Answer:
Wilkens' days in inventory for 2017 = 60.833
Explanation:
Given:
Sales = $1,800,000
Beginning inventory = $160,000
Ending inventory = $240,000
Gross profit = $600,000
Inventory turnover = 6 times
Wilkens' days in inventory for 2017 = ?
Computation of Wilkens' days in inventory for 2017:
Wilkens' days in inventory for 2017 = Number of days in a year / Inventory turnover
Wilkens' days in inventory for 2017 = 365 / 6 times
Wilkens' days in inventory for 2017 = 60.833
Answer:
$306,000
Explanation:
The formula and the computation of the cost of good sold is shown below:
Cost of goods sold = Opening balance of merchandise inventory + Purchase made - ending balance of merchandise inventory
= $85,000 + $323,000 - $102,000
= $306,000
Basically we have applied the above formula to find out the cost of goods sold
Answer:
a. (1) make the plan, then (2) carry out the plan.
Explanation:
The cycle of the planning/ control comprises of following steps
1. Make the plan
2. After that carry out the plan
3. Now the control is there by comparing
4. And finally, the control could be taken by taking corrective actions
According to the given situation, the correct option is a
And, the rest of the options are wrong
If the sender is not readily identified, we label it propaganda.
Usually, propaganda is used to advertise political causes, and to persuade you into believing that particular promotion. They want you to join them, and to follow their leader, which is why they are promoting their own causes, whilst not identifying themselves.
