Answer:
The answer is:
A 15% increase in inventory turns for Toys by Tom, Inc. would bring this ratio to 4.8 times, suggesting improvement in efficiency.
Explanation:
We have the current Inventory turnover = COGS / Inventory = 41,700/10,000 = 4.17 times
=> An 15% increase in the Inventory turnover will bring the Inventory turnover ratio to: 4.17 x 1.15 = 4.8 times;
Increasing in inventory turnover may be the result of higher sales ( thus higher COGS) or low level of inventory holding - thus limiting the resources spending on idle inventory. So, higher level of inventory turnover in someways suggesting improvement in efficiency.
Answer:
The correct solution to either the following question seems to be Option E (Coca-Cola as a substitute for Pepsi
).
Explanation:
- A substitute product seems to be a product of some other sector that offers integrated values to the customer as the commodity manufactured by organizations in the same organization.
- These goods are alternatives because they meet identical market requirements and have substantial demand elasticity. Of example, the price of Pepsi seems to have a strong connection with the market of Coke.
Other possibilities aren't related to something like the scenario in question. And the latter reaction is the correct one.
Answer:
D. Net income of $150,000
Explanation:
$705,000 + X - $30,000 = $825,000
X = $150,000
The amount of the journal entry are as follows:-
Cash $15000
Accumulated Depreciation $10000
Equipment cost $35000
Loss on sale $10000
<h3>What is Depreciation?</h3>
An asset loses value over time as a result of use, damage, or obsolescence. Depreciation is the measurement for this decline.
The complete solution is attached below.
Depreciation, or a decline in asset value, can be brought on by a variety of other variables, such as bad market conditions, etc.
Thus the journal entry credit amount is Equipment cost $35000 and Debit amount of the journal entry are Cash $15000 Accumulated Depreciation $10000 and Loss on sale $10000.
Learn more about Depreciation here:
brainly.com/question/15085933
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