The Current ratio equals 2.9, the Accounts receivable turnover equals 5.77 and Average collection period equals 63 days.
<h3>What is Current ratio?</h3>
= Current Assets / Current Liabilities
= 145,000 / 50,000
= 2.9
<h3>What is Accounts receivable turnover?</h3>
= Net sales / Average Accounts Receivable
= 375,000 / )(70,000 + 60,000) / 2)
= 5.76923076923
= 5.77
<h3>What is Average collection period?</h3>
= 365 Days /Average Receivable Turnover ratio
= 365 / 5.77
= 63.2582322357
= 63 days
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Answer: d. a misrepresentation of a fact knowing it is falso
Explanation:
Reliance that gives rise to liability for fraud requires intentional misrepresentation, that is a misrepresentation of a fact knowing that it is false. If Ness, the broker intentionally misled Ollie and advised Ollie to buy Penny stock shares based on Ness's that the stock price will rise Ness will be charged with fraud.
Your answer should be true
Answer:
Free youngboy
Explanation:
and blogging would be considrerd the sub
Answer:
b. Net Purchases + beginning inventory - ending inventory.
Explanation:
The formula to compute the cost of goods sold is shown below:
Cost of good sold = Beginning inventory + net purchase - ending inventory
We simply added the net purchase and deduct the ending inventory to the beginning inventory so that the correct value can be determined
It records that cost which is directly related to the product that means it excludes the indirect cost
