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3 years ago

There would be no seperation between one country's economy and another's if the entire world

Business

1 answer:

mamaluj [8]3 years ago

5 0

Answer:

Had the same currency.

Explanation:

Most countries have their own form of money (currency) which is traded and valued at different rates. If the entire world had the same currency then trade and purchases would be equalized across the globe and there would be less separation between economies.

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On December 31st, Datton, Inc. has cost of goods sold of $ 550000, ending inventory is $ 101000, beginning inventory is $ 120

Gnoma [55]

Answer:

72 days

Explanation:

The computation of the accounts payable turnover ratio is shown below:

Accounts payable turnover ratio = Total Purchases ÷ Average Accounts payable

As we know that

Cost of goods sold = Beginning inventory + total purchases - Ending inventory

i.e

Total Purchases = Cost of goods sold + Ending Inventory – Beginning Inventory

= $550,000 + $101,000 - $120,000

= $531,000

So, the account payable turnover ratio is

= $531,000 ÷ $105,000

= 5.06 times

Now in days it is

= 365 days ÷ 5.06 times

= 72 days

5 0

3 years ago

g The lower risk nature of longminusterm debt in a firm's capital structure is due to the fact that ________. A. the debt hold

IRINA_888 [86]

Answer:

The correct option is C states that creditors have a higher position in the priority of claims.

8 0

3 years ago

The journal entry to transfer completed products from production to finished goods inventory includes which two of the following

Talja [164]

Answer:

Debit finished goods inventory

Credit Work in Process Inventory

Explanation:

The journal entry that is required to transfer the completed products from the production stage to finished goods inventory which is the amount of goods in the inventory that have been produced and as well is available and ready for customer to buy will includes to Debit finished goods inventory and to Credit Work in Process. Inventory

Debit finished goods inventory

Credit Work in Process Inventory

(Being to record finished goods inventory)

7 0

3 years ago

In a perfectly competitive market, Multiple Choice all firms produce and sell a standardized or undifferentiated product. the ou

Umnica [9.8K]

Answer:

all firms produce and sell a standardized or undifferentiated product

Explanation:

A perfectly competitive market is a market in which there are many companies that offer the same product, there are not entry barriers which makes it easy for an organization to enter or exit the market. Also, the companies are not able to influence the market and they are not able to control the conditions in it. According to this, the answer is that in a perfectly competitive market, all firms produce and sell a standardized or undifferentiated product.

6 0

3 years ago

Beginning inventory Merchandise $302,000 Finished goods $604,000 Cost of purchases 420,000 Cost of goods manufactured 760,000 En

trapecia [35]

Answer:

A. $520,000

B. $1,168,000

Explanation:

Computation to determine the cost of goods sold for each of these two companies for the year ended December 31, 2017.

a. UNIMART Partial income statement

For the year ended December 31,2017

COST OF GOODS SOLD

Beginning merchandise inventory $302,000

Cost of purchase $420,000

Goods available for sale $722,000

Less; Ending merchandise inventory ($202,000)

Cost of goods sold $520,000

b) PRECISION Manufacturing

Partial income statement

For the year ended December 31,2017

COST OF GOODS SOLD

Beginning finished goods inventory $604,000

Cost of manufactured $760,000

Goods available for sale $1,364,000

Less; Ending finished goods inventory ($196,000)

Cost of goods sold $1,168,000

Therefore the cost of goods sold for each of these two companies for the year ended December 31, 2017 will be:

Unimart $520,000

Precision $1,168,000

7 0

3 years ago

There would be no seperation between one country's economy and another's if the entire world ​

There would be no seperation between one country's economy and another's if the entire world