<span>Ron is the son who should classify his land as inventory instead of as a fixed asset because fixed assets typically lose value over time, or depreciate, and they do not get converted into cash. In this case, Ron's land would be classified as inventory.</span>
Answer:
Yes I agree
Explanation:
I do agree with the early characterization of innovation for the following reasons. They are :
-- The meaning of innovation means that its a new idea, a new method or a new product. It deals with the newness of any thing. Now for the characterization of innovation by Schumpeter, it suggests that it deals with the newness of any item or market or any product. Some of the people may argue that a market place is not a new concept, it existed from before and the marketers do identify the market. So it is a innovation and not a discovery.
Thus innovations is also about identification and exploring the unexplored areas.Innovation is a vast word and have a vague meaning. Schumpeter characterized suggests that innovation covers a wide area.
Answer:
.B. 9.6
Explanation:
The formula and the computation of the accounts receivable turnover ratio is shown below:
Account receivable turnover ratio = Net credit sales ÷ Average accounts receivable
where,
Net credit sales is $240,000
And, the Average accounts receivable would be
= (Accounts receivable, beginning of year + Accounts receivable, end of year) ÷ 2
= ($20,000 + $30,000) ÷ 2
= $25,000
So, the accounts receivable turnover ratio would be
= $240,000 ÷ $25,000
= 9.6 times
True I think I’m not sure :/
