Entries by mary WAMBUGU

There are three problems this week. Click the tabs at the bottom of the spreadsheet to go to problems 2 and 3. Echo Sports Company produces home basketball goal systems consisting of a stand, backboard, rim, and net. The company has sufficient orders and capacity to produce 800 goal systems per month. Manufacturing costs and other costs are shown below:

August 28, 2019 in /by

There are three problems this week. Click the tabs at the bottom of the spreadsheet to go to problems 2 and 3. Echo Sports Company produces home basketball goal systems consisting of a stand, backboard, rim, and net. The company has sufficient orders and capacity to produce 800 goal systems per month. Manufacturing costs and […]

 

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Using vertical analysis (show your calculations), present values for this year and last year: 1) gross profit margin 2) net profit margin (use the last “net income” line on the statement)

August 28, 2019 in /by

Please use the 10-K report (Link below)  Company is COSTCO /> SEC 10-K Project: Statement of Stockholders’ Equity Using vertical analysis (show your calculations), present values for this year and last year:1) gross profit margin2) net profit margin (use the last “net income” line on the statement)3) Comment on changes: Are sales increasingly profitable? How […]

 

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Malloy Company estimates uncollectible accounts using the percentage-of-receivables method and expects that 5 percent of outstanding receivables will be uncollectible for 2015.

August 28, 2019 in /by

Malloy Company estimates uncollectible accounts using the percentage-of-receivables method and expects that 5 percent of outstanding receivables will be uncollectible for 2015. The balance in Accounts Receivable is $200,000, and the allowance account has a $3,000 credit balance before adjustment at year end. The uncollectible accounts expense for 2015 will be _______________.   Looking for […]

 

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On 2015 July 1, Malloy Company purchased equipment for $400,000, and installation and testing costs totaled $40,000.

August 28, 2019 in /by

On 2015 July 1, Malloy Company purchased equipment for $400,000, and installation and testing costs totaled $40,000. The equipment has an estimated useful life of 10 years and an estimated salvage value of $40,000. If Malloy uses the double-declining-depreciation method, the depreciation expense for 2015 is   Looking for a Similar Assignment? Order now and […]

 

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