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Zeke Company sells 25,300 units at $17 per unit. Variable costs are $8 per unit, and fixed costs are $37,800. The contribution margin ratio and the unit contribution margin, respectively, are

Which of the following is not true with regard to direct materials for a bakery?

The following information pertains to Diane Company. Assume that all balance sheet amounts represent both average and ending balance figures and that all sales were on credit. Assets Cash and short-term investments $37,046 Accounts receivable (net) 28,014 Inventory 33,142 Property, plant, and equipment 261,564 Total Assets $359,766   Liabilities and Stockholders’ Equity Current liabilities $64,519 Long-term liabilities 89,717 Common stock 141,920 Retained earnings 63,610 Total liabilities and stockholders’ equity $359,766   Income Statement Sales $95,865  Cost of goods sold 38,346  Gross margin $57,519  Operating expenses (22,175) Interest expense (4,793) Net income $30,551    Number of shares of common stock outstanding 6,361 Market price of common stock $29 Total dividends paid $9,000 Cash provided by operations $30,000 What is the return on total assets for Diane Company?

One reason that a common-sized statement is a useful tool in financial analysis is that it enables the user to

Based on the following data for the current year, what is the number of days’ sales in inventory? Sales on account during year $1,204,500 Cost of goods sold during year 657,000 Accounts receivable, beginning of year 75,000 Accounts receivable, end of year 85,000 Inventory, beginning of year 85,600 Inventory, end of year 98,600

Which of the following is not included in the computation of the quick ratio?

The numerator in calculating the accounts receivable turnover is

The visual area of the brain is located in the __________ lobe.

Nuthatch Corporation began its operations on September 1 of the current year. Budgeted sales for the first three months of business September, October, and November are $260,000, $375,000, and $400,000, respectively. The company expects to sell 30% of its merchandise for cash. Of sales on account, 80% are expected to be collected in the month of the sale and 20% in the month following the sale. The cash collections expected in October from accounts receivable are estimated to be

Compute conversion costs given the following data: direct materials, $365,300; direct labor, $203,300; factory overhead, $182,900 and selling expenses, $38,000.