Answer:
Product Qty Cost Market LCM Result
Mountain Bikes 30 $700 $650 30*650 $19,500
Skateboards 26 $230 $260 26*230 $5,980
Gliders 12 $870 $830 12*830 $
9,960
Answer:
The answer is D.
Explanation:
Inventory turnover is a measure of the number of times inventory is being sold or used during a given period of time.
A high inventory turnover means a company is selling goods very quickly and that demand for their product exists. Low inventory turnover means weaker sales and ing demand for a company's products.
Inventory turnover = Cost of goods sold/Average inventory
Average inventory is:
($110,000 + $90,000)/2
=$100,000
Therefore, inventory turnover ratio:
$270,00//$100,000
2.7
Answer:
a. Income Tax Expense (Dr.) $298,000
Deferred Tax (Dr.) $30,000
Income Tax Payable (Cr.) $328,000
Explanation:
b. Income Tax expense (Dr.) $30,000
Allowance to reduce deferred tax value to NRV (Cr.) $30,000
Income tax payable is calculated based on tax rate of 40%.
$820,000 * 40% = $382,000
The answer is 7 players.
If, the amount of red cards that received by either team make the total players of their team less than 7, the opposition team would automatically won the game (and the vicotry would be recorded as 3-0 victory for the team that still had more than 7 players)
