Question 24 Bender Company purchased a machine for $35,000 in 2015. As of 12/31/2018, $18,000 of accumulated depreciation had been recognized against the machine. A similar model of machine retails for $39.000 in 2019. What is the machine's net book value on 12/31/2019? o $4,000 O $11,000 O $35,000 o $17,000 Question 25 Ras Laboratory purchased a fume hood for $12,000 on January 1, 2016. As of December 31,20 $7,000 of accumulated depreciation had been recorded related to this fume hood. The fume hoog was sold to another laboratory for $4,000 on January 1, 2020. On the sale of this fume hood, the company should recognize: O a loss of 1,000 a loss of 5,000 O a loss of 8,000 a loss of 4,000 Question 26 Which of the following cash flows would NOT be included in the operating section of the cash flow statement for a manufacturing company following U.S. GAAP? O cash paid for interest cash received in advance for special order goods cash proceeds from disposal of machinery cash paid to a vendor for raw materials Question 27 Which of the following cash flows would be included in the investing section of the cash flow statement for a manufacturing company following U.S. GAAP? o cash paid to buy thew machines cash paid to a vendor for office supplies cash contributed by an owner O cash paid for employee salaries Question 28 Flick's Bookstore has an inventory turnover of 30, an accounts receivable turnover of 24, and an accounts payable turnover of 45. Flick's uses 360 as the number of days in the year. What is the length of its cash conversion cycle? 99 O 35 O 19 O 11 = 950,000 Calculate the gross profit margin for Blanca's Books Unlimited based on its income statement. Round your answer to two decimal places. 95.000 Revenue 855,000 Cost of Sales Gross Profit 52,000 91,000 Marketing and Sales 143,000 General and Administrative 712,000 Total Operating Expenses Operating Income 22,000 690,000 Interest Expense Income Before Taxes 28,000 Income Tax Expense 662,000 Net Income Hide Stop sharing LUULEUR 950,000 Calculate the gross profit margin for Blanca's Books Unlimited based on its income statement. Round your answer to two decimal places. 95,000 Revenue 855,000 Cost of Sales Gross Profit 52,000 91,000 Marketing and Sales 143.000 General and Administrative 712.000 Total Operating Expenses Operating Income 22,000 690,000 Interest Expense Income Before Taxes 28,000 Income Tax Expense 662,000 Net Income Question 32 Boston Beer Co, a new beer retailer, uses the periodic method of inventory management. At the beginning of April 2020, Boston Beer Co had 500 cases of beer, for which it had paid $5 per case. During the month, Boston Beer Co purchased 42 more cases, also for $5 per case. At the end of the month, a physical count revealed that 12 cases remained in inventory. Assume no cases were lost or stolen. What would Boston Beer Co record as cost of goods sold on its books for the month of April? Round your answer to the nearest whole dollar. N 1 D Question 30 Griffin Consulting Firm reported the following information on its 2019 income statement: 12.000 interest expense 36,000 income tax expense 180,000 wnet income What is the company's interest coverage ratio for 2019? 0 15 0 20 0 19 O 18