Answer:
The average number of times inventory is sold during the period.
Explanation:
Inventory turnover by definition is the relationship between inventories and the cost of goods sold by a firm. It measures on average, how many times the inventory was restocked and sold in the operating period.
A higher number usually suggests a healthier operation cycle for a business.
It is measured by,
Inventory turnover = Cost of goods sold / Average inventory
Option 1 and Option 3 are related to the performance of accounts receivables. Option 3 is the closest to above mentioned definition. Option 4 is only measuring the inventory clearance time.
Hope that helps.
False
Aperture and shutter speed are not separate entities
It depends in if you noticed or not because if you did you would be responsible for telling them. if you didn't notice then it would be their responsibility.
hope that helped
Answer:
Direct Marketing
Explanation:
These companies and many more rely on selling door to door, using home sales parties, etc. They do not involve huge media campaigns. They are pretty much focused on their investments in advertising. Since they normally know better who are they're targetting.
Answer:
See below
Explanation:
1. Complete accrual basis income statement
Sales
($28,000 + $3,000)
$31,000
Less cost of goods sold
($13,000 + $2,000 - $3,000)
-$12,000
Operating expenses
($9,000 - $2,000)
-$7,000
Depreciation expenses
-$4,000
Income tax
($4,000 + $1,000)
-$5,000
Amortization expense
-$1,000
Gain on sale of equipment
$2,000
Net income
$4,000
2. Cash flow statement (Indirect)
Net income
$4,000
Adjustments;
Add depreciation
$4,000
Add write off intangibles
$1,000
Less gain on sale of equipment
-$2,000
Less increase in accounts receivables
-$3,000
Less increase in inventory
-$3,000
Add increase in accounts payable
$2,000
Less decrease in accrued payable
-$2,000
Add increase in deferred income tax payable
$1,000
Net cash from operations $2,000
