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Tresset [83]
1 year ago
6

Which of the following is true about goods and services?

Business
1 answer:
Angelina_Jolie [31]1 year ago
3 0
U need to provide the options we can pick from please
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Generally accepted accounting principles require that companies use the ____ of accounting.
White raven [17]

Answer:accrual basis

Explanation: the need the truth on the accounting princess so it has to be to accrual basis

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2 years ago
What can you say about entrepreneur?​
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An entrepreneur is a person who starts a business and is willing to risk loss in order to make money” or “one who organizes, manages, and assumes the risks of a business or enterprise.”
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3 years ago
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Which type of account offers the highest rate of interest? A. regular checking B. money market C. regular savings D. certificate
lina2011 [118]
I would say D.
  
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3 years ago
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Lemony Company made sales of $ 32 comma 200 million during 2018. Cost of goods sold for the year totaled $ 12 comma 880 million.
Aleksandr [31]

Answer:

Gross profit is 60%

Inventory turnover is 4.6 times

Explanation:

The formula to compute the gross profit percentage is shown below:

= (Gross profit ÷ sales) × 100

where,

Gross profit = Sales - the cost of good sold

                   = $32,200 million ÷ $12,880 million

                   = $19,320 million

And, the sales is $32,200 million

Now put these values to the above formula  

So, the percentage would equal to

= ($19,320 million) ÷ ($32,200 million) × 100

= 60%

The formula to compute the inventory turnover is shown below:

= (Cost of goods sold) ÷ average inventory

where,

Average inventory = (Beginning inventory + ending inventory) ÷ 2

                               = ($1,200 million + $1,600 million ) ÷ 2

                               = $900 million

And, the cost of good sold is $12,880 million

Now put these values to the above formula  

So, the turnover would equal to

= $12,880 million ÷ $2,800 million

= 4.6 times

7 0
2 years ago
Help if yk thanks lol
kondor19780726 [428]

Answer:

Nicole has profit $400 ....,.............

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3 years ago
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