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cupoosta [38]
3 years ago
11

A firm has sales of $3,340, net income of $274, net fixed assets of $2,600, and current assets of $920. The firm has $430 in inv

entory. What is the common-size statement value of inventory? A. 44.16 percent B. 16.54 percent C. 13.36 percent D. 12.87 percent E. 12.22 percent
Business
1 answer:
Vlad [161]3 years ago
8 0

Answer:

The answer is E. 12.22 percent.

Explanation:

The calculation for common-size percentage is: (Amount / Base amount) x 100.

On the balance sheet or financial position the base is total assets and on the income statement the base is net sales.

The common-size statement value of inventory will be:

Value of inventory/total assets.

Total assets = $2,600 + $920

=$3,520

Value of inventory = $430

Therefore, we have:

($430/$3,520) x 100

12.22percent.

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Outose Concept manufactures small tables in its Processing Department. Direct materials are added at the initiation of the produ
Radda [10]

Answer:

Option (C) is correct.

Explanation:

Given that,

Data for December 2017,

WIP, beginning inventory​ 12/1/2017 = 22,500 units

Started during December = ​ 76,700 units

Units Completed and transferred out​ 12/31/2017 = 72,300

Ending inventory​ 12/31/2017 = ​18,400 units

Therefore,

Number of total spoiled​ units:

= (Beginning inventory + Started during December) - (Units Completed and transferred out​ + Ending inventory​)

= (22,500 +  76,700) - (72,300 + 18,400)

= 99,200 - 90,700

= 8,500 units

6 0
3 years ago
Board of directors of 'Fairdeal limited' has formulated a policy for human resources development. According to this policy, cert
BigorU [14]

Answer:

Internal employment source

Explanation:

When a company chooses from among its existing employees to fill up open job position it sourcing internally, however if it recruits from outside the organisation it is an external employment source.

Therefore, the policy decision of the Board of directors of 'Fairdeal limited' adopted the internal employment sourcing.

5 0
3 years ago
Retained earnings is: Multiple Choice The positive cash flows of a company. The net worth of a company. The owners' equity that
zheka24 [161]

Answer:

The net worth of a company

Explanation:

Retained earnings is what is left of net income after paying out dividends

Retained earnings = beginning of period retained earnings + net income - dividends

7 0
3 years ago
Which of the following is NOT a result of good customer service?
ikadub [295]

Answer:

Employees will take less pride in their job.

Explanation:

Customer relationship management (CRM) typically involves the process of combining strategies, techniques, practices and technology so as to effectively and efficiently manage their customer data in order to improve and enhance customer satisfaction.

Simply stated, CRM is a strategic process which typically involves collecting customer information for the purpose of improving a customer's future experience.

A good customer service involves providing a timely, upbeat, and quality level of service, as well as attentive feedbacks to the customers that patronizes an organization. Thus, it ensures that the needs or wants of the customers are attended to in a matter that reflects positively on an organization.

This ultimately implies that, employees taking less pride in their job is not a result of good customer service because they are groomed to enjoy proffering solutions to the buying-selling related problems faced by a customer, especially those that are within their capacity to solve.

7 0
3 years ago
Grayson was employed as a field technician servicing building HVAC systems, but because of a downturn in the economy, he was lai
Bumek [7]

The statement <u>A. Grayson is underemployed</u> best describes the Grayson's situation.

<u>Explanation</u>:

A person is said to be underemployed if he works for low wage or works for the job that does not make use of his skills.

Underemployment occurs due to excess of labor availability in-spite of work demand. The technological change may also cause underemployment. Underemployment causes due to decline in the economy.

In the above scenario, Grayson was underemployed due to downturn in the economy. He previously worked as a field technician but he was laid off due to decline in economy. Later he was appointed as stock employee at Home Depot.

6 0
3 years ago
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