Answer:
B) cost of merchandise sold divided by average inventory.
Explanation:
Inventory turnover: It is a liquidity ratio that measures the number of times on average a company sold or replaced its inventory during the period. Computed as the cost of goods sold / by the average inventory on hand during the period. Analysts compute average inventory from the beginning and ending inventory balances. The ideal inventory turnover ratio is about 4 to 6, it is a rate at which restock item is well balanced with the sold inventory.
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Answer:
Dividend per share is 5.55.
Explanation:
Common stock has the market price = $57 per share
The total market value of the firm = $5130000
The liquidating amount of its division = $500000
Now we have to find the amount per share of the dividend, below is the calculation.
Number of outstanding shares = 5130000 / 57 = 90000
Dividend = 500000
Dividend per share = 500000 / 90000 = 5.55
Alright, so we start out with $12000, and we'd add from there. Since we add 1$ for every passenger, our equation with p being the number of passengers would be 1*p (e.g. for 1 passenger we have 1*1=1, 2 passengers we have 1+1(2 times)=2). Substituting 50,000 for p, we have 1*50,000=50,000. Next, we have to add 12,000 to that (as that's a flat fee) to get 50000+12000=62000
Answer:
Explanation:
The adjusting entries are shown below:
a. Unearned Fees A/c Dr $82,760
To Fees Earned A/c $82,760
(Being unearned fees are adjusted)
For recording the transactions we debited the unearned fees account and credited the fees earned account
b. Accounts Receivable A/c Dr $32,640
To Fees Earned A/c $32,640
(Being accrued fees recorded)
As the earned fees do not bill so we debited the account receivable account and credited the fees earned account