The amount of net sales for 2021 is $1,035,000.
Average inventory = (Beginning inventory + Ending inventory) / 2
Average inventory = ($63,000 + $75,000) /2
Average inventory = $69,000
- The formula for Inventory turnover ratio is <em>{Cost of goods sold/Average inventory]</em>
6 = Cost of goods sold / $69,000
Cost of goods sold = $414,000
Given Gross profit ratio is 40%: Gross profit = 40% on sales
Let the sales be $K
Gross profit = Sales - Cost of goods sold
0.4K = K - $414,000
0.4K = $414,000
K = $414,000 / 0.4
K = $1,035,000
Therefore, the amount of net sales for 2021 is $1,035,000.
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Answer:
The right answers are either b. or d., or both.
Explanation:
When the dollar loses value, there is higher demand for foreign imports in a country because they become cheaper. When the dollar gains in value, a foreign country´s exports increase. Changes in the value of currencies reflect changes in demand and supply. An increase in exports will shift the demand curve of the dollar higher. A reduction of imports will have a contrary effect.
<span>The contractual standard for product safety and liability that says the buyer chose to make the purchases and knows the each purchase involves informed consent is often referred to as the standard of caveat emptor. This is simply a warning that lets the buyer know and understand the product is sold as is and is subject to all defects. Basically, another way of saying buyer be ware.</span>
Regular participation in sports helps preserve muscle mass.
What is Weight Management ?
Weight management is the process of making long-term lifestyle changes to maintain a healthy body weight based on a person's age, gender, and height. Weight management techniques include maintaining a balanced diet and improving physical activity levels.
The overarching goals of weight loss and management are:
- To avoid further weight gain. If prescribed, to lose weight.
- To maintain a reduced body weight over time.
- Specific targets can be set for each of these objectives.
Meal planning allows you to make healthier choices that are not driven by physical hunger. Plan home-cooked meals, with restaurant dining reserved for exceptional occasions. Packing low-calorie snacks such as fresh fruits, veggies, and whole grains will help regulate hunger throughout the day.
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Complete Question :-
Weight management is one benefit of participating in sports. Which sentence is true regarding weight management?
- To lose weight you must burn fewer calories than you consume.
- Regular participation in sports helps preserve muscle mass.
- You burn more calories when engaged in a sports activity that is less intense.
- Sports can help you control your weight regardless of your diet.
Answer:
What is the net realizable value of Accounts Receivable after a $ 140$140 account receivable is written off? is $3550
Explanation:
Account receivable 4000
Allowance bad debts 450
Net realizable =(400-140)-(450-140)
=3860-310
=3550
