Two sporting goods stores have similar annual net sales. if one store sells mostly high-quality goods and the other store sells mostly moderate-quality goods, which store likely has the higher gross profit rate? why?

In August, one of the processing departments at Tsuzuki Corporation had beginning work in process inventory of $24,600 and ending work in process inventory of $13,600. During the month, $289,000 of costs were added to production.

Which of the following is a type of liability? A. A revenue stream B. A liquid asset C. Accounts payable D. Accounts receivable

The economic order quantity A. assumes that inventory usage is seasonal. B. assumes that delivery times of each order are consistent C. considers stock-outs D. all of the above

A lottery claims its grand prize is $10 million, payable over 20 years at $500,000 per year. If the first payment is made immediately, what is this grand prize really worth? Use an interest rate of 6%. Show work

Balance Sheet The account balances of Paradise Travel Service for the year ended May 31, 20Y6, follow: Fees earned $705,555 Office expense 162,280 Miscellaneous expense 14,110 Wages expense 338,665 Accounts payable 17,640 Accounts receivable 49,390

According to liquidity preference theory, if there were a surplus of money, then A. the interest rate would be above equilibrium and the quantity of money demanded would be too large for equilibrium. B.

Moonbeam Company manufactures toasters. For the first 8 months of 2017, the company reported the following operating results while operating at 75% of plant capacity: Sales (349,400 units) $ 4,372,000 Cost of goods sold 2,595,000 Gross profit

What equipment should you use to reheat food? A. A stove B. A heat lamp C. A steam table D. A chafing dish

A small multifamily property generates $50,000 in rental income, $10,000 in expenses, and $25,000 in debt service. The property appreciates about $25,000 each year. What is the cash flow on this property?

Robot Corporation is liquidated, with Marty receiving property having an adjusted basis of $60,000 and an FMV of $90,000. The property is subject to a $80,000 mortgage, which Marty assumes. Marty's basis in the Robot stock surrendered is $50,000.