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4 years ago

What is the difference between a supermarket and a hypermarket

Business

1 answer:

vazorg [7]4 years ago

4 0

Super market are big but hypermarket is much bigger and it offers big ticket items such as appliances

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The Sarbanes-Oxley Act of 2002 holds a public company's _____ responsible for the accuracy of the company's financial statements

levacccp [35]

Answer:

The answer is: Management

Explanation:

Management (usually CEO and CFO) is responsible for preparing the financial statements of a publicly traded company. So they are ultimately responsible for the accuracy, integrity and objectivity of the financial statements.

Besides management, an independent auditor is responsible for examining the financial statement information and expressing an opinion on their accuracy.

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3 years ago

On a bank's balance sheet, ________ are assets and ________ are liabilities.

cricket20 [7]

Hey Friend.

C) is the answer. Transaction deposit is an asset since it increases what you already have, while reserves and loans decrease what you have, because you'll have to take out.

5 0

3 years ago

Read 2 more answers

Sapphire Aerospace operates 52 weeks per year, and its cost of goods sold last year was $6,500,000. The firm carries eight items

OLEGan [10]

a. The average aggregate inventory value is $336,000.

b. The number of weeks of supply that the firm has is 3 weeks, approximately (2.69 ($336,000/$6,500,000 x 52).

c. The inventory turnover of Sapphire Aerospace for last year was 19.3x.

Question Completion:

Category Part Number Average Value Total Category

Inventory Units per Unit Value Totals

Raw Materials RM-1 20,000 $1 $20,000

Materials RM-2 5,000 5 25,000

RM-3 3,000 6 18,000

RM-4 1,000 8 8,000 $71,000

Work-in-process WIP-1 6,000 10 60,000

WIP-2 8,000 12 96,000 $156,000

Finished goods FG-1 1,000 65 65,000

FG-2 500 88 44,000 $109,000

Total value of inventory $336,000 $336,000

Inventory turnover = Cost of goods sold/Average inventory

= 19.3x ($6,500,000/$336,000)

Thus, the average inventory value is $336,000, while the inventory turnover was 19.3x.

Learn more about inventory turnover here: brainly.com/question/5701250

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3 years ago

If the required reserve ratio

Radda [10]

Answer:

Explanation:

Formula: 1 / Reserve money ratio -> 1 / 0.25 = 4

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3 years ago

In September of Year 1, Hansen Company issued a note payable to borrow money from its bank. Principal and interest on the note w

Ghella [55]

Answer: True

Explanation:

As a result of the Accrual principle in accounting, transactions need to be recorded in the period that they occur in and not in the period they are paid for in.

The interest in Year 1 was incurred in year 1 and so will need to be recorded in year 1 for the period from issuance of the note to the last day of the accounting period.

This means that if the last day of the accounting period is December 31st, the interest for year 1 would have to be accrued from September to December of year 1 and recorded as year 1 interest.

4 0

4 years ago

What is the difference between a supermarket and a hypermarket​

What is the difference between a supermarket and a hypermarket