Answer:
9.89 times
Explanation:
Calculation to determine the merchandise inventory turn over during 2019
First step is calculate the Average Inventory using this formula
Average Inventory = (Opening Inventory + Closing Inventory) / 2
Let plug in the formula
Average Inventory= (154,000 + 200,000) / 2
Average Inventory= 354,000 / 2
Average Inventory= 177,000
Now let determine the Merchandise Inventory Turnover using this formula
Merchandise Inventory Turnover = Cost of goods sold/ Average Inventory
Let plug in the formula
Merchandise Inventory Turnover= 1,750,000 / 177,000
Merchandise Inventory Turnover= 9.89 times
Therefore Assuming that the merchandise inventory buildup was relatively constant, the merchandise inventory turn over during 2019 is 9.89 times
Answer: I found the complete question:
A forecast is defined as a(n):
a. prediction of future values of a time series.
b. quantitative method used when historical data on the variable of interest are either unavailable or not
applicable.
c. set of observations on a variable measured at successive points in time.
d. outcome of a random experiment.
And the correct answer is "a. prediction of future values of a time series.
".
<u>A forecast is defined as a prediction of future values of a time series.</u>
What are the typical fees banks charge?
Answer:
option (A) -$500; decreases by $500
Explanation:
Data provided in the question:
Amount deposited = $1,000
Increase in credit card balance = $1,500
Now,
Deposit adds to assets whereas increase in credit card balances adds to liabilities
Therefore,
Savings = Deposits - Increase in credit card balances
= $1,000 - $1,500
= - $500
Here,
negative sign depicts the decrease in wealth
Hence,
The correct answer is option (A) -$500; decreases by $500
The Owner's Equity statement illustrates the capital account changes due to contributions, withdrawals, net income, or a net loss. So Ending Balance of the statement of changes in Owner's equity will be; Opening capital + Capital Added + Net Income - Owner's Withdrawals.
A one-page report titled a "statement of owner's equity" compares all assets and liabilities to determine the owner's equity's overall value. The snapshot, which is tracked over a predetermined time period or accounting period, depicts the flow of cash through a company.
Owner's equity is simply the difference between the owner's initial investment in the business and any withdrawals made by the owner. For instance: A real estate project with a value of $500,000 and a loan balance of $400,000 would have $100,000 in owner's equity.
Learn more about owner's equity here
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