Business, 25.03.2020 00:12, monnn91351
Coaster manufactures and sells logging equipment. Due to the nature of its business, Coaster is unable to reliably predict bad debts. During 2014, Coaster sold equipment costing $4,800,000 for $7,200,000. The terms of the sale were 20% down, with equal payments due quarterly over the next 3 years. All payments for 2014 were made on schedule. Round answers to two places. Assuming that Coaster uses the installment-sales method of accounting for its installment sales, what amount of realized gross profit will Coaster report in its income statement for the year ended December 31, 2014
Answers: 3
Business, 22.06.2019 22:30, nevejames07
Experts are particularly concerned about four strategic metal resources that are important for the u. s. economy and military strength, and that must be imported. what percentage does the u. s. import? *
Answers: 2
Business, 24.06.2019 08:10, bhhzd7499
1. prepare an income statement in comparative form, stating each item for both years as a percent of sales. round your percentages to one decimal place. enter all amounts as positive numbers. question not attempted. score: 0/76 tri-comic company comparative income statement for the years ended december 31, 20y2 and 20y1 1 20y2 20y2 20y1 20y1 2 amount percent amount percent 3 sales $1,500,000.00 $1,250,000.00 4 cost of goods sold 510,000.00 475,000.00 5 gross profit $990,000.00 $775,000.00 6 selling expenses $270,000.00 $200,000.00 7 administrative expenses 180,000.00 156,250.00 8 total operating expenses $450,000.00 $356,250.00 9 income from operations $540,000.00 $418,750.00 10 other income 60,000.00 50,000.00 11 income before income tax $600,000.00 $468,750.00 12 income tax expense 450,000.00 375,000.00 13 net income $150,000.00 $93,750.00
Answers: 3
Coaster manufactures and sells logging equipment. Due to the nature of its business, Coaster is unab...
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