Answer:
Ramon can not become a shareholder.
Explanation:
Ramon is a Mexican citizen and can not become a shareholder because he is not a United States citizen (or permanent resident.)
Answer:
The days' inventory outstanding was 107.35 days
Explanation:
The days' inventory outstanding indicates how many days on average a company turns its inventory into sales. Days' inventory outstanding is calculated by using the following formula:
Days' inventory outstanding = (Average inventory / Cost of goods sold) x 365 days
In there,
Average inventory = (Beginning Inventory for the year + Ending Inventory for the year)
/2
In Carey's Department Store,
Average inventory = ($4,000,000 + $6,000,000)/2 = $5,000,000
Days' inventory outstanding = ($5,000,000/$17,000,000)x365 = 107.35 days
Answer: Encumbrance
Explanation:
An encumbrance is the term which refers to the right to the real properties and the legal liability which basically limits the owner interest and also it may diminished the value of the property. An encumbrance is basically classified into the two main categories such as:
- Financial
- Non-financial
The main purpose of the encumbrance is that it basically avoiding the overspending in terms of budget and it is used as the planning tool for predicting the overall cash outflow in the accounting.
Therefore, Encumbrance is the correct answer.
In economics, activities done for others, such as providing house cleaning or dental work, are referred to as services. Tangible merchandise on the other hand are referred to as goods. When firms produce services at the lowest cost p<span>roductive efficiency is achieved.</span>
Answer:
8448.22
Explanation:
We are asked to calculate the present value of 20,000 in ten years.
<em>Resuming: </em>in this kind of problems we are asked for which lump sum becomes a certain amount in a given period of time at an annual rate