The total account Dept as of the statement date is known as the balance.
Answer:
Payable days
= Accounts payable/Cost of goods sold x 365 days
= $17 million/$135 million x 365 days
= 46 days
Explanation:
Payable days could be calculated as the ratio of accounts payable and cost of goods sold multiplied by number of days in a year. Accounts payable in the current year is $17 million and cost of goods sold amounted to $135 million.
Answer:
Capacity may be expanded or contracted as necessary without affecting fixed costs.
Explanation:
If a firm accepts a special-order, it will do so because the increased production costs will be lower than the extra revenue from the sale.
Production costs rise because special-order decisions usually involve large-volume sales at a lower price. This higher output requires the use of more inputs, and those inputs are variable costs.
For example, suppose a car factory sales on average 1,000 cars per month. The factory has the right amount of workers, and uses the right amount of energy, to produce 1,000 cars per month. The next month, a client order 5,000 cars in just one month, and the factory accepts the special-order. Variable costs energy and wages will rise.
Answer:
the management of large amounts of money, especially by governments or large companies.
Explanation:
It's just common sense.
Answer and Explanation:
The computation is shown below:
Profit margin = Net income ÷ Net sales
= $42,720 ÷ $267,000
= 16%
Now the gross profit rate is
But before that the gross profit is
Gross profit = Net sales - Cost of goods sold
= $267,000 - $160,200
= $106,800
Now Gross profit rate is
= Gross profit ÷ Net sales
= $106,800 ÷ $267,000
= 40%
