Answer:
second
Explanation:
you passed second not first
Answer:
$133,100
Explanation:
Given that,
Finished goods inventory, April 1 = $33,400
Finished goods inventory, April 30 = $27,300
Total cost of goods manufactured = $127,000
Cost of goods sold:
= Cost of goods manufactured + Beginning Finished goods inventory - Ending Finished goods inventory
= $127,000 + $33,400 - $27,300
= $133,100
Therefore, the cost of goods sold for April is $133,100.
Accounts receivable turnover is the number of times that a company collects its average account receivable per year. The ratio evaluates the ability of a company to issue credit to its customers efficiently and collect funds from them in a timely manner. A high turnover ratio indicates a number of high-quality customers. A low turnover ratio represents a large proportion of clients having financial difficulties. It also indicates an excessive amount of bad debt.
To answer the question -- what is the accounts receivable turnover for the imagine company, use this computation:
Given:
Net Sales - $1,000,000
Beginning Account Receivable =$700,000
Ending Accounts Receivable = $300,000
Let X = Accounts Receivable Turnover
X = Net Sales ÷ ((Beginning Accounts Receivable + Ending Accounts Receivable) / 2)
X= 1,000,000/ (700,000+300,000)/2
X = 1,000,000/ (1,000,000/2)
X = 1,000,000/500,000
X = 2
<span> </span>
Answer:
The answer is letter C.
Explanation:
The supply chain members are independent entities.
Because when the members of a supply chain are independent entities, the risks of conflicts related to goals, expectations, are bigger. Each one of them have their own agenda, so that is the main reason.
Answer:
stockholer's equity will be overstated by $800.
Explanation:
The adjustment required is to record $800 of supplies used as an expense, hence, by carrying out the adjustment, net income is overstated by $800 so also retained earnings and shareholders' equity.
In other words,the balance that would be left in supplies is opening balance of $200 plus purchase of supplies which is $950 minus the supplies used.
balance of supplies=$200+$950-$800=$350
Option B is wrong the balance expected is $350 and the balance without adjustment is $200,that is $150 understatement not $350
