Answer:
c. A group of people who work together to achieve some specific purpose
Explanation:
An organization is defined as a group of people, a social system that organize and manage themselves by assigning roles and responsibilities in order to achieve an objective.
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Answer:
The correct answer is 10.9 times.
Explanation:
According to the scenario, computation of the given data are as follow:-
Average account receivable = (Opening account receivable + Closing accounts receivable) ÷ 2
= ($92,000 + $26,000) ÷ 2
= $118,000 ÷ 2
= $59,000
We can calculate the account receivable turnover by using following formula :-
Accounts receivable turnover = Net sales ÷ Average Account receivable
= $643,100 ÷ $59,000
= 10.9 times
Answer:
Cost of goods sold =$226
Explanation:
<em>Under the First in First Out (FIFO) method of the perpetual inventory system, it assumed that the first batch of inventory received into the store should be issued out first. Therefore, inventories are valued using the price of the oldest batch in turn according to when the batches arrive.</em>
The 19 units of units sold in August 6 would be valued as follows:
17 units at $12 per units = 204
2 units at $11 per unit = 22
Cost of goods sold = 204 + 22 = $226
Cost of goods sold =$226
Answer:
d. beta did a better job of explaining the returns than standard deviation
Explanation:
Beta measures the systemic risk associated with the particular investment, it do not compute the total risk associated, which is more logical.
Standard deviation computes the total risk associated.
Some risk is natural, like the risk of floods, natural calamities, earthquake, etc:
That risk shall not counted as for comparison as that is associated universally. Further, the risk associated with particular factors like bankruptcy of a company, or some legal case issue of a company are precisely described by beta coefficient.
Thus, beta provides better details about explaining the returns.
Answer:
$2,000
Explanation:
From the question, the initial tax basis of Rubio is $20,000.
In a partnership, share of profit will increase the initial basis while share of loss will reduce it.
As the share of Rubio in the limited partnership loss for the year is $22,000, it will make his tax basis to fall to zero because the loss of $22,000 is greater than his tax basis. The amount by which the loss is greater than his tax basis, i.e. $2,000 ($22,000 - $20,000) will be the loss that is allowed considering only the tax basis loss limitations.
Therefore, $2,000 loss is allowed to be carried over due only to the tax basis loss limitation.
