Well organized buisiness writing uses short sentences and paragraphs. True or False?

Franklin Aerospace has a quick ratio of 2.00x, $36,225 in cash, $20,125 in accounts receivable, some inventory, total current as

MrRissso [65]

Answer:

8.28 times

Explanation:

The number of times that Franklin Aerospace sell and replaces its inventory shall be determined through following mentioned formula:

Inventory turnover=sales/inventory balance

First we have to calculate the inventory balance which shall be determined as follows:

Quick ratio=current assets-inventory/current liabilities

2= $80,500-inventory/ $28,175

$56,350=$80,500-inventory

Inventory=$80,500-$56,350=$24,150

Now we will the number of times that Franklin Aerospace sell and replaces its inventory:

Inventory turnover=$200,000/$24,150=8.28 times

8 0

2 years ago

As the new general manager of a regional cable service, Joe is studying the formal configuration of groups and individuals in re

Brums [2.3K]

Administrative restructuring; done at managerial level for effective decision making and delegation of power down the order.

<u> Explanation: </u>

According to the narration given in the above statement the general manager is of the view that too much layer of manager will hamper the decision making and effective delegation of work.

So, after a detailed study of manager’s role and responsibility at the level he decided to downsize the structure from 10 managers to 3 managers who will report to him for making effective decisions.

He has delegated power to the new managers and by doing so it has reduced the burden of the Joe. By doing this the organisation objectives and goals can be met at the targeted time.

8 0

2 years ago

EA4.

Anton [14]

Answer:

Please see Explanation

Explanation:

Management

Managers are not included in this list of users by the IASB Framework, because management should have access to all the financial information they need, and in much more detail than financial statements provide. However, management is responsible for producing the financial statements and might be interested in the information they contain.

Employees

Employees need information about the financial stability and profitability of their employer. An assessment of profitability can help employees to reach a view on the ability of the employer to pay higher wages, or provide more job opportunities in the future.

Investors

Investors in a business entity are the providers of risk capital. Unless they are managers as well as owners, they invest in order to obtain a financial return on their investment. They need information that will help them to make investment decisions.

Creditors

Financial information about an entity is also useful for suppliers who provide goods on credit to a business entity, and ‘other trade creditors’ who are owed money by the entity as a result of debts incurred in its business operations (such as money owned for rent or electricity or telephone charges). They can use the financial statements to assess how much credit they might safely allow to the entity.

Customers

Customers might be interested in the financial strength of an entity, especially if they rely on that entity for the long-term supply of key goods or services.

Tax authorities

The tax authorities use the information in the financial statement for the purpose of business regulation or deciding taxation policies.

5 0

3 years ago

In accordance with scrum theory, how should a group of 100 people be divided into multiple development teams?

Nuetrik [128]

Those who formed the group also known as the developers, should divide themselves into teams. Their teams should have no more than 10% of the total group on each team. In this case, 10% of 100 is 10, so each team should have no more than 10 people on each team.

6 0

3 years ago

Read 2 more answers

Polk Company manufactures basketballs.

earnstyle [38]

Answer:

1. Material $1,490

Conversion $1,490

2. Material $1,490

Conversion $1,166

3.Cost of units transferred out $4,842

Cost of ending Work in process $1,838

4. $6,680

Explanation:

1.Computation of the Equivalent unit of production for material

Beginning Work In Process 400

Add Started during the year 1,090

Units to be accounted 1,490

Computation of the Equivalent unit of production for Conversion cost

Completed and transferred 950

(1,090+400 -540)

Add ending work in process 540

Units to be accounted for 1,490

2)Calculation for the unit costs of production for materials

Production units Materials

Completed& transferred 950 100% =950

Add Ending work in process 540 100%=540

Total 1,490 1,490

Calculation for the unit costs of production for conversion costs

Completed& transferred 950 100%=950

Add Ending work in process 540 40% =216

Total 1,490 1,166

3)Calculation for the assignment of costs to units transferred out and in process

Equivalent cost per unit Materials Conversion Cost Total

Beginning work in process

760 590 =1,350

Cost added during the year

2,630 2,700 =5,330

(1,590+1,110=2,700)

Total cost

3,390 3,290 6,680

÷Equivalent units of production 1,490 1,166

=Equivalent cost per unit

2.275 2.822

Cost of units transferred out=

950× (2.275+2.822)

Cost of units transferred out=950×5.097

Cost of units transferred out= 4,842

Cost of ending Work in process

Direct materials 540×2.275 =1,228

Conversion cost 216×2.822= 610

Total (1,228+610)= 1,838

4)Preparation of a production cost report for the month of July for the basketballs.

Production Cost Report

Direct Materials 1,350

Add cost added during the year 5,330

Cost to be accounted for 6,680

Cost to be accounted for

Cost transferred out 4,842

950× (2.275+2.822)

Add cost of ending WIP 1,838

Total 6,680

8 0

2 years ago