Answer:
4.8 times
76 days
Explanation:
Inventory Turnover is the numbers of times that an inventory is sold in a period. It shows that is there any excessive inventory available in respect to the current sales level.
Formula for Inventory Turnover
Inventory Turnover = Inventory Used during the year / Average Inventory
Inventory Turnover = 3,784 million / ( ( $855 + $717 ) / 2 )
Inventory Turnover = 3,784 million / $786
Inventory Turnover = 4.8 times
Number of days Sales is the numbers of days that a company takes to to be sold.
Numbers of Days Sales = 365 / Inventory Turnover ratio
Numbers of Days Sales = 365 / 4.8 = 76.04 = 76 days
Answer:
a. $14,200
Explanation:
The computation of the bad debt expense is shown below:
Balance in Allowance for doubtful Accounts = Opening Balance in Allowance for Doubtful Account - Accounts Wrote Off + Bad debts recovered
= $20,000 - $11,400 + $4,200
= $9,800
And, Closing Balance is
= $480,000 × 5%
= $24,000
So, the bad debt expense is
= $24,000 - $9,800
= $14,200
We simply applied the above calculations
Answer:
Economic costs include both explicit costs and implicit costs.
Explanation:
- In economics, costs can be in the form of explicit and implicit as implicit costs are opportunity costs and are opportunities for engaging in business. While the explicit costs are accounting costs which are involved in the production of raw matter, wages etc.
Answer:
Antonie Van Leeuwenhoek called his discovery "wee animalcules"
Hit brainliest if this was helpful :)
I would say that they should test the water purifier with tap water and run it through the purifier and see if it is actually purifying the water and that way determine if it is performing as it should an if not correct it.
