Answer:
The correct option is E
Explanation:
The formula to compute the accounts receivable turnover of the company for the Year 2 is as:
Accounts Receivable Turnover = Net Credit Sales / Average Accounts Receivable
where
Net Credit Sales be $723,000
And
Average Accounts Receivable is computed as:
Average Accounts Receivable = Accounts receivable Year 1 + Accounts receivable Year 2 / 2
= $86,500 + $82,750 / 2
= $169,250 / 2
= $84,625
Putting the values in the above formula:
= $723,000 / $84,625
= 8.54
<u>Answer: </u>True
<u>Explanation:</u>
Here for calculation of the profit or loss the cost of production cannot be used for comparison as they are the sunk cost it cannot be used for taking sale or rework decision. It is given the proceeds from the sale of inventory would be $425,000 and the cost of rework will be $150,000.
Net proceeds from sale of units = 425000 - 150000
=$275,000
It is clear that these profits are lower than the sale of these units without repair. Sale proceeds without repair is $325,000. So MR corporation can make decision to sell the units without repair for better benefits.
Answer:
Following are the responses to the given question:
Explanation:
For question 1:
Calculating the cost per unit:
For question 2:
Calculating the ending inventory units:
Calculating the cost for the Ending inventory:
For question 3:
Calculating the absorption costing for the income statement:
Particular Amount
Sales 
-COGS
Gross profit 
Cost of variable marketing 
marketing and administrative costs are fixed 
Net income 
Answer:
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Explanation:
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Answer:
Out of all the career choices in the <em>Human Services</em> career cluster;
I’ll need to complete high school and get an <em>associate's degree (or bachelor's)</em>
Explanation:
The occupation of a preschool teacher is in the <em>Human Services career cluster</em>. This cluster includes children education, social and community occupations and counseling.
In order to be eligible for the preschool teacher job, Sonja needs to obtain an <em>associate's or bachelor degree</em> from an academic institution that prepares candidates well enough to become licensed preschool teachers.
