Answer:
<em><u>The </u></em><em><u>switch </u></em><em><u>virtual</u></em><em><u> </u></em><em><u>interface</u></em>
________________________________
<em>Switch</em><em> </em><em>Virtual</em><em> interface</em><em> </em><em>(</em><em>SVI</em><em>)</em><em> </em><em>A </em><em>virtual</em><em> </em><em>port </em><em>on </em><em>multiplayer</em><em> </em><em>(</em><em>layer </em><em>2</em><em> </em><em>&</em><em> </em><em>3</em><em>)</em><em> </em><em>switch</em><em> </em><em>that </em><em>routes </em><em>traffic</em><em> </em><em>from </em><em>VLANs </em><em>to other VLANs </em><em>(inter VLAN routing) a logical interface on a switch that is associated with one VLAN which may used to route between 2 + VLAN's connected to a switch without a router being present</em>
Answer:
2 times
Explanation:
The computation of accounts receivable turnover is shown below:-
Account receivable turnover ratio = Net credit sales ÷ Average accounts receivable
where,
Net credit sales is $1,000,000
And, the Average accounts receivable is
= (Accounts receivable, beginning of year + Accounts receivable, end of year) ÷ 2
= ( $700,000 + $300,000) ÷ 2
= $500,000
Accounts receivable turnover = Net sales ÷ Average accounts receivable
= $1,000,000 ÷ $500,000
= 2 times
Answer:
False
Explanation:
Illiquidity in the context of a business refers to a company that does not have the cash flows necessary to make its required debt payments, although it does not mean the company is without assets.
Answer:
$685,000
Explanation:
First and foremost, the formula for determining the contribution margin ratio can be used to determine the target dollars sales as shown below:
contribution margin ratio=contibution margin/sales revenue
contribution margin ratio=16%
contribution margin required=pretax income+fixed costs
contribution margin required=$71,200+$38,400=$109,600
16%=$109,600/sales revenue
16%*sales revenue=$109,600
sales revenue=$109,600/16%
sales revenue=$685,000
Answer:
<u>Journal 1</u>
Debit : Prepaid Expense $37,600
Credit : Cash $18,800
Credit : Insurance Expense $18,800
<u>Journal 2</u>
Debit : Dividends $18,000
Credit : Wages $18,000
Explanation:
Journal 1
The first error has to be corrected by debiting the Prepaid Expenses by twice the amount paid to cancel the effect of a credit entry made to that account. Cash is credited to show the correct credit entry that was supposed to be made. Insurance expense is credited to cancel the debit entry made to this account in error.
Journal 2
The error made is called error of principle. This is were the transaction is recorded in the wrong class of accounts. Simply, Debit the Dividends and credit the Wages Account to record and reverse the error out of the Wages Account into the Dividends Account.
