Answer:
INCREASE IN AVERAGE INVENTORY VALUE REQUIRED = $2.25 million
Explanation:
Inventory turnover will be determined as :
Inventory turnover = Annual sales ( at cost ) / Inventory value
Annual sales this year = $72million
Inventory turnover = 8 times
Therefore , Inventory value of current year = $72/8 =$ 9 MILLION
If annual sales ( at cost ) increases by 25%, Inventory value also has to increase by 25% to maintain the same inventory turnover ratio next year
Therefore , increase in average inventory value required = 25% of $9 million = $2.25 million
INCREASE IN AVERAGE INVENTORY VALUE REQUIRED = $2.25 million
Answer:
Absorb water means to suck up or drink in.
Leslie's budget is hurting in the areas of transportation, groceries, phone and dining out.
<u>Explanation:</u>
For transportation, cash is required for every day. So Leslie is spending more on transportation every month. Forgoing back and forth out anyplace she will burn through cash on transportation.
She is likewise spending cash on goods. Staple goods will be an essential one for living these days. So the financial backing is harming here.
She is spending another hand on the telephone and eating out. For the telephone, she will energize each month. She will feast out with companions each day.
I believe in this case that ABC motors is the customer
and the car was still being delivered to their office. Therefore the correct
answer to this is:
The title of ABC motors would be “Void”
<span>This is considered right away as Void since there was no
information or any knowledge on the part of ABC motors about the stolen car. </span>
Answer:
B. Unearned Revenue and a credit to Service Revenue.
Explanation:
The adjusting entry is given below:
Unearned revenue $1,000
To Service revenue $1,000
(Being service revenue is recorded)
Here unearned revenue is debited as it decreased the liabilities and credited the service revenue as it increased the revenue
Therefore the option b is correct