<span>It would be best to determine the literacy rate of that country to be able to measure the amount of human capital available in a country. Literacy rate means the educational level of the human living in that country.</span>
Answer:
Accounts receivable turn over is 16.64
Explanation:
To compute accounts receivable turn over ratio, we simply divide net credit sales over the average accounts receivable.
Accounts receivable turn over ratio = $1,240,000/$74,500
= 16.64
The higher the ratio, the better it is in the company. It simply means, the company exercises the effective way to collect its receivable from the customer.
*Net credit sales is derived by deducting sales returns and allowances from gross credit sales. If the problem is silent regarding cash sales, we will assume that the sales made by the period is all at credit.
Answer:
It frequently lacks effective communication channels across department.
Explanation:
A functional structure is an organizational structure that is used to coordinate employees on the basis of their various skills. It helps in the categorizing of workers into smaller groups based on their area of specialty.
Advantages of functional structure include:
1) The grouping of workers into their area of specialty makes the work more efficient.
2) The individuals in a group share their various knowledge to make productivity faster.
Diasvantages of functional structure include:
1) There could be a lack of coordination among the workers.
2) Competition may arise between individuals in a group.
Answer:
Advertising expense 6,600. Rent expense 11,600. What is the amount of total assets to be reported on the balance sheet at the end of the year? $106,800.
Explanation:
Answer:
1. The depletion for 2021 is $1,028,000
.
2. No, depletion is not considered part of the product cost and isnt included in the cost of inventory
Explanation:
1. Depletion per ton = $4280000/1070000
= $4 per ton
Depletion for 2021 = 257000 tons*$4
= $1,028,000
Therefore, The depletion for 2021 is $1,028,000
.
2. Depletion is not considered as part of product cost, It is shown as expense on income statement and reduced from the value of natural resource and so it is equivalent to depreciation of assets.
Therefore, No, depletion is not considered part of the product cost and isnt included in the cost of inventory
