Answer:
$9.7 million
Explanation:
The amount of warranty expense on Angel's 2021 income statement = Net sales x 5%
= $194 million x 5%
= $9.7 million
Thus, the amount of warranty expense on Angel's 2021 income statement will be $9.7 million
This type of internal network is called INTRANET. Intranet is a local and restricted communication network that is contained within an enterprise. An intranet usually include connection through gateway computers to the outside internet. An intranet is a network where employees can communicate, collaborate, create contents, etc.
Answer:
The company's days' sales in receivables is 22 days
Explanation:
In order to calculate the company's days' sales in receivables we would have to calculate first the total sales with the following formula:
Total Sales = Net Income / Profit Margin
= $190,000/9.4%=$2,021,276
Hence, Credit Sales = $2,021,276*0.85= $1,718,085
Accounts receivable turnover ratio = Credit sales / Accounts Receivable
= $1,718,085 /$106,351
= 16.15485
Therefore, Days sales in receivables = 365/16.15485= 22.59 days
The company's days' sales in receivables is 22 days
Answer:
The amount of total assets at the end of the year is $15,600
Explanation:
The computation of the total assets is shown below:
= Borrowed amount + issued stock to owners + purchase of supplies - paid to supplies
= $5,000 + $10,000 + $1,000 - $400
= $15,600
We considered all the items which are given in the question. The payment made to supplies should be deducted as it reduced the balance of cash So, the remaining items would be added
The answer is letter b.
GDP is the total monetary value of all the finished goods and services produced in a country in a given period. It is usually calculated in an annual basis, but can be calculated quarterly-basis.
