Answer:
Days in Inventory = 63 days
Explanation:
We know,
Days in Inventory = 365 days ÷ Inventory Turnover
Given,
Inventory turnover = Cost of goods sold ÷ Average Inventory
Inventory turnover = 16,936 ÷ [( $2,410 + 3,430) ÷ 2]
Inventory turnover = 16,936 ÷ (5,840 ÷ 2)
Inventory turnover = 16,936 ÷ 2,920
Inventory turnover = 5.8
Putting the values into the formula, we can get
Days in Inventory = 365 days ÷ Inventory Turnover
Days in Inventory = 365 days ÷ 5.8
Days in Inventory = 63 days
The weighted transferring common forecasting version makes use of a weighting scheme to alter the results of person facts points. that is its primary gain over the easy transferring common version. the weighted transferring common forecasting version makes use of a weighting scheme to alter the results of person facts points. that is its primary gain over the easy transferring common version is true.
Forecasts produced the usage of exponential smoothing strategies are weighted averages of past observations, with the weights decaying exponentially due to the fact the observations get older. In one-of-a-kind words, the more ultra-modern the declaration the higher the associated weight.
Quantitative forecasts lease one or more mathematical models that rely upon historical information and/or casual variables to forecast demand. Qualitative forecasts include such factors due to the fact the choice maker's intuition, emotions, private experiences, and rate system.
Learn more about Quantitative forecasts here:
brainly.com/question/14683037
#SPJ1
Answer:
a responsibility center that incurs costs and generates revenues.
Explanation:
We know that
The profit = Sales revenue - cost
After selling the product and incurred expenses, the amount which is left is shown as a profit. The remaining amount is termed as a profit that a firm has earned during a particular year.
It is the responsibility center at which we know about the total cost incurred and total revenues earned so that it becomes easy to compute how much the firm has earned the profit in a year.
Answer:
Lets see what are the double entries of borrowings and purchase of new manufacturing equipment and their implications:
Double Entry for borrowings:
Dr Bank $500,000
Cr Notes Payable $500,000
The above double entry shows that the total assets and Notes Payable are increased due to this transaction. Furthermore, in the Statement of Cash flow we see an increase in Cash from Financing activities and decrease in the Cash from investing activities.
The second transaction is purchase of new manufacturing equipment. It must be accounted for as under:
Dr Manufacturing Equipment $500,000
Cr Bank $500,000
This transaction shows that net impact on the total assets is same as one asset has been increased by spending the other asset. This transaction also has no impact on Cash for financing, inventories and notes payable balances. However, their is increased negative balance in cash from investing activities.
Answer:
Countries that are open to international trade tend to grow faster, innovate, improve productivity and provide higher income and more opportunities to their people.
Explanation:
Trade is central to ending global poverty. Open trade also benefits lower-income households by offering consumers more affordable goods and services.
Hope this helped!!!
