sales during October. They started the month with inventory worth $642,500 and spent $368,600 on new purchases during the month. Gross margin on sales was 66%. Using the gross profit method, estimate the cost value of the inventory at the end of October
A) $70,210
B) $436,000
C) $940,890
D) $1,011,100
C
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What was the operating income (loss) for the year?
Hendrix & Franks Co. had the following beginning and ending inventory balances for the current year ended December 31: January 1 December 31 Materials $11,000 $ 8,800 Work in Process 19,800 18,700 Finished Goods 23,100 18,150 In addition, direct labor costs of $33,000 were incurred, manufacturing overhead equaled $46,200, materials purchased were $29,700, and selling and administrative costs were $24,200. Hendrix & Franks Co. sold 27,500 units of product during the year at a sales price of $5.25 per unit. A. $18,500 B. $125,000 C. $3,025 D. $2,000
Two research studies conducted over a decade apart discovered that the major sources of conflict within project teams are:
A) Schedules and project priorities. B) Personalities and cost. C) Human resources and technical opinions. D) Administrative procedures and budget.
An effective offer requires reasonably definite terms
Indicate whether the statement is true or false
On November 15, Melvin Weldon purchased five KTV 8s12 bonds that pay interest semiannually on April 1 and October 1 . Calculate the accrued interest Melvin paid to the seller. (Assume a 360-day year.)