Answer:A temporary account will not appear on a post-closing trial balance.
Explanation:
Answer:
B) all factors affecting demand, except income
Explanation:
Ceteris paribus can be used to identify the relationship between two specific variables, while leaving all other factors constant. In this case, since Jeremy is studying the effects of income on the demand (of anything really, not only Greek ceramics), it should affect all factors affecting demand except income. Jeremy is going to analyze how the quantity demanded changes when the income changes, all other things constant.
Answer:
45 days
Explanation:
Data provided
Credit Sales = $400,000
Accounts receivable turnover ratio = Credit Sales ÷ Average Accounts Receivables
= $400,000 ÷ ($100,000 + 0) ÷ 2
= 8 times
Average number of collection days = 360 ÷ Accounts Receivable turnover ratio
= 360 ÷ 8
= 45 days
Therefore for computing the average number of collection days we simply divide accounts receivable turnover ratio by 360.
B) Strategy formulation and strategy implementation.
It summarizes the process through which companies and organizations sets a list of goals, evaluate strategies, select strategies and implement them for evaluation.
Answer:
a. 148.57 for the year.
b. 2.45 days
Explanation:
a. Each hamburger patties cost $1.00 a pound and 4,000 quater pounds are supplied per week. 4 quater pounds make up 1 pound so;
= 4,000/4
= 1,000 pounds are supplied per week.
Inventory turnover = Cost of goods sold for the year/ Average Inventory
= ( Pounds per week * cost per pound * number of weeks in year)/ Average inventory
= ( 1,000 * 1 * 52) / 350
= 148.57 for the year.
b. Average Days of Supply = Average Inventory/cost of goods sold
= 350/( 1,000 * 1 * 52)
= 0.00673 per year
To convert to days multiply by;
= 0.006730 * 52 weeks * 7 days
= 2.44972
= 2.45 days
