Which of the following would appear as a line item on the income statements of both a merchandiser and a manufacturer?
A) Direct Labor
B) Cost of Goods Manufactured
C) Direct Materials
D) Cost of Goods Sold
D
Business
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On January 1, a machine with a useful life of five years and a residual value of $3,000 is purchased for $15,000 . What is the depreciation expense in year 3 under straight-line depreciation?
a. $3,000 b. $2,400 c. $7,200 d. $9,000
Business
Marge Brown bought 200 shares of Kenworth $50 par 7% preferred stock at the current market price of $58 per share. What is her rate of yield if Kenworth pays the regular dividend for the year?
Business