Answer:
46 days
Explanation:
Given that,
Ending Accounts Payable = $1,242
Cost of goods sold = 9,855
Average accounts payable = 1,193
Payable turnover ratio = Cost of goods sold ÷ number of days
= 9,855 ÷ 365
= 27
Days Payable Outstanding:
= Ending Accounts Payable ÷ Payable turnover ratio
= $1,242 ÷ 27
= 46
Therefore, the payable days outstanding for 2014 is 46.
Answer:
C
Explanation:
<em>A breach of contract occurs when one of the parties to a contract decides not to honor all or some of the terms spelled out in the contract. In other words, a breach of contract occurs when actionable terms in the contract are neglected by one of the parties to the contract.</em>
The actionable term in the contract signed by both Diary Farm and EZ Serve Ice Cream Company is for Diary Farm to supply milk to EZ Serve Ice Cream Company. <u>Hence, not supplying milk as agreed represents a breach of the contract, all other things being equal.</u>
Correct option: C
Answer:
Turnover = 4.02
Explanation:
Below is the given values:
Total sales = $25720000
Average operating assets = $6400000
Use the below formula to find the turnover.
Turnover = total sales / Average operating assets
Now plug the values in the formula and divide the total sales from average operating assets.
Turnover = 25720000 / 6400000
Turnover = 4.02
Noncash items, nonoperating items, and changes in current assets and liabilities are necessary adjustments to <u>net income</u>
In accounting, noncash objects are monetary gadgets which include depreciation and amortization which can be protected inside the enterprise' internet profits, but which do now not have an effect on the coins go with the flow.
Those non-coins sports may additionally include depreciation and amortization, in addition to obsolescence. Property, plant and gadget resides on the balance sheet. Those items are taken at the earnings assertion in small increments called depreciation or amortization.
They ought to be incorporated within the assertion of coins flows in a phase classified, "Significant Noncash Transactions."
Learn more about Noncash items here:- brainly.com/question/14008987
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Answer:
Quotas do not affect the equilibrium price, whereas tariffs do not affect the equilibrium quantity.
Explanation:
The import tariff decreases the import quality from AD to CB and increases the price of the good from P to P*. The import restricting effect and consumption effect is same for quotas and tariff. So, the deadweight loss from them is the same from quotas and tariff (HIJ and GEF).
Please observe the image attached.
However, tariff enables the government to increase their revenue from the imports while import quotas precludes such revenue (GEHI). Thus, the cost tariff is lower than the import quotas imposed.
