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dalvyx [7]
4 years ago
11

New Oaks Winery requires two months to make wine, two years to age it, one month to bottle it, two months to sell it, and one mo

nth to collect the receivable. Its operating cycle is:.
Business
1 answer:
Shtirlitz [24]4 years ago
4 0

Answer:

30 Months.

Explanation:

According to my research on business process', I can say that based on the information provided within the question the operating cycle for New Oaks Winery is 30 Months. This is because a business' operating cycle is the amount of time required for a business to make the initial amount cash needed to produce more goods, sell them, and receive more cash from the clients. In this situation this is calculated like so.

2 months (make wine) + 24 months (aging) + 1 month (bottling) + 2 months (selling) + 1 month (cashing in) = 30 months (operating cycle)

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

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How can a reduction of​ in-transit inventory be​ encouraged?
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Supplier location near plants is the thing you must do for the reduction of in-transit inventory.Good in transit is to merchandise and other types of inventory that had left in the sales or the shipping dock seller, but not yet reached the receiving dock of the buyer. The answer in this question is supplier location near plants.
5 0
3 years ago
According to the "guns & butter" example, if a country decides to spend more on military goods, what will happen?
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3 years ago
Colorado Corporation has two classes of​ stock: common, ​$3 par​ value; and​ preferred, ​$30 par value.Requirements1.Journalize
Alborosie

Answer:

1)

Debit   Cash/Bank 27,000    (4,500 shares x $6 per share)

Credit  Common Stock 13,500  (4,500 shares x $3 per share)

Credit  Paid-In Capital in Excess of Stated Value—Common 13,500  (4,500 shares x $3 per share)

2)

Debit   Cash/Bank 135,000  (4,500 shares x $30 per share)

Credit  preferred Stock 135,000  (4,500 shares x $30 per share)

Explanation:

any issuing price of stock above par value will be credited in "Paid-In Capital in Excess of Stated Value—Common"

8 0
3 years ago
Sunland Company has the following account balances: Sales Revenue $226,700, Sales Discounts $4,410, Cost of Goods Sold $129,600,
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Answer and Explanation:

The Journal entry is shown below:-

1. Sales revenue Dr,  $226,700

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(Being close accounts with credit income balances is recorded)

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(Being close accounts with debit expenses account is recorded)

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The allotment of narrow, specialized portions of a large tasks to specific workers is known as the:
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