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3 years ago

Gato Inc. had the following inventory situations to consider at January 31, its year-end.

Business

1 answer:

Leokris [45]3 years ago

5 0

Answer:

The answers are:

Explanation:

A) Not included in merchandise inventory, belongs to the consignor

B) Included in merchandise inventory

C) Included in merchandise inventory

D) Not included in merchandise inventory , they were already sold so they should be included as COGS

E) Not included in merchandise inventory, belongs to the seller

F) Included in merchandise inventory

G) Not included in merchandise inventory , office supplies on hand are usually considered minor expenses

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Fill in the blanks: direct deposit typically refers to your ______ sending your ______ electronically to your bank account.

d1i1m1o1n [39]

Direct deposit typically refers to your <u>employer</u> sending your<u> paycheck </u>electronically to your bank account.

<h3>What is direct deposit?</h3>

Direct deposit can be defined as the way in which your employer directly deposit your salary into your bank account electronically.

Most companies or organization tend to make use of direct deposit system to pay their employee salary or paycheck instead of giving them cash or using check .

Inconclusion Direct deposit typically refers to your <u>employer</u> sending your<u> paycheck </u>electronically to your bank account.

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2 years ago

Grossman lumber reported $102,000 net cash provided by its operating activities. if the company invests $4,000 in capital expend

sweet [91]

FCF is a measure of how much cash a business generates from operations, net of capital expenditures, which it can use for various purposes, such as reducing debt or paying out dividends. When calculating FCF, we take Cash provided by operating activities and subtract any capital expenditures. Grossman Lumber generated $102,000 in cash from operations, and invested 4,000 in capital expenditures, so its FCF is 102,000-4,000= $98,000. We are not concerned with dividends because dividends are not a capital expenditure.

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3 years ago

A firm has a return on equity of 20 percent. The total asset turnover is 2.8 and the profit margin is 7 percent. The total equit

kondor19780726 [428]

The net income of the firm is $1,200

<h3>What is net income?</h3>

Net income refers to the amount an individual or business makes after deducting costs, allowances and taxes.

Net profit is also amount of money a business earns after deducting all operating, interest, and tax expenses over a given period of time.

First, we know that:

Return on equity

= Net income / Total equity

Fixing the given values, we'll have

20% = Net income / $6,000

Net income = $6,000 * 20%

Net income = $1,200

Therefore, net income of the firm is $1,200

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2 years ago

An analysis in which all the components of an income statement are expressed as a percentage of net sales is called blank_______

KATRIN_1 [288]

Answer:

Common Size Income Statement

Explanation:

In a common size income statement, each line item of the Income statement is expressed as a percentage of the sales amount for that period.

This helps in comparing performance of companies in different sectors or industries.

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3 years ago

When perfectly competitive firm X sells three units of product Z, its marginal revenue is $4.67. When it sells one hundred units

Sedaia [141]

Answer:

Explanation:

In a perfectly competitive market, marginal revenue always is equal to price. Also, the price is not determined by the firms, it is given by the market because producers doesn´t have any power of decision in this matter.

Due to that, the price is constant, independent the quantity sold.

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3 years ago