Answer:
The right solution is Option b ($4606
).
Explanation:
The given values are:
Company sells merchandise,
= $5700
Company returns,
= $1000
Now,
The amount of the check will be:
=
=
=
= ($)
Answer:
Option (b) $30,000
Explanation:
Data provided in the question:
shares of common stock issued @ $7 per share = 10,000
shares of common stock issued @ $8 per share = 20,000
Net income = $100,000
Dividend paid = $50,000
Number of treasury stocks purchased = 3,000
Price per stock of treasury stocks = $10
Now,
The balance in the Treasury Stock account at the end of 2021
= Number of treasury stocks purchased × Price per stock of treasury stocks
= 3,000 × $10
= $30,000
Hence,
Option (b) $30,000
Answer:
The inventory turnover for the period is 5
Explanation:
Inventory turnover is the ratio which stated that how many times the company replaces as well as sells the stock of goods during a specific year or period.
The formula for computing the inventory turnover is as:
Inventory turnover = Cost of goods sold / Average inventory
where
Cost of goods sold (COGS) = $9,070,000
Average inventory = $1,814,000
Putting the values above:
Inventory turnover = $9,070,000 / $1,814,000
Inventory turnover = 5
American history is relevant to American economy in recent history because of the time period known today as the Great Depression, but also in the respect that economic growth occurs slowly over time, and our economy is still growing to this day. I hope this helps, as I was going to ask about context but instead just answered the question. Have a nice day! :)