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kakasveta [241]
3 years ago
10

A firm has sales of $1,220, net income of $226, net fixed assets of $544, and current assets of $300. The firm has $101 in inven

tory. What is the common-size statement value of inventory
Business
1 answer:
Nady [450]3 years ago
4 0

Answer:

11.97%

Explanation:

Common size statement value of inventory is where all accounts are expressed as a percentage of total assets.

Total assets = Net fixed assets + Current assets

= $544 + $300

= $844

Common size statement value of inventory = Inventory ÷ Total assets

= $101 ÷ $844

= 0.1197

= 11.97%

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According to Shaw and Barry, companies clearly have what kind of obligation to provide a work environment in which employees are
MariettaO [177]

Answer:

Moral obligation

Explanation:

Moral obligation -

it refers to the obligation , that are due to the activity being right or wrong , is referred to as moral obligations.

It is due to activity being injustice or unfair , in term of any activity .

These obligations are present in any company , society and organisation , to help people from any type of unfair practice or harassment .

Hence , from the given information of the question,

The correct term is moral obligation .

5 0
3 years ago
The ability to produce a wide range of products or service is:
dezoksy [38]

Answer:

a. mix flexibility

Explanation:

Mix flexibility -

It refers to efficiency to produce and maintain various goods and services , is referred to as mix flexibility.

The prediction about the goods and services that would be sold in the specific product line .

The product and options mix as well as aggregate product families need to be predicted.

Hence, the correct term from the given statement of the question , is mix flexibility.

6 0
3 years ago
A summary of the time tickets for the current month follows:
iVinArrow [24]

Answer:

Entry is given below

Explanation:

Entry for factory labor cost

DATE          ACCOUNT                         DEBIT        CREDIT

DEC 31     Work in Progress(w)          $97,780

                Factory overhead              $6,340

                 Wages payable                                     $104,120

Working

Work in progress =  3,860+4,300+24,500+18,600+7120+7400+32,000

Work in progress = 97,780

NOTE: Work in progress is sum of all direct labor cost

Factory Overhead = all indirect labor cost which is only $6,130

7 0
3 years ago
The bank loan of $2,000,000 requires Irkalla to maintain certain financial ratios but Irkalla has not been able to do so and is
aalyn [17]

Answer:

Current liabilities at December 31, 2014 for Irkalla;

$200,000 + $100,000 + $2,000,000 + $1,000,000 = $3,300,000.  

Method of reasoning: Accounts payable-exchange and Short-term borrowings consistently fall under "Current Liabilities". Development for Other bank advance has not explicitly given (for example develops June 30, 20 × 5), so we accept it to develop on June 30, 2015. Since development is expected inside 1 year, it additionally falls under current risk as term is just a single year. On the bank credit of $2,000,000, Irkella has damaged the terms, so now this advance is likewise required to be paid off soon and thus it additionally now goes under "Current Liabilities"

8 0
3 years ago
Read 2 more answers
During 2019, Ocean Consulting had the following transactions with it clients (customers): On February 1, 2019, the company recei
GalinKa [24]
Just add the number e s and you will end up with 60
3 0
3 years ago
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