Answer:
A
Explanation:
In this question , we are asked to calculate the inventory turnover during 2019.
Mathematically;
Inventory turn over = Cost of goods sold/Average inventory
From the question, we identify that the cost of goods sold = $750,000
Average inventory = (188,000 + 208,000)/2 = 396,000/2 = 198,000
Inventory turn over = 750,000/198,000 = 3.79
Answer:
posting the job on the company's intranet
Explanation:
Someone with 'promote-from-within' policy tend to prioritize the advancement of their current team members over the people from outside. They tend to believe that members who have embodied the company's culture and prove their loyalty to the company should be presented with the biggest chance to obtain high position in the company.
This is why they are more likely to use company's intranet when posting an open position for supervisor. Unlike normal website, company's intranet could only be accessed company's team members and staffs. No one outside the company will get the chance to see the post.
Answer:
supply.
Explanation:
Supply is the volume or quantity of a product that is available for customers to buy. It is what suppliers have presented in the markets for sale. As per the supply law, an increase in prices will lead to an increase in the quantity supplied.
There can be a shortage, excess, or equilibrium supply. A short supply or shortage is when the available products cannot meet the current market demand. An excess or surplus supply is when the available quantity is more than the market requires. At equilibrium, the supply matches the market demand.
Answer:
The preparation is shown below:
Explanation:
The preparation of the month of June income statement for Crane Company is shown below:
Crane company
Income statement
Revenue
Service revenue $7,900
Total revenues $7,900 (A)
Less: Expenses
Supplies expense $1,155
Maintenance and repairs expense $690
Advertising expense $400
Utilities expense $210
Salaries and wages expense $1,100
Total revenues $3,555 (B)
Net income $4,345 (A- B)
And, the preparation of the retained earning statement is presented below
Crane company
Retained Earning statement
For the month of June
Beginning balance of retained earning $0
Add: Net income $4,345
Less: Cash Dividend paid -$1,738
Ending balance of retained earning $2,607