121.67 days 
Days in inventory is a measure of the average number of days that inventory is held. 
365 days / ($285,000 / (80000+110,000)/2))
365 / (285,000 / {190,000/2})
365/ (285000/95000)
365/3 = 121.67 (rounded)
 
        
             
        
        
        
Answer:
                                  Journal Entries
Date        Account Titles and Explanation      Debit       Credit
Oct. 1       Cash                                                  $34,040
                      Common Stock                                           $34,040
               (To record the cash is invested in the business)  
Oct. 2	No Journal Entry                               $0
Oct. 3      Office Furniture                                  $4,110
                     Accounts Payable                                         $4,110
                (To record the purchase of office furniture on account)  
Oct. 6      Accounts Receivable                          $10,780
                        Service Revenue                                         $10,780
                  (To record the services provided but cash is not yet collected)
Oct. 10      Cash                                                    $165
                       Service Revenue                                           $165
                 (To record the services provided by cash)  
Oct. 27      Accounts Payable                              $690
                         Cash                                                             $690
                  (To record the payment made on accounts payable 
                   relating to office furniture)  
Oct. 30      Salaries Expense                                 $2,740
                          Cash                                                           $2,740
                   (To record the payment of salaries to the assistant)
 
        
             
        
        
        
Answer:Multi national company
Explanation:
 
        
             
        
        
        
Answer: Straight line method of depreciation
Explanation: Under the straight line method of depreciation the asset is expensed over its useful life. In this method, depreciation or amortization is calculated by dividing the difference of initial cost and salvage value of the asset from its useful number of years.
This method is not commonly used for assets having longer term period but still some business entities use it as it is easy to calculate.
 
        
             
        
        
        
As the CFO has been asked to present a financing plan to the board, his best approach to keep the company from being heavily leveraged from product launch will be to maintain a moderate debt level. 
<h3>What do we mean by Financial leverage?</h3>
Basically, a leverage means the use of debt (borrowed capital) in order to undertake an investment or project. The result of the process is to multiply the potential returns from a project but it will also multiply the potential downside risk in case the investment does not pan out. 
Going forward, when we refers to a company as "highly leveraged," this  means that item has more debt than equity. In conclusion, most investors use leverage to significantly increase the returns that can be provided on an investment.
Read more about Financial leverage
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