Strategic planning is an Analytical approach through which strategic choices can be assessed.
Answer:
$3,000.
Explanation:
Existences of supplies from previous month: $0
Bought supplies during June: $5,000
Supplies unused ar the end of June: $2,000
Supplies used during June = Existences of supplies from previous month + Bought supplies during June - Supplies unused ar the end of June
Supplies used during June = $0 + $5,000 - $2,000
Supplies used during June = $3,000
The adjusting entry to record an accrued expense is:
Debit to Supplies expense account (increases of expense)
Credit to Supplies stocks account (decreases of asset)
We have:
Initial cost (PV) = 63800
Annual cash flow (Pmt) = 16580
N = 6
Since the cash flows are conventional in nature, we can use the following formula to calculate the IRR:
PV = Pmt x PVIFA(N, R)
63800 = 16,580 x PVIFA (6, R)
PVIFA (6, R) = 3.84800965
Solving for R using PV of annuity table, we get R= 9.4162%
Therefore, Internal rate of return would be 9.4162%.
Answer:
inventory = 0.125
Explanation:
It is asking us to express the inventory as a percent of sales
Th common-size statement refer to express each valeu a percent of sales:
Sales 3,340 100.000%
income 274 8.234% (274 divided by 3340 times 100)
fixed assets 2,699 80.809%
current assets 836 25.030%
Inventory 417 0.12485 (417/3,340)
the answer should be a decimal so we don't covert to percent.
