Answer:
d. 108 days
Explanation:
Average Inventory = (Beginning balance + Ending balance) / 2
Average Inventory = ($139,000 + $158,000) / 2
Average Inventory = $297,000 / 2
Average Inventory = $148,500
Inventory Turnover ratio = Cost of goods sold / Average Inventory
Inventory Turnover ratio = $501,000 / $148,500
Inventory Turnover ratio = 3.37 times
Average days to sell inventory = Days in a year / Inventory Turnover ratio
Average days to sell inventory = 365 days / 3.37 times
Average days to sell inventory = 108.31 days
Answer: Option (A) is correct.
Explanation:
Given that,
Sold a used industrial crane = $600,000 cash
Original cost of the crane = $5.0 million
Accumulated depreciation = $4.2 million
Book value as on date of sales = Original cost - Accumulated depreciation
= $5.0 million - $4.2 million
= $0.8 million
= $800,000
Hence,
Loss on sales = Sales proceeds - Book value
= $600,000 - $800,000
= -($200,000)
Answer:
Negligence Per Se
Explanation:
The reason is that a person is found negligent because the level duty of care he was supposed to adhere was not sufficient and also that he was talking on his cell phone, which is not allowed according to traffic rules. The Taxi driver is required to compensate Kayla for the loss arising due to his negligence. Kayla can sue him in the court by saying that Jerry was negligent.
Expanding on the Truth in Lending Act (TILA), the act was designed to protect consumers from unfair practices on the part of credit card issuers. It aims to eliminate or lower certain credit card charges, minimize manipulation of younger customers, and provide greater disclosure of fees to all users.
Answer: Balance of payment
Explanation: Balance of payment approach argues that equilibrium exchange rate are achieved arising from current account activities are equal to foreign exchange net outflows.
Balance Of Payment (BOP) is defined as a statement that records all monetary transactions that are made between residents of a country and the rest of the world during given period of time. Balance Of payment deficit on the other hand indicates that importations from a country are more than its exportations.