The following is a summary of information presented on the f…

The following is a summary of information presented on the financial statements of a company on December 31, 20X9. Account 20X9 20X8 Net Sales Revenue $607,000  $503,000  Cost of Goods Sold 457,000  403,000  Gross Profit 150,000  100,000  Selling Expenses 56,000  52,000  Net Income Before Income Tax Expense 94,000  48,000  Income Tax Expense 37,000  20,000  Net Income $57,000  $28,000  With respect to net sales revenue, a horizontal analysis reveals ________.

Kiwi, Inc. provides the following information for 20X8: Ne…

Kiwi, Inc. provides the following information for 20X8: Net income $270,000  Market price per share of common stock $70 per share Dividends paid $190,000  Common stock outstanding at Jan. 1, 2018 160,000 shares Common stock outstanding at Dec. 31, 2018 210,000 shares The company has no preferred stock outstanding. Calculate the price/earnings ratio of common stock.

This graphic depicts a production process that breaks the ma…

This graphic depicts a production process that breaks the manufacture of a good into steps completed in a pre-defined sequence. The parts are added in sequence, moving from workstation to workstation until the final product is completed. This process is called _____________ Mass production