Paradise Company reports the following information at December 31, 2012: Sales $18,000,000 Cash 3,000,000 Salaries payable 400,000 Dividends 1,000,000 Cost of sales 12,500,000 What is Natural Company's Gross Profit?
A) $ 6,100,000
B) $ 6,500,000
C) $ 5,500,000
D) $12,000,000
C
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Source data for work in process at the beginning of the accounting period comes from the
a. materials inventory in the general ledger. b. work in process inventory in the general ledger. c. Adjusted Trial Balance columns of the work sheet. d. Income Statement columns of the work sheet.
The objective of the first phase of network design is to
A) maximize total profits, taking into account the expected margin and demand in each market. B) select a set of desirable sites within each region where facilities are to be located. C) identify regions where facilities will be located, their potential roles, and their approximate capacity. D) specify what capabilities the supply chain network must have to support a firm's competitive strategy.
A specialty tour company markets its service as offering “an experience of a lifetime.” Which of the following would be the most likely pricing strategy?
a. customer-led pricing b. psychological pricing c. value-based pricing d. bundled pricing
At the beginning of the year, Norwood Pass Industries had $240,000 in total assets and a debt-to-assets ratio of 0.5 or 50%. During the year, Norwood's assets increased by $80,000, and its liabilities increased by $72,000. What is the debt-to-assets ratio at the end of the year?
A. 0.4 or 40% B. 1.7 or 170% C. 0.9 or 90% D. 0.6 or 60%