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ella [17]
3 years ago
9

Use the following selected information from Whitman Corp. to determine the Year 1 and Year 2 common size percentages for cost of

goods sold using Net sales as the base.
Year 2 Year 1
Net sales $276,200 $231,400
Cost of goods sold 151,900 129,590
Operating expenses 55,240 53,240
Net earnings 27,820 19,820
Business
1 answer:
il63 [147K]3 years ago
6 0

Answer:

Year 1 56%

Year 2 55%

Explanation:

Calculation to determine the Year 1 and Year 2 common size percentages for cost of goods sold using Net sales as the base.

Year 1

Using this formula

Common size percentage for cost of goods sold for year 1 = Cost of good sold/Net sales

Let plug in the formula

Common size percentage for cost of goods sold for year 1= 129,590/231,400

Common size percentage for cost of goods sold for year 1= 56%

Year 2

Using this formula

Common size percentage for cost of goods sold for year 2 = Cost of good sold/Net sales

Let plug in the formula

Common size percentage for cost of goods sold for year 2 = 151,900/276,200

Common size percentage for cost of goods sold for year 2 = 55%

Therefore the Year 1 and Year 2 common size percentages for cost of goods sold using Net sales as the base is :Year 1 56% and Year 2 55%

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Answer:

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3 years ago
In long-run equilibrium, a purely competitive firm will operate where price is:
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Answer:

D. equal to MR, MC, and minimum ATC.

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__B___ 6. Auto mechanic

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3 years ago
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7 0
3 years ago
Read 2 more answers
Great Subs Inc., a regional sandwich chain, is considering purchasing a smaller chain, Eastern Pizza, which is currently finance
tatuchka [14]

Answer:

WACC 13.85600%

Explanation:

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beta(non diversifiable risk) = 2

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