Answer:
general partnership
Explanation:
General partnership -
It refers to the management of a particular business , by two or more partners in a predefined manner , where the profit is shares equally amongst the partners , is referred to as general partnership .
The decision about the business is taken along with all the partners ,like the financial decisions.
Any loss or profit is shares equally amongst all .
Hence , from the given scenario of the question ,
Sandra and Clara enters into a general partnership .
Answer:
Option (D) is correct.
Explanation:
Calculation of total manufacturing overhead:-
4000 units manufacturing overhead:
= Production volume × Manufacturing overhead
= 4,000 × $94
= $376,000
5000 units manufacturing overhead:
= Production volume × Manufacturing overhead
= 5,000 × $77.60
= $388,000
Variable cost per unit:
= 12
Fixed cost = Total cost - variable cost
= $388,000 - 5,000 × 12
= $388,000 - $60,000
= $328,000
So total monthly fixed manufacturing cost is $328,000.
Answer:
$118,220
Explanation:
The Costs of Goods Sold COGS is calculated using the following formula.
COGS = Beginning inventory + purchases - Ending Inventory
For Azur company
Beginning inventory: 30,840
Ending inventory : 20,560
Net purchases equal Net purchase equal to purchases plus freight-in minus discounts freight-out are administrative expenses, hence do not feature in COGS
Net purchases =$102,800 + $15,420 -$ 10,280
Net purchases =$107,940
COGS = $30,840 +$107,940 -$20560
COGS = $118,220
Answer:
What was Organic Grocers' inventory turnover
ORGANIC
11,58 INVENTORY TURNOVER
Explanation:
The Organic company compared with the industry works with more inventory than the market, which means that the company is less efficient than the Grocery Industry in Inventory management .
ORGANIC
11,58 INVENTORY TURNOVER
11.680,000 Cost Of Goods
1.008,880 Average Inventory
32 DAYS IN INVENTORY
To calculate the Inventory Turnover ratio it's necessary to calculate the average inventory of the year ($1,008,880) , take the Total Cost of Goods ($11,680,000) and divide it by the Average Inventory, the result it's the Inventory Turnover of the company, in this case 11,58
To find the days in inventory we have to divide 365 (days of the year) by the Inventory Turnover, 11,58 the result is 32 days.
To have a similar Inventory Turnover as the industry the company needs to low the average inventory to $898,524.
ORGANIC
13,00 INVENTORY TURNOVER
11.680,000 Cost Of Goods
898,524 Average Inventory
28 DAYS IN INVENTORY
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