Answer:
$251,000
Explanation:
The computation of the total book value of the firm's assets is shown below:
= Historical cost of building + cost of other fixed asset - total depreciation charged on the various assets + current liabilities + net working capital
= $189,000 + $56,000 - $49,000 + $36,600 + $18,400
= $251,000
We added the other cost which is computed above and deduct only the total depreciation so that the total book value of the firm's asset has come
The reason that the companies are selling their goods on an open account because of the fact that competitive pressure are likely to push firms into engaging and selling into open account basis, that is why major companies are likely to sell goods in an open account.
Answer: D-its inventory level is too high
Explanation:
Inventory turnover is a ratio that shows a company how efficient it sells its products. A high turnover means that the company is generating sales efficiently for inventory, while a low turnover means not generating efficient sales for inventory.
Also a low quick Ratio means when a company does not have enough current assets and lacks inventory in order to cover it's short term debt
Since, Okra Corp. has a low inventory turnover, a high current ratio, and an average quick ratio, it will generate inventory that is too high leading to poor sales.
"what is south korea's opportunity cost of producing one digital camera?"
A: 20lbs of wheat.
Answer:
Journal entry that Parent will make on the date of acquisition to record the investment in Son Inc. is <u>$1035000.</u>
Explanation:
Journal entry Parent make on the date of acquisition to record the investment in Son Inc.
The net worth of Son’s Inc. is $ 1150000. The parent acquires 90 % of it . So we assume that 90 % stock is held by parent for $ 1035000.