Net sales for the year were $750,000 and cost of goods sold was $480,000 for the company’s existing products. a new product is presently under development and will have an expected selling price of not more than $62 per unit in order to remain competitive with similar products in the marketplace. required: . calculate gross profit and the gross profit ratio for the year.

Sam and diane are completing their federal income taxes for the year and have identified the amounts listed here. how much can they rightfully deduct? • agi: $80,000 • medical and dental expenses: $9,000 • state income taxes: $3,500 • mortgage interest: $9,500 • charitable contributions: $1,000.

Need today! will get brainliest for right answer! compare and contrast absolute advantage and comparative advantage.

Evan company reports net income of $232,000 each year and declares an annual cash dividend of $100,000. the company holds net assets of $2,130,000 on january 1, 2017. on that date, shalina purchases 40 percent of evan's outstanding common stock for $1,066,000, which gives it the ability to significantly influence evan. at the purchase date, the excess of shalina’s cost over its proportionate share of evan’s book value was assigned to goodwill. on december 31, 2019, what is the investment in evan company balance (equity method) in shalina’s financial records?