True! culinarian comes from the root word 'culinary'
Answer:
8.94%
Explanation:
Firstly, we will need to find total equity and total debt of Harrington Inc inorder to apply the Dupont equation for getting ROE
Harrington's total debt = 15.00 % × $250,000
= $37,500
Harrington's total equity will be; applying accounting equation
Asset = Liabilities + Owner's equity
Owner's equity = Assets - Liabilities
= $250,000 - $37,500
= $212,500
Therefore, using the Dupont equation, we can calculate the ROE as;
(NI/Sales) × (Sales/Total assets) × (Total assets/Total common equity)
= 19,000/325,000 × 325,000 /250,000 × 250,000/212,500
= 8.94%
Based on the process that Lemony Lemonade uses to make lemonade, the equivalent units for conversion costs is 1,600 units.
<h3>What equivalent units are for conversion costs?</h3>
This can be found as:
= Number of units that are WIP x Percentage of completion
Solving gives:
= 3,200 x 50%
= 1,600 units
Find out more on equivalent units at brainly.com/question/16259709
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Answer:
2016 2015 2014 2013
gross profit% 26.29% 22.58% 22.45% 22.41%
Inventory turnover 6.58 7.64 7.6 7.94
cost of material % 59.89% 51.76% 89.82% 51.10
b. gross% has increased this may be due to a high demand, and intense marketing.
inventory turnover has decreased this may be due to new competition, or introduced product(new product)
cost of material purchased % it has increased in 2016, this may be due to increased production and effective use of material.
Explanation:
gross profit % =gross profit/ sales
gross profit = sales less cost of sales
inventory turnover = cost of sales / average inventory
average inventory = (opening inventory + closing inventory )/2
cost of material purchased/ cost of finished goods
finished goods = cost of sales + closing - opening goods
