Answer:
0.64
Explanation:
Debts to total asset ratio = Total liabilities / total assets
For J.Cox Inc 2016; Debts to total asset ratio = $47,422 / 73,744
Debts to total asset ratio = 0.64306
Debts to total asset ratio = 0.64
2016 debt-to-total-assets ratio for J. Cox, Inc. is 0.64
Answer:
Year-end WIP 62,200
jounral entry for completed jobs:
-------------------------------------
Finished Good Inventory 1,149,800 DEBIT
WIP inventory 1,149,800 CREDIT
-------------------------------------
Explanation:
<u>WIP </u>
Beginning $ 72,000
Materials $ 390,000
Labor $ 500,000
Overhead <u>$ 250,000</u>
Total WIP $ 1,212,000
<u />
<u>Finished Jobs:</u>
Job 210 $ 200,000
Job 224 $ 225,000
Job 216 $ 288,000
Job 230 <u>$ 436,800</u>
Total $ 1,149,800
the jobs complete will move to finished good and credit WIP inventory
WIP year-end:
1,212,000 - 1,149,800 = 62,200
Answer:
e. Debit Petty Cash $50 Credit Cash $ 50
Explanation:
The entry on October 01 is to reflect the increase in Petty Cash from $ 250 to $ 300. i.e the incremental effect is only $ 50. This is because for the regular replenishment that was done on September 30, the following entry would have been recorded:
Petty Cash - Debit $ 232
Cash - Credit $ 232
The entry for recording the petty cash expenses would be as follows;
Office Supplies expense debit $ 73
Merchandise Inventory debit $ 137
Miscellaneous expenses debit $ 22
Petty Cash credit $ 232
The correct answer is: business cycle
Answer: Sales Promotion
Explanation: Sales promotion are different forms of sales strategy employed by marketing firms to attract buyers to their products faster.
Sales promotion could include various strategies such as: price discounts, extra goods added to a purchased product and much more.
