During the current year, merchandise is sold for $137,500 cash and $425,600 on account. the cost of the merchandise sold is $322,325. what is the amount of the gross profit?

On December 30, Year 3, Ames Co. leased equipment under a finance lease for 10 years. It contracted to pay $40,000 annual rent on December 31, Year 3, and on December 31 of each of the next 9 years.

Who invented the insurance fund? What was the insurance that they invented for?

Dawson Electronic Services had revenues of $116,000 and expenses of $68,000 for the year. Its assets at the beginning of the year were $418,000. At the end of the year assets were worth $468,000. Calculate its return on assets. a) 11.5% b) 26.

Suspendus Company has the following financial data for the year ended December 31, 2021: net sales $1,680,000, operating expenses $880,000, net income $104,000, stockholders' equity $800,000, and assets $1,901,000.

A large, new diamond mine has just opened, and the price of diamonds has gone down. Since she has studied economics, Cecilia decides to buy a diamond necklace since she knows that A. diamonds are in great demand. B.

During which month would you have the most time to devote to freelance floral projects? A. September B. October C. December D. November

Interruptions such as answering the telephone and checking e-mails fall under which of the following quadrants in the time management matrix? A. Quadrant 4 B. Quadrant 1 C. Quadrant 3 D. Quadrant 2

When a corporation wishes to issue certain securities, it must provide sufficient information for an unsophisticated investor to evaluate the financial risk involved.

Suppose the objective of San Francisco's Municipal Authority (the cable caroperator) is to maximize its revenues.

What are implicit costs? an implicit cost is a. a cost that remains constant as output changes. b. the highest-valued alternative that must be given up to engage in an activity. c. a nonmonetary opportunity cost. d.