Answer:
C. Tracing sales invoices to shipping documents to test the occurrence of reported sales.
Answer: Abdominal Regions. right (1) and left (3) hypochondriac regions – on either side of the epigastric region. Contains the diaphragm, some of the kidneys, right side of the liver, the spleen and part of the pancreas
Explanation:
Answer:
B. One year or the operating cycle, whichever is longer.
Explanation:
Current Assets are assets that can be converted into cash within a year or an operating cycle whichever is longer.
Current Assets are presented first on a balance sheet and arranged in order of liquidity.
Examples of current assets are cash ,
cash equivalents , short-term investments, accounts receivable and stock inventory.
I hope my answer helps you
Answer:
Cash coversion cycle is 93.93 days
Explanation:
We have average:
+ Account receivable = $16,500; Inventory = $12,000; Account Payable = $6,100
Calculation of related conversion cycles:
Days inventory outstanding = Average inventory/COGS x 365 = (12,000/53,000) x 365 = 82.64 days
Days sales outstanding = Average receivable / Net sales x 365 = 16,500/113,000 x 365 = 53.30 days
Days payable outstanding = Average payable / COGS x 365 = 6,100/53,000 x 365 = 42.01 days
=> Cash conversion cycle = Days inventory outstanding + Days sales outstanding - Days payable outstanding = 82.64 + 53.30 - 42.01 = 93.93 days
Answer:
Total variable cost= $52,700
Explanation:
Giving the following information:
19,000 units:
Total variable costs= $58,900
Fixed costs= $38,000
<u>First, we need to determine the unitary variable cost:</u>
Unitary variable cost= 58,900/19,000
Unitary variable cost= $3.1
Now, the total variable cost for 17,000 units:
Total variable cost= 17,000* 3.1
Total variable cost= $52,700