You answer would be: <span>awareness</span>
Answer:
The answer is General Forge and Foundry Company selling and replacing its inventory 2.55 times per year on average.
Explanation:
We have:
The company cost of good sold = Sales x 65% = 100,000 x 65% = $65,000
The company inventory = Total current asset - Cash - Account Receivable = 85,000 - 38,250 - 21,250 = $25,500
=> Inventory turn over ratio = Cost of good sold / Inventory = 65,000/25,500 = 2.55 times or the company is selling and replacing its inventory 2.55 times per year.
So, the answer is 2.55 times.
Audit fraud
Explanation:
The process whereby a firm inflates sales or earnings or deflates expenses in its financial reporting is called a fraud. The firm is engaging in a fraudulent process.
- Most times, a company income statement is used in reporting sales, earnings and expenses.
- It is one key and important financial tool a company possesses.
- When the figures in this tool is altered, it is right to call in a fraud.
- Fraud is the deliberate act of concealing or altering facts in order to represent a person, or company well.
- The act described in this problem is a typical case of fraud.
- An auditor is trained to figure out this kind of act in a company's financial record.
Learn more:
Fraud brainly.com/question/2551027
#learnwithBrainly
Answer:
<em>Ted's = 10/15 </em>
<em>= 2/3 = 0.67</em>
<em>Tom's = 6/8 </em>
<em>= 3/4 = 0.75</em>
Explanation:
The <em>opportunity cost </em>of washing a car in each case = No. of cars waxed by each / No. of cars washed by each
Hence, <em>Ted's opportunity cost of washing a car</em> = 10/15
= 2/3 = 0.67
And similarly, <em>Tom's opportunity cost of washing a car</em> = 6/8
= 3/4 = 0.75
<em>Thus, for washing 1 car Ted gives 0.67 portion of waxing of Car and Tom gives 0.75 portion of waxing of Car. </em>
This is completely an opinion question, it would be best for you to think of your own business.
