Answer:
The answer is 3.94x. There is no choice given is the correct choice.
Explanation:
We have Inventory turnover time = Cost of goods sold / Inventory balance. Thus, we need to find Cost of good sold and inventory balance as below:
Inventory balance = Current asset - cash balance - account receivable balance = 55,000 - 24,750 - 13,750 = $16,500.
Cost of goods sold = Annual sales x % of cost of goods sold over sales = 100,000 x 65% = $65,000.
Inventory turnover time = Cost of goods sold / Inventory = 65,000 / 16,500 = 3.94x
The answer is 3.94x. Thus, there is no correct answer in the multiple choice given out.
Answer:
Hello your question is incomplete attached below is the complete question
answer : consolidated Total sales = $1008000
Explanation:
Determine the consolidated totals for sales
to get the consolidated totals for sales we have to add up the two book values then subtract $92000 ( which is the entity transfers )
Consolidated Total sales = ($70000 + $400000 ) - $92000
= $1100000 - $92000 = $1008000
Answer:
C)
Explanation:
an options account this can also do
Answer:
accuracy
Explanation:
<h2><u>Fill in the blanks </u></h2>
Managers should attempt to collect and use all available information in the organization's planning process. This emphasizes the <u>accuracy </u> aspect of planning.