Answer:
Days' sales in inventory = 24 days.
Explanation:
We know,
Days' sales in inventory = 365 ÷ Inventory Turnover
Given,
Inventory Turnover = Cost of goods sold (cost of merchandise sold) ÷ Average inventory
Inventory Turnover = $2,100,000 ÷ $140,000
Inventory Turnover = 15 times
Therefore,
Days' sales in inventory = 365 ÷ 15 times
Hence, Days' sales in inventory = 24.33 days
Days' sales in inventory = 24 days.
Days' sales in inventory indicates that within 24 days, the company can sell the inventory.
Answer:
The adjusting entry at the end of the year will include a credit to allowance for doubtful accounts in the amount of $910.
Explanation:
Allowance for Doubtful Accounts balance should be Credit balance, Since we have $120 debit balance and want to create $790 Allowance for Doubtful Accounts credit balance we have to credit Allowance for Doubtful Accounts by ($790 + $120 = $910) to get Allowance for Doubtful Accounts $790 Credit balance.
Therefore, The adjusting entry at the end of the year will include a credit to allowance for doubtful accounts in the amount of $910.
Answer:
1. Accounts Receivables Turnover Ratio = Net Credit Sales/Average Accounts Receivables = 400,000 / (51000 + 61000)/2
= 400,000/56,000
= 7.1 times
Inventory Turnover Ratio = Cost of Goods Sold/Average Inventory = (Sales-Gross Profit)/Average Inventory = (400,000 - 35% * 400,000) / (67000 + 46000)/2
=400,000 - 140,000 / 56,500
= 260,000 / 56,500
= 4.6 times
2. Average Days to Collect Receivables = 365/7.1 = 51.40 or 52 days
Average Days to Collect Inventory = 365/4.6 = 79.34 days
Answer:
After the election, democracy holders were elected, so very few qualifying voters took the trouble to exercise their right to vote in the province.
Social security policy exempted farm workers and domestic employees as these were the primary groups of black labor, and the south would exclude them.
After the Republicans lost chance in the South due to the blacks losing their democratic right to vote, the Democrats maintained an electoral hegemony in the area.
Answer:
Multinational strategy
Explanation:
According to my research on different business strategies, I can say that based on the information provided within the question the strategy being described is called a Multinational strategy. This strategy (like mentioned in the question) focuses on advertising and selling products and services to customers in different parts of the world by customizing them and offering competitive pricing in each location.
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