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3 years ago

Compute the stock turnover for a product that has sales of 350 units and an average of 70 units in inventory.

Business

1 answer:

Harrizon [31]3 years ago

4 0

B. 5

To compute stock turnover divide Sales/Average inventory

350/70= 5

Stock turnover is the amount of times inventory is sold in a given time period.

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July 15 Declared a cash dividend payable to common stockholders of $169,000. Aug. 15 Date of record is August 15 for the cash di

Brilliant_brown [7]

Answer:

Explanation:

The journal entries are shown below:

On July 15:

Retained earning A/c Dr $169,000

To Dividend payable $169,000

(Being cash dividend declared is recorded)

On Aug 15:

No journal entry is required on the date of declared

On Aug 31:

Dividend payable A/c $169,000

To Cash A/c $169,000

(Being dividend is paid is recorded)

3 0

3 years ago

intelligent industries recently purchased a $50,000, 10% 12-month bond. from intelligent’s point of view, this bond would be con

Paul [167]

from Intelligent’s point of view, this bond would be considered a current asset, because it represents a resource that can easily be converted to cash within one year.

A bond is a debt instrument. A bondholder is entitled to regular predetermined interest rate payments and at the end of the bond's tenure, the bondholder would receive the amount invested.

Current assets are assets that are expected to be sold, used, or exhausted through standard business operations with one year.

Examples of current asset are:

cash
cash equivalents
accounts receivable
stock inventory
marketable securities
pre-paid liabilities

To learn more, please check: brainly.com/question/14287268

5 0

2 years ago

Consider the following simple economy that produces only three goods: 2009 (Base Year) 2017 Product Quantity Price Quantity Pr

Oxana [17]

Answer:

The answer is $6680

Explanation:

To calculate the Real GDP we use prices from the base year.

GDP = 100x40 + 80x11 + 20x90 = $6680

8 0

3 years ago

20 points to the best one !!

masya89 [10]

Answer:

The answer is "Knowledge discovery & predictions category or anomalous detention assessment or Data mining".

Explanation:

Regression is a type of analysis in which some parameters' relationships are determined by the values of other variables, whereas departure detection is a type of analysis wherein the goal is to find changes in data from previously observed values. Enigma detaining analysis, often known as knowledge discovery analysis, is a sort for anomaly incarceration analysis, while regression is classed as a forecast.

5 0

3 years ago

A company is preparing its cash budget. Its cash balance on January 1 is $290,000, and it has a minimum cash requirement of $340

boyakko [2]

Answer:

The correct answer is:

excess of $15,800 (d.)

Explanation:

In order to calculate the cash excess or deficiency for March, we have to determine the net balance for the period from January, February and March, after deducting the total expenditures from the incomes as follows:

Cash Receipts (income)

January 1 balance = $ 290,000

January = $ 1,061,200

February = $ 1,182,400

March = $ 1,091,700

Total cash receipt = $3,625,300

Cash payments (expenditure)

January = $ 984,500

February = $ 1,210,000

March = $ 1,075,000

Total payments = $ 3,269,500

Net cash available = total cash receipts - total cash payments

= 3,625,300 - 3,269,500 = $355,800

Note, we are told that the minimum cash requirement = $340,000

Therefore:

Cash excess (deficiency) = Net cash available - minimum cash requirement

= 355,800 - 340,000 = $15,800 (excess)

<em>excess because cash available is greater than the minimum cash requirement.</em>

5 0

3 years ago