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3 years ago

Identify the term for unsold goods, raw materials, Or work-in-progress that a company has.

Business

1 answer:

ss7ja [257]3 years ago

3 0

Answer:

Inventory

Explanation:

Inventory refers to

The finished products in the warehouse or store that is ready for sale.
Raw materials used in the production of goods
Goods that in the production process, also known as work in progress.

Inventory is held with the intention of selling. It is classified as current assets. Income realized from the sale of inventory is revenue to the business.

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Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions) Net sales $ 11,400

myrzilka [38]

Answer:

1.85

Explanation:

Given:

In 2017:

Net sales = $11,400

Cost of goods sold = $8,150

Depreciation = $440

Earnings before interest and taxes = $2,810

Taxes = $946

Net income = $1,756

Now,

Equity Multiplier (2017) = $\frac{\textup{Total Assets of 2017}}{\textup{Stockholder's equity for 2017}}$

Total assets of 2017 = $7,425 [given in the question]

Stockholder's equity for 2017

= Common Stock of 2017 + Retained earnings of 2017

= $3,070 + $940

= $4,010

Therefore,

Equity Multiplier (2017) = $\frac{\textup{7,425}}{\textup{4,010}}$

Equity Multiplier (2017) = 1.85

4 0

3 years ago

Portions of the financial statements for Peach Computer are provided below.

Novay_Z [31]

Answer:

Net cash flows from Operating activities = $139,000

Explanation:

Statement of Cash Flows

Cash-flows from Operating activities

Net income for the year $100,000

Adjustment for non-cash effects

Depreciation expenses $50,000

Decrease in Accounts receivables $4,000

Increase in Inventory -$20,000

Decrease in Prepaid rent $2,000

Increase in Accounts payable $8,000

Decrease in Income tax payable -$5,000 $39,000

Net cash flows from Operating activities $139,000

4 0

3 years ago

Read the following situation and decide whether or not anyone in the situation commits sexual harassment. Justify your judgement

Vikki [24]

Answer:

Hector does not commit sexual harassment against Kylie when he asks her out. It is a one time event, and he does not push the issue. Kylie does not commit sexual harassment when she refuses Hector's proposal for a date. She does not demean him. Kylie does commit sexual harassment when she brings the incident up in the workplace. She speaks disparagingly of Hector's sexuality and it gets back to him. He can bring a sexual harassment claim against Kylie through his company.

Explanation:

on e2020

4 0

3 years ago

Read 2 more answers

The management, creation, and study of money, investments, and other financial instruments is known as

serious [3.7K]

Answer:

Finance is:a.the study of how individuals,institutions,governments,and businesses acquire,spend,and manage money and other financial assets.

Explanation:

hope it helps you?

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2 years ago

Beauty Island Corporation began operations on April 1 by issuing 60,000 shares of $5 par value common stock for cash at $13 per

Eddi Din [679]

Norovirus is a very contagious virus that causes vomiting and diarrhea. People of all ages can get infected and sick with norovirus. Norovirus spreads easily! People with norovirus illness can shed billions of norovirus particles. And only a few virus particles can make other people sick.

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3 years ago