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3 years ago

I If you were to advise DreamWorks Classics

1 answer:

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<em><u>If I had any advice for DreamWorks Classics, it would be to insist on adopting the 'organic' approach for internationalising Postman Pat.</u></em>

Explanation to the following is as follows;

Postman Pat chronicles the exploits of Pat Clifton, a postal worker for the Royal Mail in the imaginary community of Greendale. This product image is firmly ingrained in British habits and culture; therefore, it is unlikely that Postman Pat would have succeeded if they had followed the ‘born global' path when launching this cartoon.

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Jones Co. returned merchandise purchased from Smith Co. The journal entry to record the return of merchandise by Jones, under a

GaryK [48]

Answer:

debit Accounts Payable—Jones, credit Merchandise Inventory.

Explanation:

When inventory is purchased on account, it increases the merchandise inventory balance along with the liability towards the payment.

When some inventory out of the above is returned, it decreases the inventory, and thus accordingly it is credited by the same.

Further it decreases the accounts payable by the same as such amount is not required to be paid.

Therefore, correct option is

Statement A

5 0

3 years ago

103. Department M had 600 units 60% completed in process at the beginning of June, 6,000 units completed during June, and 700 un

eimsori [14]

Answer:

b. 5,640 units

Explanation:

Please see attachment

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4 years ago

Which statement is TRUE regarding a 28-year old woman who inherits he grandfather's IRA? A. She may delay distributions until sh

frosja888 [35]

Answer:

C. She may receive distributions over her expected life

Explanation:

The deal that derives that if there is one inherits so IRA could be inherited from the spouse. In this case, the fund would remain in the IRA with no tax outstanding unless the spouse continues for taking the distributions it could be started by age 70 and half.

If we skip the given away option that implies the transfer the IRA in a Beneficiary Distribution Account. Also the distributions arise when there is a depletion over the five years

Since she is 28 years old so the expected life is for another 50 + years or more so it decreases the needed yearly distribution

Therefore the option C is correct

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3 years ago

Refer to the following selected financial information from McCormik, LLC. Compute the company's acid-test ratio for Year 2. Year

storchak [24]

Answer:

The company's acid-test ratio for Year 2 is 1.88 times.

Explanation:

Quick asset ratio :

The quick asset ratio is that ratio which shows a relationship between current assets and current liabilities. But it does not include stock. This ratio is used to check the liquidity of the company.

The formula to compute quick asset ratio is computed below:

= Quick assets ÷ current liabilities

where quick assets includes all current assets except stock.

And, the quick assets value is comprises of cash, short term investment and account receivable.

So, the quick asset value = Cash + short term investment + Account receivable

= $37,500 + $90,000 + $85,500

= $213,000

After computing the quick assets, now we can compute the quick asset ratio by using an formula.

= Quick assets ÷ current liabilities

= $213,000 ÷ $113,400

= 1.88 times

Hence, the company's acid-test ratio for Year 2 is 1.88 times.

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4 years ago

Dolan Company's accounting records reflect the following inventories: Dec. 31, 2020 Dec. 31, 2019 Raw materials inventory $31000

cupoosta [38]

Answer:

Cost Of Goods Sold= $1,930,000

Explanation:

Giving the following information:

Beginning Finished goods inventory 190000

Ending Finished goods inventory 150000

Cost of goods manufactured for 2020 amounted to $1890000

COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory

COGS= 190,000 + 1,890,000 - 150,000= $1,930,000

5 0

3 years ago