Answer:
There are called future goods
Explanation:
Future goods are good that are not yet in existence or that do not yet belong to the seller when the contract of sale is made
Answer:
$165
Explanation:
The working capital of organization is the difference between the current assets and the current liabilities of the organization. It shows if a company has enough short term assets or asset that can be converted quickly to cash to settle obligations that will arise in the short term.
Working capital as at December 31, 2015
=$1,105 - $915
=$190
Working capital as at December 31, 2016
=$1,320 - $955
=$365
Change in working capital in 2016
= $365 - $190
= $165
<u>Solution and Explanation:</u>
2016 2015 2014
<u>ICO/Sales</u>
ICO 2521 1895 3145
Sales 24594 25130 28406
ICO/Sales 10.25% 7.54% 11.07%
<u>NI/Sales </u>
NI 2525 1959 3636
Sales 24594 25130 28406
NI/Sales 10.27% 7.80% 12.80%
<u>CI/Sales </u>
CI 2010 651 371
Sales 24594 25130 28406
CI/Sales 8.17% 2.59% 1.31%
b. If the gain realized from selling the segment is reported as a separate line item, it has no impact on Incomes. It is shown separately for clear understanding to the intended users. However, the figures of Comprehensive income, Net income and Income from continuing operations will not be affected (except for the difference in amounts).
If the gain is 3866 in 2016, ICO/Sales would remain same at 10.25%.
NI/Sales would vary because of increase in the gain.
Answer:
a. his long run average cost per pound of coffee remains the same
Explanation:
Based on the information provided within the question it can be said that the best way for Jamal to know this would be to check if his long run average cost per pound of coffee remains the same. This is calculated by dividing the total cost by the quantity produced and is a technique that is mainly used to guide the returns to scale which is exactly what Jamal needs in this scenario.