Answer:
c. an employee and agent.
Explanation:
Based on the information provided within the question it can be said that with respect to sales at those locations homer is both an employee and agent. This is because he works for a company, therefore making him an employee. But at the same time he is authorized to act on behalf of Garage Door therefore making him an agent.
Answer:
d. All of these answer choices are correct.
Explanation:
Is important to match the expenses with the revenues they are related. If for tax purposes we can deduct a full equipment value in one year. This means we are goung to pay higher income taxes in the future as we don't have the depreciation expense available for taxes porpuses.
The use of deferred incoem tax will be useful to knwo how much are the actual cash obligation and the expected value of the future cash obligations
Answer:
=112.785
Explanation:
Average days in inventory is financial ratio that shows the average number of days a company takes to turn its inventory.
The formula for calculating the average days in inventory is as below.
Days in inventory = Average inventory /cost of goods sold x 365
for Re-UP Enterprises: average inventory = $189,880
cost of goods sold =$613,500,
Days in inventory
= $189,880/613,000 x 365
=0.309 X 365
=112.785
