1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
NARA [144]
2 years ago
8

On common size balance sheets, Company A's inventory is 8% and Company B's inventory is 14%. What do just these two percentages

tell you?
Business
1 answer:
uysha [10]2 years ago
7 0

On common-size balance sheets, Company B is better at turning its stock than Company A.The reason, that organization B has an excessive stock turnover ratio is the stock of the employer is properly controlled than the employer A. sales might be much less in agency A.

A balance sheet gives you a photograph of your enterprise's monetary role at a given point in time. along with an earnings declaration and a cash float announcement, a balance sheet can assist enterprise owners to evaluate their organization's financial status.

In financial accounting, a balance sheet is a summary of the economic balances of a character or employer, whether or not it be a sole proprietorship, a business partnership, an organization, a personal limited enterprise, or a different corporation consisting of authorities or now not-for-earnings entity.

A balance sheet affords a picture of a business' fitness at a factor in time. it's far a precis of what the enterprise owns (assets) and owes (liabilities). stability sheets are normally organized at the close of an accounting period together with month-stop, sector-stop, or year-stop.

Learn more about the balance sheets here: brainly.com/question/1113933

#SPJ1

You might be interested in
on july 1, 2024, a company acquired equipment. the company paid $187,500 in cash on july 1, 2024, and signed a $750,000 noninter
MAXImum [283]

$700,935 and debit discount on notes payable a working year is the correct answer among the group of choices.

<h3>What are debits exactly?</h3>

A debit is an accounting system item that demonstrates a gain in assets and a decrease in liabilities. Debits and credits are the two categories into which the entries fall in basic accounting. Debits are always offset by credit entries.

<h3>Is debit debt or credit?</h3>

A credit increases the balance in a liabilities account whereas a debit decreases it. In this manner, the credit for the loan would equal the debit for the cash on hand account, increasing the long-term debt account by the same amount.

To know more about Debit visit:

brainly.com/question/12269231

#SPJ4

5 0
1 year ago
HELP ASAP !
nevsk [136]
I would think shoes because it’s the only one that can be produced.
5 0
3 years ago
Read 2 more answers
On january 11, 2016, hughes company applied for a trade name. Legal Costs associated with the application were $20,000. In Jan.
wlad13 [49]

Answer:

1. Ending Carrying value value in 2016 = legal cost for application which is $20,000

Ending Carrying value in 2017 = legal cost of application in 2016 + legal fees incurred in 2017 = $20,00 + $8000= $28,000

2. The company should not amortize the trade as it was not impaired in 2016 and 2017.

The trade name can be amortized if it's useful life is known above which the company has determined that it will not use the trade name anymore, then it will be amortized over it's useful life.

6 0
3 years ago
Which of the following items are allowed when calculating an individual taxpayer's alternative minimum tax?a. Standard deduction
blsea [12.9K]

Answer:

The correct answer is letter "D": All of the above.

Explanation:

Alternative Minimum Tax (AMT) is an action taken by the Internal Revenue Service (IRS) to encourage every taxpayer to pay at least the minimum amount possible out of the income received. This includes a series of deductions that are not limited to <em>standard deductions</em>, <em>personal exemptions, medical and dental expenses, charitable donations, qualified taxing interest, </em>and <em>casualty losses</em>.

6 0
2 years ago
The adjusted trial balance of Sunland Company shows these data pertaining to sales at the end of its fiscal year, October 31, 20
sveta [45]

Answer and Explanation:

The preparation of the sales section of the income statement is presented below:

<u>Income Statement </u>

<u>For the year ended </u>

Sales  

Sales revenue  $903,400

Less:  

Sales Discount  $15,400  

Sales return & allowances  $22,000  

Net Sales         $866,000

hence the net sales is $866,000

The freight out would not be considered. Hence, ignored it

7 0
2 years ago
Other questions:
  • Last year Ann Arbor Corp had $195,000 of assets (which equals total invested capital), $305,000 of sales, $20,000 of net income,
    7·1 answer
  • The industrialized economies in the ________ stage of Rostow's five-stage model of economic development focus more on low-cost m
    14·1 answer
  • Firms can use strategic alliances to change the industry structure in their favor. For example, firms frequently use strategic a
    12·1 answer
  • There are three components to dr. juran's process improvement strategy, known as the _____________ : planning, control, and impr
    7·1 answer
  • Which of the following statements is true of the current ratio? The larger the current ratio, the harder it is for the firm to p
    12·1 answer
  • A "specific" factor of production is: A) critical to the production of the good or service B) not transferable to other types of
    7·1 answer
  • Pension data for Sterling Properties include the following: ($ in thousands) Service cost, 2021 $ 112 Projected benefit obligati
    15·1 answer
  • If the federal reserve overstimulates the economy by increasing money growth too much, then inflation will?
    8·1 answer
  • A loan originatro convinces an appraiser to fincresse the valuation on a home tht the originator's friend is trying to buy is th
    5·1 answer
  • The first mall in mumbai, india​ was successful. Builders proceeded to construct three more right away. However, they have more
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!