Galaxy Company had net sales of $150,000 in its first year and $189,500 in its second year.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 77% (9 reviews)
189500 1...View the full answer
Answered By
Kainat Shabbir
i am an experienced qualified expert with a long record of success helping clients overcome specific difficulties in information technology, business and arts greatly increasing their confidence in these topics. i am providing professional services in following concerns research papers, term papers, dissertation writing, book reports, biography writing, proofreading, editing, article critique, book review, coursework, c++, java, bootstarp, database.
5.00+
184+ Reviews
255+ Question Solved
Related Book For
Financial and Managerial Accounting the basis for business decisions
ISBN: 978-0078111044
16th edition
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
Question Posted:
Students also viewed these Managerial Accounting questions
-
Last year, Dogwood Company had net sales of $9,375,000 and cost of goods sold of $4,812,000. Dogwood had the following balances: Required: Round answers to one decimal place. 1. Calculate the average...
-
Last year, Dogwood Company had net sales of $9,375,000 and cost of goods sold of $4,812,000. Dogwood had the following balances: Required: Round answers to one decimal place. 1. Calculate the average...
-
Alejandra Company had net sales of $850,000. Alejandra had the following balances: Required: Round answers to one decimal place. 1. Calculate the average accounts receivable. 2. Calculate the...
-
The article Mutational Landscape Determines Sensitivity to PD-1 Blockade in Non-Small Cell Lung Cancer (Science, 3 April 2015) described a study of 16 cancer patients taking the drug Keytruda. For...
-
The outer surface of a steel gear is to be hardened by increasing its carbon content. The carbon is to be supplied from an external carbon-rich atmosphere, which is maintained at an elevated...
-
Explain with examples the major differences between a company limited by shares (such as JB Hi-Fi Ltd) and a proprietary company such as Simply Scarves Pty Ltd.
-
Should medical advice be dispensed on the telephone? Explain your opinion.
-
On January 1, 2017, Prasad SpA had the following equity accounts. Share Capital-Ordinary (25 par value, 48,000 shares issued and outstanding)....1,200,000 Share...
-
1.Assume that the equilibrium wage rate is 50AED in the labour market. 2.Discuss what happens if the government introduces a minimum wage of 30AED. 3.Discuss what happens if the government introduces...
-
An eight-station rotary indexing machine performs the machining operations shown in the accompanying table, together with processing times and breakdown frequencies for each station. The transfer...
-
Prince Company had net income of $45,500 in a year when its stockholders' equity averaged $450,000 and its total assets averaged $2,500,000. Calculate the company's return on equity for the period?
-
A French furniture maker agrees to purchase wood stain from a U.S. paint manufacturer. If all payments are to be made in U.S. dollars, which company bears the risk of exchange rate gains and losses?
-
In each of the following cases, identify whether the U.S. dollar is overvalued or undervalued: a. The fixed exchange rate is \($2\) 5 1, and the equilibrium exchange rate is \($3\) 5 1. b. The fixed...
-
With the addition of temporary accounts, the basic accounting equation can be expressed as follows: Owner's Equity Assets = Liabilities + Owner's Capital- Withdrawals + Revenue - Expenses Using the...
-
1) Describe 3 US government regulations that can force businesses to manage their cybersecurity at a certain level. Explain why these regulations are necessary? 2) Describe the possible conflicts...
-
Music Planet Limited has had declining sales as more and more media are being presented online rather than on CD or DVD. It diversified its business by moving into backup systems but is still having...
-
how merchandising operations involves buying and selling goods for profit. It's fascinating to see how companies strategically manage their inventory, pricing, and promotions to attract customers and...
-
You are asked to assist with a "fender bender" case in which the client obtained superficial injuries. She only suffered a few scratches, bruises, and whiplash. Luckily, her injuries did not require...
-
When non-strategic investments are accounted for using the fair value method, when should investment income be recognized?
-
A line l passes through the points with coordinates (0, 5) and (6, 7). a. Find the gradient of the line. b. Find an equation of the line in the form ax + by + c = 0.
-
Compare the characteristics of an LLC with those of a partnership and a C-corporation.
-
Discuss the pros and cons of an S-corporation compared with a C-corporation.
-
You have started a business that sells a home gardening system that allows people to grow vegetables on the countertop in their kitchens. You are considering two options for marketing your product....
-
The bank reconciliation for Widgets Inc. included the following items: $30 bank service charge; NSF check of $275; bank error of $30; EFT collection from a customer for $2,335. Based on the...
-
Simon Company's year-end balance sheets follow. At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity...
-
A simply supported girder bridge is to support vehicular loads. It is anticipated that the worst load will come from a three-axle truck shown in Figure I below. Assuming the self-weight of the girder...
Study smarter with the SolutionInn App