During the current year, merchandise is sold for $11,750,000. the cost of the goods sold is $7,050,000.

a. what is the amount of the gross profit?

The difference between zero accounting profit and zero economic profit is that A. economists include opportunity cost in zero economic profit, while accountants do not include opportunity cost in zero accounting profit. B.

Ted is trying to decide what cost of capital he should assign to a project. Which one of the following should be his primary consideration in this decision? Answer a. Amount of debt used to finance the projectb.

On January 8, Lowrence Co. issued a $60,000, 120-day discounted note to Raines Bank. The discount rate is 8%. Assuming a 360-day year, what is the amount of proceeds received? a. $58,400 b. $55,200 c. $60,000 d. $61,600

An investment project is expected to generate earnings before taxes (EBT) of $60,000 per year. Annual depreciation from the project is $30,000 and the firm's tax rate is 40 percent. Determine the project's annual net cash flows.

A company's scope defines the products and markets on which it will concentrate. True or false?

The Frank Company has issued 10%, fully participating, cumulative preferred stock with a total par value of $300,000 and common stock with a total par value of $900,000. Dividends for one previous year are in arrears.

How did Blue Bell's response to their contamination at it's plants in packed the triple bottom line

A company's trial balance included the following account balances: Accounts Payable $ 19,207 Accounts Receivable 81,336 Cash 73,324 Income Tax Payable 3,512 Inventory 25,816 Note Payable, due in two years 1,709 Equipment 54,128 Stockholders' Equity

Claire created an ad for a company with a target audience of customers under the age of 16 for her advertisement.

When a buyer agrees to buy and the seller agrees to sell, they both sign a contract called a (n) ___. a. intent to purchase agreement c. sales agreement b. purchase agreement d. both b and c