Question
1. -What is the Profit Margin for the division below? You must show your work. Computer Division Sales Revenue $250,000 Operating Income $12,000 Average Assets
1.
-What is the Profit Margin for the division below? You must show your work.
| Computer Division | ||
| Sales Revenue | $250,000 | |
| Operating Income | $12,000 | |
| Average Assets | $400,000 | |
2.
Penguin Company expects total sales of $600,000 for December, $500,000 for January and $450,000 for February.
Assume the sales are collected as follows:
50% in the month of the sale
30% in the month after the sale
20% two months after the sale
What is the total Cash Collections expected in Februrary?
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Forensic And Investigative Accounting
Authors: Larry Crumbley, Lester E. Heitger, G. Stevenson Smith
4th Edition
0808021435, 9780808021438
