Piedmont Beverages, Inc. Income Statements for the Years Ended 12/31 2021 2020 (000's omitted) Year 2 % of Sales Year 1 % of Sales % Change Net Sales 240,000 100.00% 210,000 100.00% 14.29% Cost of Goods Sold 137,000 57.08% 104,000 49.52% Gross Margin 103,000 42.92% 106,000 50.48% Other Expenses Selling And Administrative 60,000 54,000 Other Expenses 15,000 12,500 Total Other Expenses 75,000 66,500 Income Before Taxes Income Taxes 7,000 9,875 Net Income Ratios for 2021 (Year 2) - use formulas: Current ratio Quick Ratio (Acid-Test) A/R turnover Average

Maldonia has a comparative advantage in the production of , while lamponia has a comparative advantage in the production of . suppose that maldonia and lamponia specialize in the production of the goods in which each has a comparative advantage. after specialization, the two countries can produce a total of million pounds of lemons and million pounds of coffee.

The cutting department of cassel company has the following production and cost data for july. production costs 1. transferred out 12,300 units. beginning work in process $0 2. started 3,900 units that are 60% materials 62,856 complete as to conversion labor 12,622 costs and 100% complete as manufacturing overhead 23,100 to materials at july 31. materials are entered at the beginning of the process. conversion costs are incurred uniformly during the process. determine the equivalent units of production for (1) materials and (2) conversion costs. materials conversion costs total equivalent units of production link to text link to text compute unit costs. (round unit costs to 2 decimal places, e.g. 2.25.) materials $ conversion costs $ link to text link to text prepare a cost reconciliation schedule. (round unit costs to 2 decimal places, e.g. 2.25 and final answers to 0 decimal places, e.g. 1,225.) cost reconciliation costs accounted for transferred out $ work in process, july 31 materials $ conversion costs total costs $

Cynthia is a hospitality worker in the lodging industry who prefers to cater to small groups of people. she might want to open a