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3 years ago

10

a tire shop had to fill 2 1/2 tires with air. It took a Small compressor 2 1/2 seconds to fill them up. How long would it take t

o fill 8 tires? this is math not business

1 answer:

Nimfa-mama [501]3 years ago

7 0

It should take 20 seconds

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A(n) _____ is another form of intrapreneurship initiated by an employee who conceives an idea, convinces top management of its p

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Answer: skunk works

Explanation: In simple words, skunk works refers to the arrangement under which an individual or a group of individual are given a high degree of autonomy due to their special skills or idea.

These groups works within an organisation for some secret or technical projects and are not strictly monitors by the management for their performance. The group of individuals working is usually low in numbers as the projects they work requires knowledge more than the volume and labor force.

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3 years ago

New Furniture. Penny purchased $3,000 worth of furniture from Bob's furniture shop. Through an arrangement with Bob, Penny finan

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Answer:

Please consider the following explanation.

Explanation:

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3 years ago

Allsop Company had no beginning inventory. The company purchases 300 units of inventory in January at $5 each, 500 units at $4 e

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Answer:

B) $900

Explanation:

Given: Purchased 300 units of inventory in January at $5 each.

Purchased 500 units of inventory in August at $4 each.

Purchased 200 units of inventory in November at $6 each.

The company sold 150 units during the year.

As given company used periodic inventory system and the LIFO inventory costing method.

Periodic inventory system are the system that determine inventory at the end of each accounting period.

Last-in-first-out (LIFO) is inventory valuation method that assume inventory which are placed last, will be the first one to be sold out.

Now, computing cost of goods sold as per LIFO method.

We know sold unit is 150 unit

∴ Last inventory which was placed is in November, that is at $6 per unit.

Cost of goods sold= $units\ sold\times cost\ per\ unit$

⇒ Cost of goods sold= $150\times \$ 6$

∴ Cost of goods sold= $\$ 900$

Hence, the cost of goods sold as per LIFO inventory costing method is $900.

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4 years ago

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3 years ago

1.1. Which of the following ratios are key components in measuring a company's operating efficiency? (You may select more than o

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Answer:

1.1 The ratio from the list below which measures the efficiency of the operations of a company is D - Total Asset Turnover Ratio.

Explanation:

Total Asset Turn Over Ratio is calculated by dividing Net Sales by Average Total Assets.

For example, if company CDH is reporting a value of $499,650 as initial total assets and $387,656 as ending total assets. Within the same period, the company generated sales of $250,655, with sales returns of $17,000.

This means that, the asset turnover ratio for Company CDH is calculated as follows:

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The answer is 0.52667

Thus, every dollar in total assets generates $0.52667 in sales.

Efficiency ratios are important for rating the operations of the business. They are also used by investors and lenders when conducting financial analysis of businesses to decide whether the companies are a good investment.

1.2 The component which summarises the components applicable in 1.1 is D Total Asset Turnover

2. Working capital is the variance between current assets and current liabilities.

. This is simply the capital that an organisation uses in its day-to-day business operations.

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A) Days' sales Uncollected is calculated by

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It is the number of days before receivables are collected.

The lower the ratio the more liquid the company is likely to be. High Days' Sales Uncollected Ratios are bad for business.

C) Accounts receivable turnover is the annual rate at which a business collects its average accounts receivable.

Cheers!

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3 years ago