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Karolina [17]
3 years ago
5

The account Work-in-Process Inventory: Group of answer choices Consists of completed goods that have not yet been sold. Consists

of goods being manufactured that are incomplete. Consists of materials to be used in the production process. Consists of the cost of new materials used, labor but not overhead.
Business
2 answers:
LuckyWell [14K]3 years ago
6 0

Answer:

B) Consists of goods being manufactured that are incomplete.

Explanation:

Rudiy273 years ago
5 0

Answer:

Consists of goods being manufactured that are incomplete.

Consists of materials to be used in the production process.

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Formulating Financial Statements from Raw Data
Tpy6a [65]

Solution:

General Mills, Inc., Income statement for year ended May 25, 2003

Particulars                                               Millions $

Revenue                                                $10,506

Less Cost of goods sold                       - 6,109

                                                            ----------------

Gross profit                                            4,397

                                                            ----------------

Less operating expenses                     - 3,480

                                                            -----------------

                                                                  917

                                                             -----------------

Balance sheet May 25, 2003

Assets             Million $            Liabilities                             Million $

Cash                  703                 Total Liabilities                      13,752

Non cash           17,524            Stockholders' equity              4,475

Total assets       18,227             Total Liabilities & equity       18,227

Statement for cash flows for year ended May 25, 2003

            Particulars                                                     Million $

    Cash from operating activities                                 1,631

    Cash from financing activities                                 - 885

    Cash from investing activities                                 - 1,018

                                                                                    --------------

   Net change in cash                                                      -272

                                                                                    ----------------

   Cash, beginning year                                                   975

                                                                                     -----------------

                                                                                           703

A negative amount for cash from financing activities reflects the reduction of long term debt

                   Profit margin = ( Net income / Revenue ) * 100

                                         = ( 917 / 10,506 ) * 100

                                         = 8.72%

                   Asset turnover = Revenue / total assets

                                             = 10,506 / 18, 227

                                             = 0.57

                  Return on assets =( Net income / Total assets ) * 100

                                                = ( 917 / 18, 227 ) *100

                                                = 5.03%

                  Return of equity = ( Net income / Total shareholder equity )*100

                                               = ( 917 / 4,475 ) *100

                                               = 20.49%

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For greater holding power crossing the securement straps is acceptable?
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Yes it is acceptable
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Resources tend to be allocated inefficiently when goods
tensa zangetsu [6.8K]

Answer:

when good are free of charge

Explanation:

8 0
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Low budget sports and entertainment marketers who want to use 21st century advertising wisely can benefit from ?
kodGreya [7K]

Answer:

the answer is your 2nd choice.

Explanation:

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7 0
3 years ago
Read 2 more answers
Lockdown Industries produces a variety of anti-crime and safety products such as burglar alarms, smoke detectors, surveillance c
vlabodo [156]

Answer:

<u>customer type.</u>

Explanation:

Lockdown Industries sells products to different types of customers, it would be ideal to use a departmental marketing strategy for each type of potential customer. This would benefit from directing strategic communication that is essential for retaining each type of customer the company has, facilitating the optimal approach, retention and capture of new customers.

3 0
3 years ago
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