Net sales for the year were $750,000 and cost of goods sold was $480,000 for the company’s existing products. a new product is presently under development and will have an expected selling price of not more than $62 per unit in order to remain competitive with similar products in the marketplace. required: . calculate gross profit and the gross profit ratio for the year.

Which of the following best describes the economic effect that results when the government increases interest rates and restricts the lending of money? a. borrowing money becomes more expensive and there is less investment in production. b. the economy grows as investments result in larger profits. c. government spending drives up prices because of greater competition for goods and services. d. consumers save more money and spend less buying goods and services.

land, a building and equipment are acquired for a lump sum of $ 1,000,000. the market values of the land, building and equipment are $ 300,000, $ 800,000 and $ 300,000, respectively. what is the cost assigned to the equipment? (do not round any intermediary calculations, and round your final answer to the nearest dollar.)

Why are there so many types of diversion programs for juveniles