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What is the rate of gross profit on installment sales if a merchandise costing 1500000 on an installment basis is sold for 2000000?
Wiki User
∙ 14y ago
2000000-1500000=500000
500000/20000000=25%
Wiki User
∙ 14y ago
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What is the price range for a champagne cooler?
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If merchandise inventory is bing valued at cost and the purchase price is steadily failing which method of costing will yield the largest net income?
LIFO
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If merchandise inventory is being valued at cost and the price level is steadily rising the method of costing that will yield the highest net income is?
The method of costing that will yield the highest net income is FIFO. FIFO stands for first in, first out.
Define process costing its types features applications?
Job Order Costing Operation Costing Normal Costing Actual Costing Standard Costing Kaizen Costing Target Cost
Is direct costing the same as variable costing?
Variable costing is called marginal costing while direct costing is separate concept.
Is a hospital a job costing or process costing?
a job costing
What is the and purpose of Job Costing Process Costing?
outline the characteristics and purpose of: Job costing and process costing
What is the job costing and give you the example?
Labour costing. Material costing
Is the marginal costing called direct costing?
Yes marginal costing is also sometimes called direct costing.
If you were a candy manufacturer which costing system should you use full absorption costing or variable costing?
full absorption costing
What is the characteristics and purpose of Job Costing and Process costing?
what is the purpose of process costing?
