Answer:
Jake should shear the llamas.
Explanation:
Latasha can shear the llamas in 1 hour.
Jake takes 6 hours to shear the llamas.
Latasha earns $120 per hour as a lawyer, while Jake earns $15 per hour as a barber.
Latasha can either earn $120 in an hour or shear a llama.
In 6 hours Jake can earn either shear a llama or earn
= 
= $90
The opportunity cost of shearing llamas is high for Latasha ($120) while, it is lower for Jake ($90). So, Jake should shear the llamas.
Mary parker co. invested $15,000 in abc corporation and received common stock in exchange. mary parker co.'s journal entry to record this transaction would include a: Debit to investments.
What is a Journal Entry?
A journal entry is employed to record a business transaction in the accounting records of a business. A journal entry is typically recorded in the general ledger; alternatively, it's going to be recorded in a subsidiary ledger that is then summarized and rolled forward into the general ledger.
What is importance of journal?
Writing, like anything, improves with practice. once you journal every day, you're practicing the art of writing. And if you employ a journal to express your thoughts and ideas, it'll help improve your overall communication skills.
Learn more about journal entry:
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Answer:
The inventory turnover for the period is 5
Explanation:
Inventory turnover is the ratio which stated that how many times the company replaces as well as sells the stock of goods during a specific year or period.
The formula for computing the inventory turnover is as:
Inventory turnover = Cost of goods sold / Average inventory
where
Cost of goods sold (COGS) = $9,070,000
Average inventory = $1,814,000
Putting the values above:
Inventory turnover = $9,070,000 / $1,814,000
Inventory turnover = 5
