Dollar General Corporation operates general merchandise stores that feature quality merchandise at low prices. All stores are located in the United States, predominantly in small towns in 24 midwestern and south eastern states. In the current year, the company reported average inventories of $ 1,668 million and an inventory turnover ratio of 8.0.
Fixed assets turnover ratio = 9.04 Net sales / Avera.
This ratio divides net sales by net fixed assets, calculated over an annual period. The net fixed assets include the amount of property,
Using Fixed Assets turnover ratio, we can find the net sale
Fixed Assets turnover = Net sale/Average fixed assets
$ 2,098 Net sale/1218674000
Net sale is=$ 2,098 × 1218674000
Net Sales is=$ 9.140.055000
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In United States, the oranges are available round the year because the grocery stores sell oranges that are grown in locations with similar climates but different growing seasons.
<u>Explanation</u>:
Orange is a seasonal fruit. The growth of orange can be witnessed from November to April in the United States of America. The supply of orange will reach its peak during January-March.
Oranges are good source of vitamin C and are rich in nutrition. The antioxidant in the orange helps in lowering the risk of heart disease and kidney stones.
In United States, the oranges are available round the year because the grocery stores sell oranges that are grown in locations with similar climates but different growing seasons.
Aggressive organizational involvement is business political involvement when managers become personally involved in developing public policy
What is Aggressive organizational involvement ?
Workplace aggression is a general term that refers to actions taken by persons within or outside of an organization that are harmful to or intended to be harmful to others within the company. Aggression at work can be both verbal and violent, with the latter being referred to as workplace violence.
Given the large number of aggression-related constructs in the industrial/organizational psychology, human resource management, and organizational behavior literature, the definition and measurement of workplace aggressiveness have been the subject of significant debate.
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Based on the amount paid by Olive Company for the two year period, the adjusting entry on December 31 would be a debit to an expense and a credit to prepaid expense for $2,050.
<h3>What would be the adjusting entry?</h3>
Based on the accrual method, only costs for the year can be recorded as expenses.
If any costs are for other periods, those costs would be credited to prepaid expenses.
The expense for this year for management services would be:
= Number of months from July to December x Amount paid / number of months in contract
= 6 months x 8,200 / 24 months
= $2,050
In conclusion, expenses will be debited $2,050.
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Question Completion:
Options:
a. There must be at least two parties.
b. Each party is free to accept or reject the exchange offer.
c. Each party believes it is appropriate or desirable to deal with the other party.
d. Each party has something that might be of value to the other party.
Answer:
c. Each party believes it is appropriate or desirable to deal with the other party.
Explanation:
Criteria C is the criteria that will most directly relate to Deon's cancellation of the sponsorships. Business deals and relationships cannot be established or allowed to subsist when it becomes inappropriate or undesirable to deal with the other party because of controversial activities. This is more so when the activities involve political and social justice beliefs and differences. Ordinarily, business partners should not allow such personal prejudices to becloud their relationships. The best approach, therefore, is for business partners to keep their political and social justice beliefs personal and not make them public issues.
