Answer:
The answer is: C) Net purchases plus beginning inventory equals merchandise available for sale
Explanation:
The best way to show how this equation works is by assigning values to the accounts;
- initial merchandise inventory was 2,000 units, at $10 per unit, total $20,000
- merchandise purchased was 4,000 units, at $10 per unit, total $40,000
How many units do we have available for sale, and at what cost?
We add initial merchandise inventory and merchandise purchased = 6,000 units at $10 per unit, total $60,000
Answer: <u>
Net income = $201,000</u>
Explanation:
Net income = (Sales - COGS - depreciation - interest expense)(1 - tax)
where;
Sales = $1,400,000
COGS(Cost of goods sold) = $ 800,000
Depreciation = $175,000
Interest expense = $90,000
Tax = 40%
∴ Net income = (1,400,000 - 800,000 - 175,000 - 90,000) 
(1 - 0.4)
Net income = 335,000 0.6
<u>
Net income = $201,000</u>
Answer: The first ratio, which is the current ratio have them sitting at 5.5 when the average for 2016-2017 was 1.7
Explanation:
From doing three ratios, ABC are doing well above average when it comes to the ratios carried out. The first ratio, which is the current ratio have them sitting at 5.5 when the average for 2016-2017 was 1.7 this doesn't mean they are worth meeting up with their target yet but it would require more loans and them building on what they currently have. This ratio informs them on their stand on taking more loans or not.
With an average of 2.0 in the 2016-2017 year, they are at a 1.2. The lower this ratio is the more debt they can put themselves in and not have to worry about if they could pay it off or not
Answer:
table of contents
Explanation:
Table of contents, usually put at the beginning or end of a document, lists the chapter and section of the document, together with their page numbers. This is the widely used method that makes literature more readable and searchable.
So, Melanie needs to create a table of contents, so her readers will be able to find specific sections after glancing at it.
When are you required to operate a motorboat or PWC at 30 miles per hour or less the operator should operate between one-half hour after sunset and one hour before sunrise. It is illegal to operate a motorboat or PWC in excess of 30 miles per hour without any permission at any time from a half hour after sunset until one hour before sunrise when on waters on the state and therefore be accused by exceeding night speed limit. In addition, when the operator sees buoys or sign, they specify a boating restricted area established to protect the safety of the public and property. In these areas, a vessel may not progress at a speed greater than essential to preserve steering.
