Answer:
Kohl's Average total Assets were $1,000,000
Explanation:
1.
Asset Turnover = Net Sales / Average fixed Assets
Net Sales = Asset Turnover x Average fixed Assets
2.
Account Receivable Turnover = Net Sales / Average Account receivable
Net Sales = Account Receivable Turnover x Average Account receivable
According to given condition
Asset Turnover x Average fixed Assets = Account Receivable Turnover x Average Account receivable
2 X Average fixed Assets = 10 X $200,000
Average fixed Assets = $2000,000 / 2
Average fixed Assets = $1,000,000
Answer:
Option A, total debits to the inventory account would be $37,800, is correct
Explanation:
The cost of the merchandise inventory to Wilson Company is the cost of the inventory purchased and the freight-in cost.
In other words, the amount to be recognized in merchandise inventory account is the sum of both amounts i.e $35,000+$2800=$37,800
This would be debited to merchandise inventory and $2,800 would be credited to the cash account while $35,000 is credited to accounts payable
Answer:
This is false.
Explanation:
Diversification is An investment strategy that includes a mixture of a wide variety of investments from different categories within a portfolio.
A well diversified portfolio does not need 3 to 5 stocks from different categories instead A well-diversified portfolio needs about 20-25 stocks from various categories.
I'm pretty sure it is interest
Answer:
Manufacturing Cost = 94,100
Explanation:
Given that,
Direct materials used = $ 20,500
Direct labor used = 26,000
Factory overhead = 47,600
Beginning work in process = 12,200
Ending work in process = 12,800
Manufacturing Cost = Direct Material + Direct Labor + Factory Overhead
Manufacturing Cost = $20,500 + 26,000 + 47,600
Manufacturing Cost = 94,100
