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Sedbober [7]
3 years ago
12

Ottawa, Inc. provides the following data: 2019 2018 Cash $23,000 $22,000 Accounts Receivable, Net 37,000 37,000 Merchandise Inve

ntory 55,000 25,000 Property, Plant, and Equipment, Net 127,000 96,000 Total Assets $242,000 $180,000 For the year ending December 31, 2019: Net Credit Sales $300,000 Cost of Goods Sold (170,000) Gross Profit $130,000 Calculate the days' sales in inventory for 2019. (Use 365 days for any calculations. Round any intermediate calculations and your final answer to two decimal places.)
Business
1 answer:
Kaylis [27]3 years ago
4 0

Answer:

The days' sales in inventory for 2019 is 85.88 days

Explanation:

For computing the days' sales in inventory first we have to compute the inventory turnover ratio.

Inventory turnover ratio =  Cost of goods sold ÷ average inventory

where,  

Average inventory = (Opening balance of inventory + ending balance of inventory) ÷ 2

= ($25,000+ $ 55,000 ) ÷ 2

= $40,000

And, the cost of good sold is $170,000

Now put these values to the above formula  

So, the answer would be equal to  

= $170,000 ÷ $40,000

= 4.25 times

Now days sales inventory = Total number of days in a year ÷ inventory turnover ratio

= 365 days ÷ 4.25 times

= 85.88 days

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Answer:

Note: The full question is attached as picture below

Overhead Cost of one Month = Total Overhead Cost  / 12 Month

Overhead Cost of one Month = $403,200 / 12 month

Overhead Cost of one Month = $33,600

So, Overhead Chargeable Per Month is $33,600

PARTICULARS                                      AMOUNT

Direct Materials                                     $26,000

Direct Labor                                           $21,000

Manufacturing overhead Applied        <u>$33,600</u>

Total Manufacturing Expenses           $80,600

Less: Job Work in Process      

Direct Materials                                       $3,000

Direct Labor                                             $1,500

Cost of Goods Sold before proration  $76,100

of over or under allocated overhead

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3 years ago
The process of first creating and then developing and strengthening capabilities internally
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Answer:

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If a company chooses to develop it's competencies and capabilities internally and not externally by maybe choosing to outsource experts or merging or collaborating with companies with required competence and expertise, then they would have to follow through with the process of developing and nurturing internal capability and competencies. To proceed with internal competence, a company would need to hire experts if there are none in the company, these experts would train staff who follow through with the process in the option chosen above.

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The correct answer is Conflict.

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Conflict ethics means assuming values ​​and attitudes that men can share and defend all. It implies achieving a code of conduct of mutual responsibility that takes into account the effects of what we do, both in the present and in the future; This conflict ethic needs the defense of values ​​that involve men, nature and the world, which strengthens respect for life and freedom.

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timama [110]

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