Answer:
sales turnover = 1.062
Explanation:
where:
1,458,000+1,556,000 = 1,507,000 average assets
1,600,000/1,507,000 = 1.061712011 = 1.062
<u>The inventory is irrelevant for the calculation.</u>
Answer:
a. Debit Accounts receivable for $600
Explanation:
As Greasy catering company provided services but had not got the bill from the customer, it increases an asset. According to the revenue recognition principle, revenue has recognized whenever it is provided not when the cash is received. In that case, the journal entry to record the transaction is -
Accounts receivable (Debit) $600
Revenue (Catering) (Credit) $600
Accounts receivable is debit because the company owes the amount from the customers.
ethical communicate Even though hard skills are crucial in every field, SMEs and larger businesses are increasingly aware of the value of soft skills and emotional intelligence in building productive working connections.
Unlike emotional intelligence, which is based on an empathetic ability to comprehend people and is related to having the ability to effectively ethical communicate with people, logical intelligence refers to one's cognitive aptitude. The second half of a worker's skill set, known as soft skills, consists of a range of workplace competences that are centered on getting along with people, including ethical communication, the most important soft skill. While there are many different communication concepts that organizations need to be aware of, the most crucial is ethical communication.
learn more about ethical communicate here:
brainly.com/question/28040697
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Answer:
The answer is: the unit variable expense is $1.20 per machine hour
Explanation:
In order to calculate the unit variable cost we first take the month with the highest and lowest maintenance expense and machine hours (Highest = month 6, Lowest = month 11). We use the following formula:
unit variable cost = (highest expense - lowest expense) / (highest machine hours - lowest machine hours)
= ($3,680 - $2,780) / (2,440 - 1,690) = $1.20 per machine hour
Cash.
A-C are all different forms of borrowed money. It is generally better to NOT borrow money to pay for something, because you will have to pay back the amount borrowed plus interest.