Answer: D inventory conversion period
Explanation:
Inventory conversion period reports us about the average time to convert our total inventory into sales. It is relationship between total days in year and inventory turnover ratio. In other words, it measures the length of time on average between the acquisition and sale of merchandise.
The accounts that will be used to record the disposal of the assets are Gain/loss on sale of asset and Sales Income
<h3>What is a
disposal account?</h3>
A disposal account calculates the gain or loss account that appears in the income statement.
The disposal account records the difference between the disposal proceeds and the net carrying amount of the fixed asset being disposed of.
Hence, the account that will be used to record the disposal of the assets is Gain/loss on sale of asset and Sales Income
Read more about assets disposal
<em>brainly.com/question/1357713</em>
Answer:
You want to learn about the Ferris–wheel riding habits of people, so you ask those leaving a theme park, “How many times did you ride the Ferris wheel today?”
Is the question a statistical question? Explain why or why not.
Explanation:
Answer:
$523,800
Explanation:
Given parameters:
Cost price by buyer = $525000
Selling price by seller = $485000
Sales tax = 8%
Unknown:
The lowest selling price by the seller = ?
Solution:
To solve this business problem, we must understand that the price the seller would be will to part with will be his selling price and the percentage of sales tax incurred in the procurement.
This will be the minimum and least profitable estimated amount the seller is willing to sell at.
Lowest selling price = selling price by seller + amount of sales tax incurred
Sales tax amount = selling price x sales tax percentage
= $485000 x 
= $38800
Lowest selling price = $485000 + $38800 = $523,800