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
Answer:
Explanation:
Since Notes payable is $6,100
The interest would be = $6,100 × 10% × 60÷ 360
= $101.67
Total of interest + notes payable = $6100 + $101.67
= $6201.67
So, the journal entry would be
Notes payable A/c Dr $6,100
Interest Expense A/c Dr $101.67
To Cash A/c $6201.67
(Being notes payable is accepted)
Since, notes is issued and interest is charged so both accounts is debit and cash is gone so it would be credited.
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I think you are holding both of these puppies, is a Toy fox terrier.
Plus, if you want to know how much they will grow up?
<h2>
★ <u>
EXPLANATION:</u></h2><h2 />
The toy fox terrier, will grow up of they height is: like 8.5, or 11.5 inches. And they weight will be 3.7 or to 7 pounds. And they life expectancy is: 13 to 15 years.
Sorry, I couldn't do a long Explanation...
Hope It Helped!
#LearnWithBrainly
:
- TanakaBro
Answer:
$152,000 & $275,000.00 respectively
Explanation:
The cost of land will include legal fees;
Therefore: The cost of land is $ 150,000.00 + $ 2,000.00
=$152,000
Cost of building: Architect’s fees +Construction cost
=$25,000.00+$250,000.00
= $275,000.00