Answer: D-its inventory level is too high
Explanation:
Inventory turnover is a ratio that shows a company how efficient it sells its products. A high turnover means that the company is generating sales efficiently for inventory, while a low turnover means not generating efficient sales for inventory.
Also a low quick Ratio means when a company does not have enough current assets and lacks inventory in order to cover it's short term debt
Since, Okra Corp. has a low inventory turnover, a high current ratio, and an average quick ratio, it will generate inventory that is too high leading to poor sales.
If an employer's bills receivable stability will increase, more revenue has been earned with charge within the shape of credit score, so extra cash payments must be accrued in the future. then again, if a company's A/R balance declines, the bills billed to the clients that paid on credit score were acquired in cash.
Cash basis accounting records sales and prices when coins associated with one's transactions honestly are received or dispensed. Accrual accounting gives a more accurate view of a company's health along with money owed payable and accounts receivable.
The company's sales are increasingly paid with credit as the form of price instead of cash. lower in debts Receivable → The company has effectively retrieved coin payments for credit score purchases.
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Answer:
The correct answer is the option A: Developing a system to bill customers, pay suppliers and track inventory.
Explanation:
First of all, an<em> information systems manager</em> has the job of creating, developing and monitoring information systems that could possibly help the organization in its entire structure to improve its performance and therefore that manager focuses in the importance of information as an asset and how could it supports the decision making process for the other executives.
Second of all, a <em>financial manager</em> has the responsability to care about the health of the institution regarding subjects involving money and all of the companies assets. That manager must focuses in the organization of the resources that could help the organization to achieve its goal and how to use them in a proper way.
Finally, in the situation where both of those managers interact together, the main purpose will be to develop an information system, created by the information system manager, that could help the organization to gather information regarding the payment to suppliers, the track of inventory and the bill of customers due to the fact that a system with all that information will help the financial manager to take decisions more properly in order to achieve success.
Answer:
The correct answer is letter "B": Debit Prepaid Rent, credit Cash.
Explanation:
Prepaid rent is the rent paid in advance. Usually, rent payments are made every month by the beginning of the month but other timeframes can also be agreed upon the lease. <em>Prepaid rent is debited to prepaid assets and credited to accounts payable. When the check for the payment is cut, accounts payable is debited and a cash account is credited.</em>
