Answer:
7.80 times
Explanation:
First of all we have to calculate the average inventory
Opening inventory= 159,000
Closing inventory= 200,000
Average inventory= (opening inventory+closing inventory)/2
= ( 159,000+200,000)/2
= 359,000/2
= 179,500
The next step is to find the merchandise inventory turnover which is calculated as
= Cost of goods/ Average inventory
Cost of goods= $1,400,000
Average inventory= 179,500
= 1,400,000/179,500
= 7.799 times
= 7.80 times (to 2 decimal places)
Hence the merchandise inventory was turned over 7.80 times in 2019
In subsistence farming, people generally grow :
D. only enough to feed their families
subsistence farming refer to a farming technique for self-sufficiency (not commercial)
hope this helps
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Learn more about first movers at brainly.com/question/28995105
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Answer:
Reconciling the bank statement to the cash control account.
Explanation:
The reason is that the detective approach is the one which helps in identification of the errors in recording the facts and figure in a control system is the detective control. In this case, bank reconciliation helps in accessing the errors and entries that are not recorded in the books of accounts hence it is a detective control.
Answer:
a capital gains tax (CGT) is a tax on the profit realized on the sale of a non inventory asset . The most common capital gains are realized from the sale of stocks,bonds,precious metals , real estate , and property
