Chapter 4, Problem 2CA

What is the amount of the company net income or loss?

Kitty Manufacturing has the following data: Beginning Finished Goods Inventory = $10,200 Raw Material Purchases = $22,500 Cost of Goods Manufactured = $33,000 Ending Finished Goods Inventory = $12,300 What is the cost of goods sold for Kitty Manufacturing?

Ans ?? General Accounting question

General accounting

Manufacturing overhead is ???

Compute the manufacturing overhead rate for the year.

What is the total manufacturing overhead cost for this general accounting question?

What is the opereting cash flow. Provide answer please

Litan Corp. has $450,000 of assets, and it uses only common equity capital (zero debt). Its sales for the last year were $850,000, and its net income after taxes was $32,500. The stockholders recently voted in a new management team that has promised to lower costs and get the return on equity up to 18%. What profit margin would Litan Corp. need in order to achieve the 18% ROE, holding everything else constant?