Answer:
Gross profit earned by the company for each of the four costing methods = Subtraction of Total cost of goods sold from Total Sales
$48,322 - $30,651 = $17,671
Explanation:
Total sales = (330 x 87.4) + (200 x 97.4) = $48,322
Total cost of goods sold overweighted average method = $30,651
Subtract $48,322 from $30,651 to give $17,671 as the gross profit.
In the attached picture, Your will see average costs calculated and the inventory values for March 5, 9, 25, and 29.
Answer:
April 11th
Explanation:
the dividends will be paid to the owner of the share one day before the record. This is defined asthe Ex-date ofthe dividends.
DISCLAMER
Assuming it refers to 2019 Apil 12th
the previous business day will be April 11th (we should liook into the calendar and avoid counting Friday and saturdays
for the year 2019 April 12th is a friday so it is okay to define it as April 11th
Answer:
Yes you are correct on this researched it
Answer:
11.40
32 days
Explanation:
Inventory turnover and days of sales of inventory are examples of activity ratios.
They are used to measure the efficiency of performing daily tasks
inventory turnover = Cost of goods sold/ average inventory
Average inventory = ($118,000 + $110,000) / 2 = $114,000
Inventory turnover = $1,300,000 / $114,000 = 11.40
days of sales of inventory = 365 / inventory turnover = 365 / 11.40 = 32 days
Use your credit card and pay it off each month
