Answer:
inventory turnover = $15.879
Explanation:
given data
Net Revenue = $27,500
Cost of sales = $19,690
Inventory = $1,240
Total assets = $17,990
assets invested = 8%
to find out
Baker's inventory turnover
solution
we will apply here formula for inventory turnover that is express as
inventory turnover = 
..........................1
put here value we get
inventory turnover = 
inventory turnover = $15.879
Answer:
C) Cash...........................600,000............Unearned Subscription Revenue.....600,000
Explanation:
January 31: 60,000 subscriptions sold
- Dr Cash account 600,000
- Cr Unearned Subscription Revenue account 600,000
Since cash is an asset account and it increases, then it should be debited.
Unearned revenue is a liability account, since the company received money in advance for future publications. When liabilities increase, they should be credited.
Answer:
$1.47
Explanation:
Diluted earnings per share = Earnings before preferred stock dividends ÷ Weighted Average Number of Common Stock Outstanding
<em>where,</em>
<u>Earnings before preferred stock dividends is calculated as :</u>
Net Income $3,470,000
Add Preferred Stock Dividends $195,000
Earnings attributable to Common Stock holders $3,665,000
<u>Weighted Average Number of Common Stock Outstanding is calculated as </u>:
Outstanding end of the year 2,500,000 shares
therefore,
Diluted earnings per share = $3,665,000 / 2,500,000 shares = $1.47
Answer:
The correct answer is letter "D": Criterion-related validation.
Explanation:
Criterion-related validation is a reliability test that measures certain inputs in an attempt of predicting the performance of other groups of individuals who will be measured under the same criteria. The measure obtained in the first evaluation is called the predictor variable or estimator. Intelligence Quotient (IQ) tests are typical examples of the use of criterion-related validation methods.
