Answer:
$7million understated
Explanation:
Based on the information given the effect on 20x8 COST OF GOODS SOLD will be UNDERSTATED by $7 million reasons been that since the OPENING INVENTORY IS UNDERSTATED by $7 million which means that the COST OF GOODS SOLD will as well be UNDERSTATED by the same amount based on the fact that opening inventory adds to Cost of goods sold.
Answer:
2 times
Explanation:
The computation of accounts receivable turnover is shown below:-
Account receivable turnover ratio = Net credit sales ÷ Average accounts receivable
where,
Net credit sales is $1,000,000
And, the Average accounts receivable is
= (Accounts receivable, beginning of year + Accounts receivable, end of year) ÷ 2
= ( $700,000 + $300,000) ÷ 2
= $500,000
Accounts receivable turnover = Net sales ÷ Average accounts receivable
= $1,000,000 ÷ $500,000
= 2 times
No, most likely it’s a scam. People like to scam people to get money now a days. It’s just a way for “easy” money for people who are desperate!
Answer:
Explanation:
Sales budget for may = 540
Sales budget for June = 670
Opening inventory for may = 190
Closing inventory for May = 155
Production in may =( 190+540)-155=575
Opening inventory in June = 155
Closing inventory = 165
Production in June = (155+670)-165=660
May material needs = 3(575+ (20%*660)
=3*707=2121 wheels
2121*24=$50,904
June material needs =3(660+(20%*640)
3*788=2364
2364*24=$56,736
Answer:
The answer is basic research.
Explanation:
The research and development department conducted managed to answer the research question which was conceptualized in the beginning of research, as implied in the question. However, no further research was conducted for the purpose of designing a product that can be sold to the Gen Z market segment, based on the findings from the previous ones. Thus, we can conclude that the intention of the research was just to discover previously unknown information about Gen Z’s characteristics, which meant the conducted research was only a basic research.
