Business, 24.12.2021 05:20 photagraphykid
Based on the following data for the current year, what is the inventory turnover? Sales on account during year $536,753 Cost of goods sold during year 165,711 Accounts receivable, beginning of year 42,403 Accounts receivable, end of year 54,594 Inventory, beginning of year 30,068 Inventory, end of year 38,200 Do not round interim calculations. Round your final answer to one decimal place. a.23.2 b.4.9 c.1.2 d.3.2
Answers: 3
Business, 22.06.2019 08:30
Which of the following is an example of search costs? a.) driving to a faraway place to find available goods b.) buying goods in some special way that is outside the normal channels c.) paying a premium cost for goods d.) selling extra goods for a discount price
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Business, 22.06.2019 10:30
Which analyst position analyzes information using mathematical models to business managers make decisions? -budget analyst -management analyst -credit analyst -operations research analyst
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Business, 22.06.2019 11:40
The following pertains to smoke, inc.’s investment in debt securities: on december 31, year 3, smoke reclassified a security acquired during the year for $70,000. it had a $50,000 fair value when it was reclassified from trading to available-for-sale. an available-for-sale security costing $75,000, written down to $30,000 in year 2 because of an other-than-temporary impairment of fair value, had a $60,000 fair value on december 31, year 3. what is the net effect of the above items on smoke’s net income for the year ended december 31, year 3?
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Business, 22.06.2019 15:20
Record the journal entry for the provision for uncollectible accounts under each of the following independent assumptions: a. the allowance for doubtful accounts before adjustment has a credit balance of $500. b. the allowance for doubtful accounts before adjustment has a debit balance of $250. c. assume that octoberʼs credit sales were $70,000. uncollectible accounts expense is estimated at 2% of sales. smith, gaylord n.. excel applications for accounting principles (p. 51). cengage textbook. kindle edition.
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Based on the following data for the current year, what is the inventory turnover? Sales on account d...
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