Answer:
The correct answer is A.
Explanation:
Giving the following information:
Beginning finished goods inventory of $20,000
The cost of goods manufactured during the month was $120,000
Ending finished goods inventory was $50,000
To calculate the cost of goods sold, we need to use the following formula:
COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory
COGS= 20,000 + 120,000 - 50,000= $90,000
Answer:
The answer is "15 minutes"
Explanation:
I will approximately spend 15 minutes on prewriting once i have gathered the information needed.
Answer:
Option (a) is correct.
Explanation:
Given that,
Sales = $700,000
Beginning total assets = $240,000
Ending total assets = $280,000
The asset turnover ratio refers to the ratio of sales to the average total assets.
Average total assets:
= (Beginning total assets + Ending total assets) ÷ 2
= ($240,000 + $280,000) ÷ 2
= $260,000
Therefore, the asset turnover ratio is as follows:
= Sales ÷ Average total assets
= $700,000 ÷ $260,000
= 2.69
Bonds will be the least risky since there is no risk involved at all. Bonds give out guaranteed payments and A rated bonds will be even more secure.
The next would be property. Since property is a physical asset, the risk involved is relatively lower than stocks.
The next would be retirement plans which would typically have bonds and stocks.
The most risky would be speculative stocks.
The order from least risky to most risky would be:
1. A rated bonds
2. Property
3. Retirement plans
4. Speculative stocks
