XYZ Corp. had total sales of $1,200 million for fiscal year 2022. The company's gross profit ratio for that year was 40%. Calculate: Gross Profit Cost of Goods Sold (COGS)

Montclair Textiles uses the weighted average method for inventory costs and had the following information available for the year: • Beginning Work in Process (45% complete, $4,100) = 500 units Ending Inventory of Work in Process (80% complete) = 570 units Total units started during the year = 5,600 units What is the number of units transferred to finished goods during the year?

Horizon Inc. had the following transactions during the month of July 2020: Cash received from a bank loan was $50,000. Dividends of $15,000 were paid to stockholders in cash. Revenues earned and received in cash amounted to $120,000. Expenses incurred and paid were $85,000. What amount of net income will be reported on the income statement for July? A) $120,000 B) $85,000 C) $35,000 D) $15,000

Please answer the following requirements on these accounting question

financial accounting question

Lambert Manufacturing uses a predetermined overhead rate of $20.50 per direct labor hour. This predetermined rate was based on a cost formula that estimates $252,500 of total manufacturing overhead for an estimated activity level of 12,300 direct labor hours. The company incurred actual total manufacturing overhead costs of $246,000 and 11,700 total direct labor hours during the period. Determine the amount of underapplied or overapplied manufacturing overhead for the period.

General accounting

Your firm has net income of $420 on total sales of $1,600. Costs are $900, and depreciation is $150. The tax rate is 28%. The firm does not have interest expenses. What is the operating cash flow (OCF)? A) $570 B) $560 C) $420 D) $600

At the end of the year, Tech Solutions Inc. reported total assets of $200,000 and total liabilities of $85,000. What is the total equity for Tech Solutions Inc. at year-end? A) $285,000 B) $115,000 C) $85,000 D) $200,000