<span>“I think you handled the problem in a very clever way.” is the correct sentence
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The cost of goods sold divided by the average inventory is the inventory turnover ratio. In order to calculate the average amount of inventory, the sales volume (at cost) is divided by the quantity of turns.
($1,447,200/18 = $80,400.)
What is Inventory Management?
The process of ordering, storing, using, and selling a company's inventory is referred to as inventory management. This covers the storage and processing of such commodities as well as the management of raw materials, components, and completed goods.
One of a company's most crucial assets is its inventory. The core of an organization's activities in sectors with substantial inventories, such as retail, manufacturing, food services, and others, is its raw materials and completed items. A shortage can be quite damaging depending on when and where merchandise is required.
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Answer:
. $45
Explanation:
Let X be the amount of equal charges per customer.
Therefore,
X-12+X-25+X-40+X=100.
4X-77=100
4X=177
X=44.25
Approximately $45
Answer: Option D
Explanation: A share's par value is the value specified in the corporate charter below which shares of that class can not be sold on the initial offer; the issuing company agrees not to sell additional shares below par value, so shareholders can be assured that no one else will obtain a more desirable share price.
The nominal value of the stock of a company is an unreasonable value assigned for the purposes of the reporting in the balance sheet when the company issues shares.
Hence from the above we can conclude that the correct option is D.
Answer and Explanation:
The journal entries are shown below;
a. Accounts Payable $91,000
To Note Payable $91,000
(being the issuance of the note payable is recorded0
b Note Payable $91,000
Interest Expense $3,412.50 ($91,000 × 15% × 90 days ÷ 360 days)
To Cash $94,412.50
(Being the payment of the note is recorded)
These two entries should be recorded