Acomputer game that can be purchased online and played right'away has good utility

This information is available for the Automotive and Other Operations Divisions of General Motors Corporation for 2006. General

Paraphin [41]

Answer:

A. Inventory turnover ratio = 5.927

B. Current ratio = 0.95

C. Current ratio after adjusting for the LIFO reserve = 0.97

Explanation:

Requirement A

We know,

Inventory turnover ratio = Cost of goods sold ÷ Average inventory

Given,

Cost of goods sold = 164,682

Average inventory = Beginning inventory + Ending inventory

Average inventory = $13,862 + $13,921

Average inventory = $27,783

Putting the values into the formula, we will get

Inventory turnover ratio = Cost of goods sold ÷ Average inventory

Inventory turnover ratio = $164,682 ÷ $27,783

Inventory turnover ratio = 5.927

We know,

Days in inventory = $365 ÷ $5.927

Days in inventory = 61.6 days

Requirement B

We know,

Current ratio = Current asset ÷ Current liabilities

Given,

Current asset = $64,131

Current liabilities = $67,822

Putting the values into the formula, we can get

Current ratio = Current asset ÷ Current liabilities

Current ratio = $64,131 ÷ $67,822

Current ratio = 0.95

We know,

The current ratio shows us how a company pays its current liabilities.

We assume the inventory is reported in the current asset using the LIFO method.

Requirement C

We know,

Current ratio after adjusting for the LIFO reserve = (Current asset + LIFO reserve) ÷ Current liabilities.

Given,

Current asset = $64,131

LIFO reserve = 1,508

Current liabilities = $67,822

Putting the values into the formula, we can get

Current ratio after adjusting for the LIFO reserve = (Current asset + LIFO reserve) ÷ Current liabilities

Current ratio after adjusting for the LIFO reserve = ($64,131 + 1,508) ÷ $67,822

Current ratio after adjusting for the LIFO reserve = 65,639 ÷ $67,822 = 0.97

Current ratio after adjusting for the LIFO reserve = 0.97

8 0

3 years ago

Jose is CEO of a small tech start-up. He uses the power of his position to help his employees grow and succeed. Jose is using __

Vaselesa [24]

Jose uses the power of his position to help his employees grow and succeed. Jose is using socialized power.

<h3>What is Socialised Power? </h3>

Effective leadership is frequently linked to socialized power demand.
Instead of just advancing the position and wealth of the leader, these leaders use their influence in ways that are socially beneficial to others and the organization.
They crave power because it is only with the power that things can be done.
People are the wellspring of social power. Society derives its force from people's aspirations, vigor, and capacities. Individual power becomes societal power when it is organized and directed through a system.
Power is necessary to effect change. Changes can be achieved when there is no power, but it will take a lot of fight and effort to make even a small difference.

To learn more about Power refer to:

brainly.com/question/15850255

#SPJ4

4 0

2 years ago

Please help soon please!

Jobisdone [24]

It would be 6

Answer explained

6 0

3 years ago

Compute cost of goods sold using the following information: Finished goods inventory, beginning $ 540 Cost of goods manufactured

SVEN [57.7K]

un u get the numbers then subtract them and come good with the answer

4 0

3 years ago

It’s 5:30 a.m. The sun is sending its first rays of light over the treetops. You are sipping your morning coffee with an eye on

maxonik [38]

Answer:

Personalized action

Explanation:

In this example, the advertisers are employing the personalized action hook. A hook is an initial statement or passage that is intended to get the reader more interested in whatever the writer is presenting. This is particularly effective when the writer is trying to sell a product, as it ensures that the customer pays attention immediately. Personalized action happens when the advertisers describe an action or a situation which particularly applies to the person reading the ad.

6 0

3 years ago