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klio [65]
3 years ago
6

The economic insight in the text referred to “free” air. what was the point of the insight?

Business
2 answers:
jolli1 [7]3 years ago
5 0

Answer: A

Air is a free good

Juliette [100K]3 years ago
3 0
A. AIR IS A FREE GOOD.
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Tyson Corporation bought raw materials on April 23, 2012 and also on July 2, 2012. Products produced in the months of May were s
exis [7]

Answer:

2. the inventory acquired on April 23 with the products sold

Explanation:

Tyson Corporation

<em>As the company uses FIFO it would associate the sales with the inventory bought earliest. FIFO means first in first out the materials bought first would be sold first . The materials bought later would be sold later. In this situation the April 23 inventory is the first purchase so it would be associated with the products sold first in July. </em>

So option 2 is the best option indicating the first purchase sold first.

5 0
3 years ago
Read 2 more answers
A company has net income of $187,000, a profit margin of 8.6 percent, and an accounts receivable balance of $126,370. Assuming 6
NARA [144]

Answer:

35.35  days

Explanation:

For the computation of company’s days’ sales in receivable first we do the following calculations

As we know that

Profit margin = Net income ÷ Sales

0.086 = 187,000 ÷ Sales

Sales = 2,174,418.605

So,

Credit sales = Sales × Sales percentage

= 2,174,418.605 × 0.6

= 1,304,651.163

Receivables turnover ratio = Credit sales ÷ Receivables

= 1,304,651.163 ÷ 126,370

= 10.3241

Now

Days sales in receivables = 365 ÷ Receivables turnover

= 365 ÷ 10.3241

= 35.35 days

4 0
2 years ago
Concord Corporation reported the following information for 2016: October November December Budgeted sales $430000 $400000 $51000
hodyreva [135]

Answer:

a. $84,000

Explanation:

Given, credit purchases are 40% of the sales, will be collected in the following month

Credit purchase = Budgeted purchase * 40%

Credit purchase = $210,000 * 40%

Credit purchase = $84,000

So, the budgeted balance for Accounts Payable at October 31, 2016 is $84,000.

5 0
3 years ago
. In order to generate the desired workforce skill, competencies, and behaviors that a firm needs to achieve its strategic goals
Semmy [17]

Answer:

The correct answer is letter "A": HR strategies.

Explanation:

HR strategies imply all the efforts of the Human Resources (HR) department of companies to recruit and select highly-trained personnel. The labor force is an important factor that influences the productivity of a firm being this the reason why the HR department should not only worry about hiring qualified workers but also to provide them with training and assessment.

3 0
3 years ago
Independent auditors express an opinion on the:________.
katen-ka-za [31]

Answer:

A) Fairness of financial statements.

Explanation:

Auditors review the financial statements of firms.

An unqualified or clean audit opinion means the financial statements are true and fair.

A qualified opinion means that there is some exception to accounting standards in the financial statement.

An adverse audit opinion means that the financial statement are not fairly represented

6 0
3 years ago
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