Maybe punishment and let inform he’s parents
Answer:
a.
i. 4.7 times
ii. 77.1 days
b
i. 7 times
ii. 52.1 days
Explanation:
Inventory turnover = cost of goods sold / average inventory
average inventory for 2016 = ( 87,750 + 92,500 ) / 2 = $90,125
Inventory turnover $426,650 / $90,125 = 4.7 times
Days' sales in inventory = 365 / inventory turnover = 77.1 days
for 2017
inventory turnover = cost of goods sold / average inventory
average inventory for 2017 = ( 97,400 + 87,750 ) / 2 = $92,575
Inventory turnover $643,825 / $92,575 = 7.0 times
Days' sales in inventory = 365 / inventory turnover = 52.1 days
Answer:
bonds
Explanation:
Bonds are a financial asset in which companies invest. A bond essentially is a credit that a company ask for the market and have to repay in a given time.
Answer:
B) $3271.
Explanation:
Since Sheridan Company uses the effective interest method to account for Scott Company bonds, and it purchased them on discount, it must increase its debt investments by:
(market price x effective interest) - (face value x coupon rate) =
($1,650,375 x .055) - ($1,750,000 x .05) = $3,270.63 ≈ $3,271
since the bonds pay a semiannual coupon, the yearly interest rates must be divided by 2.
