Answer: Cooperative
Explanation:
A cooperative is an independent association of people united voluntarily in order to meet their common economic, cultural and social needs and through a jointly owned enterprise.
A cooperative society is a group of people who possess specific common needs. The purpose of a cooperative society is to improve the economic status of its members. Cooperative societies usually offer their products to their members at a discount.
Answer:
Purchases= 19,625 pounds
Explanation:
Giving the following information:
Production in units:
February= 20,000
March= 18,500
The inventory of materials at the end of each month should equal 25% of the following month's production needs.
<u>To calculate the purchases of raw materials, we need to use the following formula:</u>
Purchases= production + desired ending inventory - beginning inventory
Purchases= 20,000 + (18,500*0.25) - (20,000*0.25)
Purchases= 19,625 pounds
Answer:
$36,000
Explanation:
Calculation to determine what the segment margin for Product P was
Using this formula
Net operating profit= (Segment margin Q + Segment margin P) - Common fixed expenses
Let plug in the formula
28,000= (52,000 + segment margin P) -60,000
88,000= 52,000 + segment margin P
36,000= segment margin P
Therefore the segment margin for Product P was:$36,000
Answer:
B) Indicates how many times the receivables were converted into cash during the year.
Explanation:
Account receivable Turnover is a ratio which shows that how many times the account receivable is converted into cash in a given period of time. It shows the efficiency of recovery from customer by a company. A company with higher turnover ratio is considered to more profitable and its liquidity is higher. A company with lower Turnover will have low profits and may face liquidity problems.
