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 sales margin

Is it true or false that shareholders in a corporation are not legally responsible for paying the debts of the corporation

Partial adjusted trial balance for Blue Spruce Corp. at December 31, 2017, includes the following accounts: Retained Earnings $16,300, Dividends $5,800, Service Revenue $36,100, Salaries and Wages Expense $13,800, Insurance Expense $1,790, Rent

Recall that Festinger and Carlsmith gave participants either $1 or $20 for telling others that an experiment was fun and interesting. The experiment entailed turning pegs on a pegboard one quarter turn at a time.

A profit-maximizing, monopolistically competitive restaurant serves 60 burgers a day at a total cost of $180 and earns a total profit of $180. In the long run, everything else equal, the a. restaurant will charge more than $6 per burger. b.

Using the following information: (a) The bank statement balance is $3,868. (b) The cash account balance is $3,971. (c) Outstanding checks amounted to $764. (d) Deposits in transit are $743. (e) The bank service charge is $115.

Consider the market for coffee beans. suppose that the prices of all other caffeinated beverages go up 30 percent while at the same time a new fertilizer boosts production at coffee plantations dramatically.

At January 31, the end of the first month of the year, the usual adjusting entry transferring expired insurance to an expense account is omitted.

Two part-time employees share one full-time job. A girl works Mondays comma Thursdays , Wednesdays, and Fridays, and a boy works Tuesdays. The job pays an annual salary of $28 comma 602. What annual salary does each employee earn?

A piece of property bought by XYZ Corporation a few years ago was sold for $5 M. The cost basis for this property was $2.75 M. The company had a taxable income of $12.15 million in the year the property was sold.

What must be marked on ready-to-eat bags (PHFs): Best before date Temperature to reheat Name of the food Shelf to store the food on