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soldier1979 [14.2K]
3 years ago
7

The following information is for Chambersburg Corp. for 2018 and 2017. Chambersburg uses the straight-line depreciation method.

Business
1 answer:
photoshop1234 [79]3 years ago
6 0
Gghjuuujh handkerchiefs 2.5
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What is the company’s financial position? Please refer to the income statement and balance sheet for the Exceptional Service Gra
LuckyWell [14K]

Answer:

Gross profit margin requires revenue and gross profit of the company.

Current ratio = 1.386 x

Debt ratio = 0.123 x

Explanation:

Gross profit margin requires revenue and gross profit of the company which is provided in the question but it can be calculated using this formula ; Total revenue / gross profit . where Gross profit = Revenue - cost of goods sold

Current ratio is calculated using the formula ; current assets/ current liabilities lets assume the left column is for the most recent year then current ratio =  4612200/3325950 = 1.386x

Debt ratio is calculated using the formula ; total debts/total assets lets assume once more that the left column is the most recent year. note; total debts = long term + current notes payable  = 454800 + 277550

therefore debt ratio = 732350 / 5957800 = 0.123x

attached is the income statement and balance sheet

8 0
3 years ago
Which type of product would most likely need careful planning and cultural
docker41 [41]

Answer: A. movies

Explanation: when being made, movie makers take in consideration, all ages who could be watching this, what type of people are watching, and what kind of cultures are included in the making of the movie. They don't want to be sued for stereotypes, bias, and or degrading material.

Hope this helps :)

8 0
3 years ago
Read 2 more answers
The approved detail design resulting from the __________ serves as a basis for making the decision to begin production. Systems
wel

Answer: Critical Design Review

Explanation:

A Critical Design Review is referred to as a review that's fine in order o ensure that a system can be able to move into fabrication, and test and also ensure that the stated performance requirements are met.

The approved detail design resulting from the critical design review serves as a basis for making the decision to begin production.

3 0
3 years ago
I have uploaded data (PCE-PDI.xls) for the US total personal consumption expenditures and total disposable income from 1971:1 to
Kryger [21]

Answer:b

Explanation:

5 0
3 years ago
Store A uses the newsvendor model to manage its inventory. Demand for its product is normally distributed with a mean of 500 and
hram777 [196]

15.9% is its stock out probability if Store A’s order quantity is 800 units

Solution:

z-score = \frac{(Order quantity-Mean)}{Standard deviation}

             = (800-500)/300 = 1

So , in-stock probability = NORM.S.DIST(1,TRUE) = 0.841345

Hence stock-out probability = 1 - 0.841345

                                               = 0.158655

                                               = 15.9% (Approximately)

8 0
4 years ago
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