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ExtremeBDS [4]
3 years ago
5

Simon Company’s year-end balance sheets follow.

Business
1 answer:
klemol [59]3 years ago
3 0

Answer:

The answer is given below;

Explanation:

Days sales in inventory-2017= Average Inventory/Cost of goods sold*365

                                =(115,000+85,000)/2/(458,674)/365

                                =(100,000/458,674)*365

                                =80 days

Days sales inventory 2016= (85,000+56,000)/2/(385,686)*365

                                            =(70,500/385,686)*365

                                             =67 days

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Solution :

It is given that :

Amount of investment or the principle amount , P = $ 100

Time of investment , t = 6 years

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The following selected transactions were taken from the records of Rustic Tables Company for the year ending December 31: June 8
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Answer:

The journal entries for all transactions are as follows;

Explanation:

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Most likely business and pleasure.
5 0
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Monica heard that as a general rule, she should spend no more than one week's pay on rent. If Monica's salary is $42,068 per yea
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Machinery purchased for $150,000 by Tom Brady Co. in 2010 was originally estimated to have a life of 12 years with a salvage val
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Answer:

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