Answer:
Inventory turnover ratio = Cost of Goods sold / Average Inventory
Explanation:
To calculate this we need to take same time period for both cost of goods sold and average inventory. Average inventory is used instead of ending inventory because of inventory fluctuations in many companies.
Triangle O’W’L’ was rotated 90 degrees counterclockwise about the origin.
An investment can be called a safe Investment when it gains slowly over time. Thus, option A is the correct statement.
<h3>What do you mean by Investment?</h3>
Investment is the determination of an asset to gain a boom in price over a duration of time.
Investment calls for a sacrifice of a few assets, consisting of time, money, or effort. In finance, the cause of making an investment is to generate a return from the invested asset.
Thus, option A is the correct statement.
Learn more about Investment here:
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Depreciation is a way not only to recognize the lost value over time of an asset, but also a way to recognize the expense of the asset over time. To this end, we want to see the value of the asset get smaller, and a piece of the asset on the the income statement ever period.
The depreciation base is 95,000 -5,000 = 90,000, and the depreciation period is 90,000/15,000 = 6 years.
The journal entry every year will be
Dec. 31
Debit: Depreciation expense 15,0000
Credit: Accumulated Depreciation (15,000)
Accumulated depreciation is a *contra-asset* account on the balance sheet that reduces the value of the the depreciable asset.
