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Fudgin [204]
1 year ago
14

review the statements below and select the ones that are correct regarding the days' sales in inventory ratio. (check all that a

pply)
Business
1 answer:
aleksley [76]1 year ago
5 0

The physical count is used to bring the inventory balance in the Inventory account up to date.furthermore, The actual count is utilized to decide whether there has been any burglary, misfortune, harm or mistakes in stock.

How is Days Sales of Inventory calculated?

Days Sales of Inventory is calculated as follows:Days Sales of Inventory = COGS x (Average Inventory x 365).

What exactly is Days Sales of Inventory, or DSI?

A financial ratio known as days sales of inventory (DSI) depicts the average number of days it takes a company to sell its inventory, including work in progress goods.

Learn more about Sales of Inventory here:

brainly.com/question/13199620

#SPJ4

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Power and performance sports are dominant today because they do not foster the interests of people and organizations with the re
o-na [289]

I believe that statement is false

It's the other way around. Since sports able to attract the interest of large number of people, it attract interest of many organizations that feel that they can financially benefited from the audiences. Which is why you would constantly see massive advertisements displayed on the sports field or on the players' jersey.

6 0
3 years ago
Choose the correct answer in the following statements about financial and real assets.
lora16 [44]

Answer: Please refer to Explanation

Explanation:

A financial asset is a non-physical asset that that gets it's value from a contract that was signed by the parties involved.  Financial assets include Bonds, stocks and even cash amongst others.

Real Assets on the other hand are physical assets that can be seen and hence have an inherent value. Examples include buildings and cars.

a.  Toyota <u>creates</u> a <u>real asset</u>- the factory. The loan is a <u>financial asset </u>that is <u>created</u> in the transaction.

The factory becomes a real Asset that is tangible and has an inherent value. The loan was created by an agreement between Toyota and the bank and so is a Financial Asset.

b. When the loan is repaid, the <u>financial</u> asset is <u>destroyed</u> but the <u>real</u> asset continues to exist.

When the loan is repaid, Toyota no longer owns that financial asset because it has gone back to the bank. However, the Real Asset which is the factory that they were able to build will remain with Toyota.

c. The cash is a <u>financial</u> asset that is traded in exchange for a <u>real</u> asset, inventory.

As already mentioned, cash is a financial asset. Inventory is a tangible substance with an inherent value not determined by a contract and so is a Physical Asset. Trading cash for Inventory is therefore trading a financial asset for a physical one.

3 0
3 years ago
What is an apprenticeship?
san4es73 [151]
B. Formal training that combines classroom instruction with learning on the job.

That's how I've understood it when I took business in high school.
7 0
3 years ago
Read 2 more answers
HRH Collection Agency keeps a collection fee of 25% of any amounts collected. How much did the agency collect on a bad debt if t
Kazeer [188]

Answer:

The agency collected $ 622.5.

Explanation:

Since HRH Collection Agency keeps a collection fee of 25% of any amounts collected, to determine how much did the agency collect on a bad debt if the agency forwarded $ 2490 to a client, the following calculation must be performed:

2490 x 0.25 = X

622.5 = X

Therefore, the agency collected $ 622.5.

5 0
3 years ago
In general, shopping online is supposed to be more convenient than going to stores. However, according to a recent Harris Intera
melisa1 [442]

Answer:

13% did not experience problems with online transactions.

Explanation:

Giving the following information:

According to a recent Harris Interactive poll, 87% of people have experienced problems with an online transaction.

What percentage of people did not experience problems with an online transaction?

In this case, there are two options. You buy something online and everything went smooth or you have problems with the transactions.

So, if 87% have problems, that means that 13% didn't.

6 0
3 years ago
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