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
mel-nik [20]
1 year ago
6

What is the average inventory of a business that turns over inventory 10.0 times a year and has a cost of goods sold of $300,000

?
a. $30,000
b. $ 3,000
c. $ 3,000,000
d. $300,010
Business
1 answer:
Nataly [62]1 year ago
5 0

What is the average inventory of a business that turns over inventory 10.0 times a year and has a cost of goods sold of $300,000?

a. $30,000

b. $ 3,000

c. $ 3,000,000

d. $300,010

Inventory is a collection of finished goods or items for manufacture held by a company for business purposes. The company could sell the inventory for profit. That means the products are finished and ready for selling as they are. Alternatively, the company could supply the goods to partner companies for further manufacturing. The products are then transformed or combined to become a different product. It depends on where the company is in the supply chain. Inventory is classed as a company asset. You note it as such on your balance sheet. The costs associated with buying, storing and selling inventory are tax-deductible expenses. The gross profit from the sale of inventory must be declared on your tax return as income. Making note of the expenses you incur from the inventory can lower your income tax amount.

Learn more about inventory here

brainly.com/question/14184995

#SPJ4

You might be interested in
Since moving to the united states, ernesto has established a very successful consulting business that advises u.s. corporations
snow_lady [41]
Slightly intelligent is what the answer is
7 0
3 years ago
Read 2 more answers
Crane Company provided the following information on selected transactions during 2021: Purchase of land by issuing bonds $950000
Alenkasestr [34]

Answer:

$296,000

Explanation:

Consider cash movement in purchase and sale of capital assets only.

<u>Cash flow from investing activities :</u>

Proceeds from sale of equipment                 $296000

Net Cash Provided by investing activities    $296000

therefore,

The net cash provided by investing activities during 2021 is $296000.

5 0
3 years ago
What particular business conditions and/or strategy might make telling or not telling the more advantageous option?
const2013 [10]

Telling employees gain motivates personnel to do their high-quality work. after they realize there are possibilities for advancement, they will do their process to a better standard to electrify those who are looking.

4 everyday business-level strategies emerge from those choices: (1) huge cost management, (2) wide differentiation, (three) targeted cost leadership, and (four) centered differentiation. In rare cases, companies are able to provide both low costs and particular capabilities that customers discover acceptable.

Put clearly, business strategy is a clear set of plans, actions and desires that outlines how a commercial enterprise will compete in a selected market, or markets, with a product or number of products or services.

Learn more about business here: brainly.com/question/24448358

#SPJ4

8 0
2 years ago
E16-4. On January 1.2013, when its $30 par value common stock was selling for $80 per share, Plato Corp. issued $10,000,000 of 8
coldgirl [10]

Answer:

A. Dr Cash Account $10,800,000

Cr To Bonds Payable $10,000,000

Cr To Premium Payable $800,000

B.Dr Bonds Payable account $3,000,000

Dr Premium on bonds payable Debited $2,700,000

Cr To Common Stock $7,500

Cr Additional paid in capital $5,692,500

Explanation:

(a) Preparation of the journal entry to record the original issuance of the convertible debentures

Dr Cash Account $10,800,000

Cr To Bonds Payable $10,000,000

Cr To Premium Payable $800,000

($10,000,000*8/100=$800,000)

(Being issue of share on convertible debenture)

b.Preparation of the journal entry to record the exercise of the conversion option, using the book value method

Dr Bonds Payable account $3,000,000

Dr Premium on bonds payable Debited $2,700,000

Cr To Common Stock $7,500

Cr Additional paid in capital$5,692,500

($3,000,000+$2,700,000-$7,500)

(Being maintain the record of outstanding conversation of debenture)

Calculation for for BONDS CONVERTED

First step is to calculate the amortization for 2013

Amortization for 2013=$10,000,000/20

Amortization for 2013=$500,000

Second step is to calculate the amortization for 2014

Amortization for 2014=$10,000,000/20

Amortization for 2014=$500,000

Third step is to Calculate the premium on bonds payable

Premium on bonds payable=$10,000,000−($500,000+$500,000)

Premium on bonds payable=$9,000,000

Now let calculate the bonds converted

Bonds converted=$9,000,000×30/100

Bonds converted=$2,700,000

Calculation for COMMON STOCK

First step is to calculate the number of bonds

Number of bonds=$10,000,000/1000

Number of bonds=10,000

Second step is to calculate Price for the bond

Price for the bond=10,000×5

Price for the bond=50,000

Third step is to Calculate for Stock Split

Stock Split=50,000/2

Stock Split=25,000

Now let calculate the common stock

Common stock=25,000×30/100

Common stock=7,500

Calculation for BONDS PAYABLE

Bonds Payable=10,000,000×30/100

Bonds Payable=3,000,000

6 0
3 years ago
Read 2 more answers
Liza has found two jobs she is interested in applying for. One job is at a fast food restaurant that pays $8.50/hour for flippin
goldfiish [28.3K]
It doesn't require any skills or special talent to flip burgers.

Hope this helps! :-)
8 0
3 years ago
Other questions:
  • Mary is a new supervisor working with a preexisting staff that has resisted many of the new policies she has put into place. Mar
    5·1 answer
  • Martha Beyerlein Company incurred $150,000 of research and development costs in its laboratory to develop a patent granted on Ja
    11·1 answer
  • Agent John is planning to conduct a series of events. Some will be strictly educational, others will be formal presentations of
    12·1 answer
  • What is consumer sovereignty? a. it is the right of consumers to lodge complaints against fraud and misconduct b. it is the cont
    12·2 answers
  • Which statement is false about the circular-flow diagram? A. Money flows in the direction opposite to goods and services and fac
    13·1 answer
  • Which of these statements is false?
    14·1 answer
  • Assume that the yen/dollar exchange rate quoted in London at 3:00 p.m. is ×120 = $1, and the New York yen/dollar exchange rate a
    10·1 answer
  • Companywide objectives set by the strategic-planning group are more likely to be achieved than those set just by the ceo. (point
    15·1 answer
  • Bill Darby started Darby Company on January 1, Year 1. The company experienced the following events during its first year of ope
    15·1 answer
  • Successful differentiation allows a firm to Multiple Choice attract many more buyers by charging a lower price than rivals and t
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!