Answer:
stock turnover = 5
Explanation:
stock turnover = total sales / average inventory = 350 units / 70 units = 5
Stock turnover is how many times a company has sold and replaced its average inventory.
Stock turnover is a good measure of sales necromancer, the higher the stock turnover, the better the sales performance. Usually a stock turnover between 4-6 is considered healthy.
Answer:
The correct answer is $ 41,000.
Explanation:
This problem requires us to calculate the amount of cash dividend that will be reported in the financing section of the statement of cash flows. In statement of cash flow the dividend paid in cash during the period is reported. Dividend declaration in not relevant as far as statement of cash flow is concerned.
Cash dividend to reported is calculated as follow.
Dividend payable opening balance = 10,000
Divdend declared = 42,000
Dividend payable closing balance = (11,000)
Dividend paid = 41,000
Answer:
Dr Cash 11,000
Dr Accumulated Depreciation-Equipment 20,000
Equipment 31,000
Explanation:
Preparation of the Journal entry to record the disposition of the equipment
Since we were told that Lewis Company sold
the equipment for the amount of $11,000 in which the Accumulated Depreciation on the equipment to the date of disposal was the amount of $20,000 this means the journal entry to record the disposition of the equipment will be :
Dr Cash 11,000
Dr Accumulated Depreciation-Equipment 20,000
Equipment 31,000
(20,000+11,000)
Answer:
The correct answer is d.
Explanation:
This stage extends from birth to the acquisition of the individual's language. Children build step-by-step knowledge and understanding of the world by coordinating experiences (such as sight and hearing) related to physical interaction with objects (such as grabbing and stepping).
The development of the permanence of the object is one of the characteristic achievements of this stage. Object permanence is the child's understanding that objects continue to exist even though he or she cannot perceive them.
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The answer to your question is false