<span>asset turnover ratio is the ratio of the value of a company's sales or revenues generated relative to the value of its assets. The Asset Turnover ratio can often be used as an indicator of the efficiency with which a company is deploying its assets in generating revenue.
Given that the sales is 60k and the value of the asset is 370k, the ratio is simply the sales / value of assets which is 60/(370-88).</span>
Answer: The customer cost for combined shipping and returns of Product 1 is <u>$6.25 per unit.(option c)</u>
We arrive at the answer as follows:
<u>A. Calculating cost of returns</u>
<u>B. Calculating Cost of shipments</u>
C.Calculate total cost of shipments and cost of returns
<u>D. Calculate cost per unit</u>
<u>
</u>
The correct one is c as a portfolio helps u to see ur achievements
The May transactions for Charlie Company (seller) assuming that Charlie uses a perpetual inventory system are:
Charlie Company Journal entries
May 13
Debit Account receivable $360
(8×$45)
Credit Sales $360
(To record credit sales)
May 13
Debit Cost of goods sold $208
(8×$26)
Credit Merchandise inventory $208
(To record cost of goods sold)
May 16
Debit Sales return and allowances $45
Credit Account receivable $45
(To record goods returned)
May 16
Debit Merchandise inventory $26
Credit Cost of goods sold $26
(To record cost of goods sold returned)
May 23
Debit Cash $302
($315-$13)
Debit Sales discount $13
(4%×$315)
Credit Account receivable $315
($360-$45)
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Answer:
The answer would be D
Explanation:
A partnership in a business is similar to a personal partnership. Both business and personal partnerships involve:
- Pooling money toward a common purpose
- Sharing individual skills and resources, and
- Sharing in the ups and downs of profit and loss.
A business partnership is a specific kind of legal relationship formed by the agreement between two or more individuals to carry on a business as co-owners. The partners in a business partnership invest in the business, and each investor/partner has a share in the profits and losses.
The partnership as a business must register with all states where it does business. Each state his several different kinds of partnerships that you can form, so it's important to know the possibilities (explained below) before you register.
Some partnerships include individuals who work in the business, while other partnerships may include partners who have limited participation and also limited liability for the debts and lawsuits against the business.
