The business executives were further complicating a situation that was even that complicated to begin with. Tribal elder or not, the business executives were informed that the man was a tribal elder, thus following through with the gift giving customs. This type of act walks hand and hand with the philosophy behind sending something a card. This act should be seen as an act of respect and continued growth, nothing more. This gift should not have been foreseen as an unethical compromise of any <span>kind, but rather a token of appreciation.
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Answer:Internal validity
Explanation: Internal validity is a term used in research to describe how well experiments or researches are done, it is usually used to shows whether it avoids confounding, The less chance for confounding in a study, the higher its internal validity.
Internal validity tends to show the soundness of an experiment or research, it also shows how many Confounding variables you have in your experiment or research.
Answer:
The correct answer is 408,000 units
Explanation:
Computing the finished goods units to be produced during quarter is as:
= Desire units - Beginning inventory units
where
Desire units is 3,000
Beginning inventory units is 1,000
So,
=3,000 units - 1,000 units
= 2,000 units
Now, computing the finished goods units as:
Finished goods units = 2,000 units + Sales budgeted for the quarter
Finished goods units = 2,000 units + 406,000 units
Finished goods units = 408,000 units
NOTE: It should be 408,000 not 40800.
Answer:
Year 2014 Year 2013
a) Inventory Turnover ratio 3.4 times and 3.1 times
b) Number of days' sales in inventory 107.3 days and 117.7 days
Explanation:
As per the data given in the question,
As we know that
Inventory turnover ratio = Cost of goods sold ÷ Average inventory
where,
Average inventory
= (Beginning inventory + ending inventory) ÷ 2
For Year 20Y4 :
Average inventory = ($359,160 + $516,840 ) ÷2
= $438,000
And, the cost of goods sold is $1,489,200
So,
Inventory Turnover ratio
= $1,489,200 ÷ $438,000
= 3.4 times
For Year 20Y3 :
Average inventory = ($251,120 + $359,160) ÷ 2
= $305,140
And, the cost of goods sold is $945,934
So,
Inventory Turnover ratio
= $945,934 ÷ $305,140
= 3.1 times
Now
Number of days' sales in inventory = Number of days in a year ÷ Inventory Turnover ratio
For 20Y4
= 365 days ÷ 3.4
= 107.3 days
For 20Y3
= 365 days ÷ 3.1
= 117.7 days
Basically we applied the above formulas
Answer with its Explanation:
Transaction 1: The purchase of equipment is increase in the fixed assets and as the amount paid is in cash, the decrease in cash asset will also be with the same amount. This means the net effect on assets will be zero.
Accounting Equation is given as under:
Fixed Assets + Current Asset = Equity + Liability
Equipment 318,770 - Cash $318,770 = Zero Net Effect
Transaction 2: The increase in the equity will increase the current asset as well here, which means:
Fixed Assets + Current Asset = Equity + Liability
Current Assets + $139,050 = Issued common stock + $139,050
Transaction 3: The purchase of inventory on account means that the current asset would be increased and the payables will increase with the same amount. The effect on the accounting equation is given as under:
Fixed Assets + Current Asset = Equity + Liability
Current Asset + $70,94 = Current liabilities + $70,940
