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.

If you were running a company, what are at least two things you could do to improve its productivity.

Read the following scenario and answer the question in 5-10 sentences. you are the owner of a small business that is a defendant in a lawsuit in federal court. you received bad news from your lawyer that the judge did not allow certain documents to be admitted as evidence in court and that the jury reached a $50,000 verdict in favor of the plaintiff. your lawyer tells you that it is within your legal right to hire him to file an appeal with the united states court of appeals. if the appellate court rules in your favor, you may be able to avoid paying part or all of the $50,000. evaluate your lawyer’s suggestion about appealing the decision.

Down under products, ltd., of australia has budgeted sales of its popular boomerang for the next four months as follows: unit salesapril 74,000may 85,000june 114,000july 92,000the company is now in the process of preparing a production budget for the second quarter. past experience has shown that end-of-month inventory levels must equal 10% of the following month’s unit sales. the inventory at the end of march was 7,400 units.required: prepare a production budget by month and in total, for the second quarter.