Thompson tv and appliance reported the following in its 2016 financial statements: 2016 sales $420,000 cost of goods sold: inventory, january 1 82,000 net purchases 340,000 goods available for sale 422,000 inventory, december 31 86,000 cost of goods sold 336,000 gross profit $ 84,000 thompson's 2016 gross profit ratio is:

a. 20%.
b. 25%.
c. 19%.
d. none of these is correct.

The relationship requirement for qualifying relative requires the potential qualifying relative to have a family relationship with the taxpayer. t or fwhich of the following is not a from agi deduction? a.standard deductionb.itemized deductionc.personal exemptiond.none of these. all of these are from agi deductions

1. is the act of declaring a drivers license void and terminated when it is determined that the license was issued through error or fraud.

Bandar industries berhad of malaysia manufactures sporting equipment. one of the company’s products, a football helmet for the north american market, requires a special plastic. during the quarter ending june 30, the company manufactured 35,000 helmets, using 22,500 kilograms of plastic. the plastic cost the company $171,000. according to the standard cost card, each helmet should require 0.6 kilograms of plastic, at a cost of $8 per kilogram. 1. what is the standard quantity of kilograms of plastic (sq) that is allowed to make 35,000 helmets? 2. what is the standard materials cost allowed (sq x sp) to make 35,000 helmets? 3. what is the materials spending variance? 4. what is the materials price variance and the materials quantity variance?