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Angelina_Jolie [31]

3 years ago

8

Calculate the inventory turns when Sales is $200,000,000, Cost of sales is $160,000,000, Average inventory is $ 40,000,000 and C

arrying cost is 12%

2 answers:

krek1111 [17]3 years ago

8 0

Answer:

68646868857764564566799

SIZIF [17.4K]3 years ago

4 0

68646868855764566799%%$^€$^__

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The December 31, 2015, balance sheet of Schism, Inc., showed long-term debt of $1,450,000, and the December 31, 2016, balance sh

baherus [9]

Answer:

The firm's cash flow to creditors during 2016 was -$131,000.

Explanation:

Cash flow to creditors

= Interest expense - (Ending LT Debt - Beginning LT Debt)

= $99,000 - ($1,680,000 - $1,450,000)

= -$131,000

Therefore, The firm's cash flow to creditors during 2016 was -$131,000.

7 0

3 years ago

The Baldwin company currently has the following balances on their balance sheet: Assets $180,506 Common Stock $11,365 Retained e

Amiraneli [1.4K]

Answer:

The total liabilities for the next year amount to 37163 $.

Explanation:

To calculate the liability we will use the simple equation given below.

Asset-equity=liability

Assets-RE=Liability

Current year Change* Next Year

Assets 180,506.00 29,506.00 151,000.00

Common Stock (11,365.00) 0 (11,365.00)

Retain Earning (92,472.00) (10,000.00) (102,472.00)

Liability- BaL figure 76,669.00 37,163.00

*Retain earning= Net profit- dividend

Hence balancing figure that is 37,163 dollars is liabilty for next year,

7 0

3 years ago

Oscar owns a building that is destroyed in a hurricane. His adjusted basis in the building before the hurricane is $130,000. His

Alinara [238K]

Answer: $132,000

Explanation:

Oscar's new basis on the building will be the basis of the old building plus any additional investment he added.

This is the because there is no gain on the $140,000 he received because it was an Involuntary Conversion amount and he reinvested it into another building within a period of 2 years.

As there is no gain, the building will retain it's original basis but will add any amount outside the involuntary replacement cost of the building.

The Additional basis will be,

= Cost of building - Insurance

= 142,000 - 140,000

= $2,000

The Basis for the new building is,

= 130,000 + 2,000

= $132,000

3 0

3 years ago

The illegal and unethical practice of providing old (or early) investors above-average returns on their investment with funds ra

Arada [10]

Answer:

Ponzi scheme

Explanation:

Ponzi scheme is a fraud investment strategy that promises to pay a substantial sum of returns. In a Ponzi scheme, generate income for the old investor by using the money of the newest investor and this chain goes on. This is basically a fraudulent scam or investment strategy to get a significant amount of money. Ponzi scheme is similar to pyramid strategy both are based on using new investor’s fund.

6 0

3 years ago

Craig, one of the senior managers at Clayton Inc., insisted that company supervisors handle employee relations as part of their

Alekssandra [29.7K]

Answer:

The supervisors represent the company on a day-to-day basis.

Explanation:

Craig said that the supervisors take employee relations as part of their jobs.

The option that buttresses this is that supervisors represent the company on a day-to-day basis. Meaning the supervisors as owners of the company, and as if they have a stake. Supervisors taking ownership presupposes they perform tasks like handling employee relations to ensure the business and the employee work harmoniously.

5 0

3 years ago