<span>If winston only needed to hold 35.7 days of inventory than it would only need an average inventory per year of 3378.29 (Avg inv/avg COGS = avg daily inventory held which is 3378.29/94.6 = 35.7). It currently holds 4025 inventory on average throughout the year so it's holding 647 million dollars of inventory more than it would if it lowered its ratio to 35.7.</span>
Answer: $18
Explanation:
From the question, we are informed that On November 1, 2019, a firm accepted a 5-month, 10 percent note for $1,080 from a customer with an overdue balance.
The accrued interest recorded for this note for the year ended December 31, 2019 goes thus:
The value of notes receivable is $1080, then the interest for 5 months will be:
= ($1080 × 10% ×5)/100 × 12
= $54000/1200
= $45
We are further told that the interest accrued from November 1, 2019 to December 31, 2019. This means that it was for 2 months. The accrued interest will now be:
= $45 × 2/5
= $90/5
= $18
Answer:
Bob is calculating the nominal gross domestic product GDP for 2018.
Explanation:
The nominal GDP includes the market value of all the final and legal goods and services produced within a country during a certain period (generally a year). Since it uses current market values, it is not adjusted to inflation nor measures real GDP.
Answer:
Dr. Allowance for Doubtful Accounts $7,400
Cr. Accounts Receivable $7,400
Explanation:
A write off eliminates the account receivable balance. It is recorded as the debit to Allowance for Doubtful Accounts because of its credit nature. It reduces the balance of the allowance use it for actual write off. On the other hand it credit the account receivable balance to reduce it as it is debit in nature.
Answer:
income earned from renting out a store in the hotel
Explanation: Make me the brainiest
