Answer:
37.51 days
Explanation:
Use the following formula to calculate the Inventory Turnover ratio
Inventory Turnover ratio = Cost of goods sold / Average Inventory
Where
Cost of goods sold = $763,805
Average Inventory = ( Beginning Inventory + Ending Inventory ) / 2 = ( $93,000 + $64,000 ) / 2 = $78,500
Placing values in the formula
Inventory Turnover ratio = $763,805 / $78,500
Inventory Turnover ratio = 9.73
Inventory Days = Numbers of days in a year / Inventory Turnover ratio = 365 / 9.73 = 37.51 days
Answer:
loan interest revenue for 2020 is $720
loan interest revenue for 2021 is $240
Explanation:
The loan interest revenue in the year 2020 is for 9 months out of the total loan tenure of twelve months:
interest revenue for 2020=$16,000*6%*9/12=$720.00
This would be debited to interest receivable and credited to interest revenue account.
interest revenue for 2021=$16,000*6%*3/12=$240.00
The right answer for the question that is being asked and shown above is that: "TRUE." <span>Convertible preferred stock may be exchanged, at the corporation's option, for a specified number of shares of common stock. This is true as far as the convertible preferred stock is concerned.</span>
An inferior good is one for which an increase <span> in buyers income causes</span> a decrease in demand.
Hope this helps !
Photon
Answer:
The correct answer is A product sales-force structure is characterized by specialization along product lines.
Explanation:
Specialization refers to the dedication that a person or group of people makes within the activity to offer a good or sell a service. The execution of the tasks is carried out in a synchronized and collaborative way, or which ensures the willingness and performance of each area in achieving a general sales goal. Each employee is aware of their role within the sales chain, and puts all their efforts so that all the objectives proposed by management can be achieved.
