A manufacturing company has a beginning finished goods inventory of $14,600, raw material purchases of $18,000, cost of goods manufactured of $32,500, and an ending finished goods inventory of $17,800. The cost of goods sold for this company is:
A company’s prime costs total $3,000,000 and its conversion costs total $7,000,000. If direct materials are $1,000,000 and factory overhead is $5,000,000, then direct labor is:
Ajax Company accumulated the following account information for the year:
Using the above information, total factory overhead costs would be:
A company issues bonds with a par value of $800,000 on their issue date. The bonds mature in 5 years and pay 6% annual interest in two semiannual payments. On the issue date, the market rate of interest is 8%. Compute the price of the bonds on their issue date. The following information is taken from present value tables:
Use the following calendar-year information to prepare David Company’s statement of cash flows using the direct method:
The following information is from Omega Corporation’s balance sheets as of December 31, 2009, and 2010 and its income statement for 2010:
From the above information, calculate the following ratios for 2010:
(a) Inventory turnover.
(b) Accounts receivable turnover.
(c) Return on total assets.(d) Times interest earned.(e) Total asset turnover.