Product Line Sales Cost of Sales Gross Margin % Industry Averages New Course Books $1,086,800 $742,567 25.4 Used Course Books 468,200 318,222 32.6 Custom Books 212,222 159,293 25.6 Textbook Rentals 102,323 90,323 22.1 Course Technology 90,600 80,432 11.2 Trade Books 68,400 40,356 24.3 Reference Books 22,330 15,200 31.0 Total Book Sales $2,050,875 $1,446,393 26.5 Total Non-Book Sales $823,578 $612,233 29.7 Total Net Sales $2,874,453 $2,058,626 28.3 Above is a sales report by product line for State University. Perform analytical procedures on State University's Sales accounts by calculating the Gross Margin % by product line and comparing to the industry average. Any differences within 1% of our expectation (industry average) can be accepted without investigation. Mark all product lines that must be investigated further.

Concrete consulting co. has the following accounts in its ledger: cash; accounts receivable; supplies; office equipment; accounts payable; jason payne, capital; jason payne, drawing; fees earned; rent expense; advertising expense; utilities expense; miscellaneous expense. transactions oct. 1 paid rent for the month, $3,600. 3 paid advertising expense, $1,200. 5 paid cash for supplies, $750. 6 purchased office equipment on account, $8,000. 10 received cash from customers on account, $14,800. 15 paid creditors on account, $7,110. 27 paid cash for miscellaneous expenses, $400. 30 paid telephone bill (utility expense) for the month, $250. 31 fees earned and billed to customers for the month, $33,100. 31 paid electricity bill (utility expense) for the month, $1,050. 31 withdrew cash for personal use, $2,500. journalize the following selected transactions for october 2019 in a two-column journal. refer to the chart of accounts for exact wording of account titles

Suppose that a monopolistically competitive restaurant is currently serving 260 meals per day (the output where mr

The following selected circumstances relate to pending lawsuits for erismus, inc. erismus’s fiscal year ends on december 31. financial statements are issued in march 2019. erismus prepares its financial statements according to u.s. gaap. required: indicate the amount erismus would record as an asset, liability, or not accrued in the following circumstances. 1. erismus is defending against a lawsuit. erismus's management believes the company has a slightly worse than 50/50 chance of eventually prevailing in court, and that if it loses, the judgment will be $1,000,000. 2. erismus is defending against a lawsuit. erismus's management believes it is probable that the company will lose in court. if it loses, management believes that damages could fall anywhere in the range of $2,000,000 to $4,000,000, with any damage in that range equally likely. 3. erismus is defending against a lawsuit. erismus's management believes it is probable that the company will lose in court. if it loses, management believes that damages will eventually be $5,000,000, with a present value of $3,500,000. 4. erismus is a plaintiff in a lawsuit. erismus's management believes it is probable that the company eventually will prevail in court, and that if it prevails, the judgment will be $1,000,000. 5. erismus is a plaintiff in a lawsuit. erismus’s management believes it is virtually certain that the company eventually will prevail in court, and that if it prevails, the judgment will be $500,000.