Answer:
Option (D) is correct.
Explanation:
Inventory conversion period:
= (365 days × Inventory) ÷ Cost of goods sold
= (365 days × 4,500) ÷ 30,000
= 54.75
Average collection period:
= (365 days × Accounts receivable) ÷ sales
= (365 days × $1,800) ÷ 45,000
= 14.60
Payable deferral period:
= (365 days × Accounts payable) ÷ COGS
= (365 days × $2,500) ÷ 30,000
= 30.42
cash conversion cycle:
= Inventory conversion period + Average collection period - Payable deferral period
= 54.75 + 14.60 - 30.42
= 38.93 or 39 days
Time tickets and materials requisition slips are similar to. The cost associated with both must be credited to the Work in Process Inventory. Option A. This is further explained below.
<h3>What are time tickets?</h3>
Generally, A time ticket is a form filled out by workers to keep track of their working hours.
In conclusion, Both time tickets and materials requisition forms have certain similarities. Both must be accounted for in the Work in Process Budget.
<h3>Complete Question</h3>
How are time tickets and materials requisition slips similar?
The cost associated with both must be credited to the Work in Process Inventory. Costs associated with both must be recorded in the general ledger and job cost sheets.
Costs associated with both must be debited to Manufacturing Overhead.
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Answer:
A) is used to determine minimum legal capital balances at issuance
Explanation:
The par value of stock represents the minimum amount that must be paid per share. Par value is also referred as the Face Value or Nominal Value of common stock. The Par Value of common stock is derived by Par value per share * No. of Issued Shares.
<span>Role
Role expectations is what we are expected to do based on certain assigned role. This is taken from the social and psychological concept of Role Theory. Which says each thing we do is according to specific roles that have already been carved out and we act out according to the expectations of such role for example the duties and obligations of a wife to a husband or that of a father to his children</span>
Answer:
1. GDP is an indicator of a society's standard of living, but it is only a rough indicator because it does not directly account for leisure, environmental quality, levels of health and education, activities conducted outside the market, changes in inequality of income, increases in variety, increases in technology. 2. Real GDP is accurate to hundreds of dollars; nominal GDP is accurate to thousands of dollars. 3. Nominal GDP is an assessment of economic production in an economy that includes current prices in its calculation. 4. The four stages of the cycle are expansion, peak, contraction, and trough. Factors such as GDP, interest rates, total employment, and consumer spending, can help determine the current stage of the economic cycle. Insight into economic cycles can be very useful for businesses and investors.
Explanation:
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