(1) the tee company had a $20,000 beginning inventory and a $24,000 ending inventory. and freight-in, $6,000. net sales were $160,000; purchases, $80,000; purchase returns and allowances, $5,000 a)using the cogs formula what is cost of goods sold for the period? b) what is tee’s gross profit percentage (rounded to the nearest percentage)? c) what is tee’s rate of inventory turnover? (2) beavercreek company sold 14,000 jars of its organic honey in the most current year for $15 per jar. the company had paid $10.50 per jar of honey. (assume that sales returns are nonexistent.) calculate the following: a. sales revenue b. cost of goods sold and c. gross profit

The lee family is looking to buy a house in one of two suburban areas just outside of a major city, and air quality is a top priority for them. overall air quality is calculated by taking measures in 100 locations within each suburb and then calculating a measure of central tendency. in one suburb, there is a major bus station that creates very poor air quality at its location but has no impact in the surrounding parts of the suburb. in this situation, which measure of overall suburb air quality would be most useful?

Emily spent her summer vacation in buenos aires, argentina, where she got plastic surgery for a fraction of what it would cost in the united states. this is an example of:

Shelby company produces three products: product x, product y, and product z. data concerning the three products follow (per unit): product x product y product z selling price $ 85 $ 65 $ 75 variable expenses: direct materials 25.50 19.50 5.25 labor and overhead 25.50 29.25 47.25 total variable expenses 51.00 48.75 52.50 contribution margin $ 34.00 $ 16.25 $ 22.50 contribution margin ratio 40 % 25 % 30 % demand for the company’s products is very strong, with far more orders each month than the company can produce with the available raw materials. the same material is used in each product. the material costs $8 per pound, with a maximum of 4,400 pounds available each month. required: a. compute contribution margin per pound of materials used. (round your intermediate calculations and final answers to 2 decimal places.) contribution margin per pound product x $ product y $ product z $ b. which orders would you advise the company to accept first, those for product x, for product y, or for product z? which orders second? third? product x product y product z