2. During its first year of operations, the SubRay Corporation produced the following income statement results: Net Sales $300,000 Cost of Goods Sold -180,000 Gross Profit 120,000 General & Administrative -60,000 Marketing expenses -60,000 Depreciation -20,000 EBIT -20,000 Interest expenses -10,000 Earnings before taxes -30,000 Income taxes -0 Net earnings (loss) $-30,000 Costs of goods
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Procter and Gamble Company Renee Keith Principles of Economics I Procter and Gamble Company, also known as P&G, is recognized as the world’s largest producer and distributor of household and personal products. It provides branded packaged goods to its consumers around the world. P&G’s headquarters is located in Downtown Cincinnati, Ohio and was founded by William Procter and James Gamble in October 31, 1837, 177 years ago. The company's products include foods, beverages, cleaning
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FIFO > LIFO | COGS | ↓ | ↑ | FIFO < LIFO | Income tax | ↑ | ↓ | FIFO > LIFO | Net income | ↑ | ↓ | FIFO > LIFO | Current ratio | ↑ | ↓ | FIFO > LIFO | Return on investment | ↑ | ↓ | FIFO > LIFO | 2. (a)What factors should the management of Example Corporation in this case consider when deciding whether to switch from LIFO to FIFO at the beginning of Year 2? (b) Would this change impact the balance sheet or income statement in a material way? Why or why not? Answer:
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White | Southeast | Southeast | Pacific "West Coast" | Higher income (75k+) | Low and high income | 75K+ | Single, separated | Single, separated | Single | | | | * Using demographic describe the best target market for Crest 3D Whitestrips. The best target market for Crest 3D Whitestrips is: Female 18-24 College Oriented Sales, Health Care, Manager, Legal White Pacific "West Coast" 75K+ Income Single * What value does the Crest 3D 2 Hour Express tap
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artists to publish updates and new albums● Technical limits can cause large scale revenue and reputation loss : Spotify recorded an operating loss of €165.1m (£119m) in 2014 compared to €91.2m (£65.7m) in 2013,● Depend on mass advertising for income (revenue generated by advertissing split 30/70)● Persistence on premium subscriptions for full mobile services and access to files limits its appeal to consumers used to accessing free music : have to pay £10 a month to be able to use it, which some
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Executive Summary NIKE is the world's leading sports clothing and footwear designer, marketer and distributor. The company is established 45 years ago and it produces and sells high quality sports clothing, footwear, equipment and accessories for a range of sports, fitness activities and leisure mainly. NIKE is a multinational company, which runs and develops its business activities globally and sells its products in more than 160 countries according to NIKE Corporate Website. NIKE owes its success
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linear repurchased share instead? What if linear retained entire cash balance? Show your calculations using data from FY 2002 and assume there are no taxes and the interest rate on retained cash is 3%.1 Based on Exhibit 2, Linear Technology has net income of 197.6 million in year 2002. It issued stock of 39.3 million, repurchased stock of 221.6 million and paid dividend of 54 million. First, we analyzed the effect of share price, net earnings, and earnings per share if Linear Technology retains the
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Correct. | | | Journalize the transactions and the closing entry for net income. (For multiple debit/credit entries, list amounts from largest to smallest eg 10, 5, 3, 2.) Date | Account / Description | Debit | Credit | Feb. 1 | Cash | $ 25000 | | | Common stock | | $ 15000 | | Paid-in cap. in excess of stated value-Comm. stock | | $ 10000 | Mar. 20 | Treasury stock-Common | $ 12000 | | | Cash | | $ 12000 | | | | | June
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Business Analysis On February 22nd, 2012 HP announced financial results for its first fiscal quarter ended January 31, 2012. For the quarter, net revenue of $30.0 billion was down 7% from the prior-year period. Gross profit was $6.6 billion and Net Income was $1.46 billion. Revenue from outside of the United States in the first quarter accounted for 66% of total HP revenue. BRIC countries (Brazil, Russia, India and China) generated revenue of $3.1 billion, down 13% from the year-ago period, and representing
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Grading Summary | These are the automatically computed results of your exam. Grades for essay questions, and comments from your instructor, are in the "Details" section below. | Date Taken: | 5/16/2012 | Time Spent: | 05 min , 36 secs | Points Received: | 36 / 36 (100%) | | Question Type: | # Of Questions: | # Correct: | Multiple Choice | 6 | 6 | | | Grade Details | 1. | Question : | Money markets are markets for ______. | | | Student Answer: | | foreign
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