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wlad13 [49]
3 years ago
12

The following information was available for Pina Colada Corp. at December 31, 2022:

Business
1 answer:
dexar [7]3 years ago
6 0

Answer:

37.51 days

Explanation:

Use the following formula to calculate the Inventory Turnover ratio

Inventory Turnover ratio = Cost of goods sold / Average Inventory

Where

Cost of goods sold = $763,805

Average Inventory = ( Beginning Inventory + Ending Inventory ) / 2 = ( $93,000 + $64,000 ) / 2 = $78,500

Placing values in the formula

Inventory Turnover ratio = $763,805 / $78,500

Inventory Turnover ratio = 9.73

Inventory Days = Numbers of days in a year / Inventory Turnover ratio = 365 / 9.73 = 37.51 days

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Steven has a typed copy of a contract, which he would like to have Thomas sign. Thomas, who needs glasses to read typing, doesn'
zzz [600]

Answer:

Yes, because he was negligent in not ascertaining its contents

Explanation:

Based on the information provided regarding the scenario at hand it can be said that Yes, this contract is binding upon Thomas because he was negligent in not ascertaining its contents. Each individual is responsible for completely reading and fully understanding the contents of the contract before they sign. Once an individual signs the contract it means that they fully agree with all that is specified in the contract and are held liable. Thomas should have waited until he had his glasses and read the contract before signing, regardless of what Steven had to say.

7 0
3 years ago
Prime Company began operations in January, 2019, by issuing 5,700 shares of 9%, cumulative, $65 par value preferred stock and 25
8090 [49]

Answer:

Preference dividend = 9% x $65 x 5,700 shares

                                = $33,345

Dividend paid to ordinary shareholders = $50,000 - $33,345

                                                                 = $16,655

Explanation:

The dividend paid to preferred stockholders is 9% of the par value multiplied by number of preferred stock outstanding. The dividend paid to common stockholders is the difference between total dividend paid and dividend paid to preferred stock holders.

6 0
3 years ago
A layer of security that credit card companies are starting to do?
Sindrei [870]

Answer:

2fa (2 factor authorization)

8 0
3 years ago
in vertical analysis of the income statement, we usually express each income statement item as a percentage of: multiple choice
gtnhenbr [62]

In vertical analysis of the income statement, we usually express each income statement item as a percentage of: sales.

<h3>What is income statement?</h3>

Income statement can be defined as the statement that help to show the income and expense of a company in which when the income is higher than the expense it is net income and when the expense is higher than the income it is net loss.

In vertical analysis of the income statement the income statement item is often express  as a percentage of sale.

Therefore the correct option  is D.

Learn more about income statement here:brainly.com/question/15169974

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7 0
1 year ago
Threadbare Industries is a new high-end textile company that has raised sufficient capital from multiple sources. It is planning
olga nikolaevna [1]

Answer:

d. brand name

Explanation:

If a company has the money, it can acquire much software that is necessary for the company. Therefore, option B is incorrect. The company can lease a new building through the capital, and a new building is a non-current asset. So, option C is also wrong. A new CEO is not an asset because the company has to pay a salary for the CEO that is an expense. So, option A is not correct.

The brand name is an asset to the company. Using capital, Threadbare Industries cannot acquire the brand name. A brand name cannot be acquired through the capital, and it can be acquired through customer satisfaction. Therefore, option D is correct.

4 0
3 years ago
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