Answer:
Cost of goods will be $4670325
Explanation:
We have given current liabilities = $407000
A quick ratio = 1.90
Current ratio is 3.40 and inventory turnover = 4.50
We know that current ratio is the ratio of current assets and current liabilities
So ![3.4=\frac{current\ assets}{current\ liabilities}](https://tex.z-dn.net/?f=3.4%3D%5Cfrac%7Bcurrent%5C%20assets%7D%7Bcurrent%5C%20liabilities%7D)
So current assets = $1383800
Now quick ratio is equal to = ![\frac{current\ assets-inventory}{curtrent\ liabilities}](https://tex.z-dn.net/?f=%5Cfrac%7Bcurrent%5C%20assets-inventory%7D%7Bcurtrent%5C%20liabilities%7D)
So ![0.85=\frac{1383800-inventory}{407000}\\](https://tex.z-dn.net/?f=0.85%3D%5Cfrac%7B1383800-inventory%7D%7B407000%7D%5C%5C)
Inventory = $1037850
Inventory turnover is given 4.5
So ![4.5=\frac{cost\ of\ goods\ sold}{average\ inventory}](https://tex.z-dn.net/?f=4.5%3D%5Cfrac%7Bcost%5C%20of%5C%20goods%5C%20sold%7D%7Baverage%5C%20inventory%7D)
![4.5=\frac{cost\ of\ goods\ sold}{1037850}](https://tex.z-dn.net/?f=4.5%3D%5Cfrac%7Bcost%5C%20of%5C%20goods%5C%20sold%7D%7B1037850%7D)
So cost of goods sold = 4.5×$1037850 = $4670325
Answer:
True
Explanation:
You should incorporate your life desires into choosing a career choice because if you are not happy with your job or you don't feel fulfilled with what you are doing then you are only harming yourself mentally and sometimes physically by continuing to do something that doesn't fit with your desires.
Answer:
Project planning plays an essential role in helping guide stakeholders, sponsors, teams, and the project manager through other project phases. Planning is needed to identify desired goals, reduce risks, avoid missed deadlines, and ultimately deliver the agreed product, service or result.
Explanation: The key in planning is to look at each of the knowledge areas below and make sure you and your team will address each of these areas in ways that will help reach all the end goals.
Communications
Costs
Human resources
Procurement
Quality of deliverables
Business requirements
Risks
Schedules
Project scope
Stakeholders
The key to a successful project is in the planning. Creating a project plan is the first thing you should do when undertaking any project.
Often project planning is ignored in favor of getting on with the work. However, many people fail to realize the value of a project plan for saving time, money and many problems.
Answer:
3.49%
Explanation:
Calculation to determine the rate of return on this investment
Using this formula
Rate of return=Monthly payment/Current value*100
Let plug in the formula
Rate of return = $4,990/$143,012 *100
Rate of return= 3.49%
Therefore the the rate of return on this investment is 3.49%
Answer:
c. a long-term liability.
Explanation:
Short term liabilities are those liabilities which need to be paid within one year time and Long term liabilities are those liabilities which need to be paid after one year time.
In this question on December 31, Howard Corporation need to pay the principal in 19 years from now, as it it a long period, so amount of principal will be classified as a long-term liability.