Answer:
The correct order of the question is below:
The gross margin ratio: 1- Is also called the net profit ratio. 2- Indicates the percent of sales revenue remaining after covering the cost of the goods sold. 3- Is also called the profit margin. 4- Is a measure of liquidity and should exceed 2.0 to be acceptable. 5- Should be greater than 1 for merchandising companies.
The answer is 2. Indicates the percent of sales revenue remaining after covering the cost of the goods sold.
Explanation:
Gross profit is the difference between cost of sales and net sales revenue and gross profit margin is calculated by gross profit divided by net sales revenue. It can be expressed as a percentage.
This margin is the first measure of profitability.
Option 1 is wrong. Net profit ratio is the ratio of net profit to sales revenue. Net profit is after all expenses and tax have been deducted from revenue.
Option 4 is wrong. This is not a measure of liquidity. Current ratio and quick ratio are a measure of liquidity.
Option 3 and 5 are wrong
Answer:
i pretty sure its c but if it wrong just let me know
Explanation:
it pretty much makes sence
can i get brainlest
Answer:
Total cash and cash equivalent: 21,528
Explanation:
1. <em>petty fund: 66</em> It does count as is cash.
2. The TB is due within 90 days.<em> It does count: 10,900</em>
3. The check can be convert into cash. Do count as cash: <em>290</em>
4. Within 90-days It is a cash equivalent: <em>92</em>
5. Company's checking account: <em>2,890</em>
6. Savings accounts: <em>7,290</em>
7. the postage meter cannot convert into cash.
8. The IOU from the receptionist will discount from his paycheck it cannot convert into check.
<u>Total cash:</u>
66 + 10,900 + 290 + 92 + 2,890 + 7,290 = 21,528
Answer: False
Explanation:
CEOs are top management and top management use all five functions of management to ensure that the company reaches its goals and objectives.
The CEO has to use <u>planning</u> to to decide what long term strategies the company will use to achieve its goals. They have to use<u> controlling</u> to evaluate and improve the methods the company is taking to achieve its long term goals.
They also have to use <u>staffing</u> to hire the best top level and middle level talents that can push the company forward. As management they have to use <u>leading</u> to get the employees inspired to move the company forward and finally they will use<u> organizing</u> to put the various processes in the company together to ensure that the company's goals are met.
Answer: B. FIFO method
Explanation: The inventory prices of goods as calculated by a firm will remain the same at year end if a firm's inventory price is automatically updated on account of any additional inventory purchase and also if done on a periodic basis. This will occur only when the inventory pricing system is based on First-in-First-out method, whereby the prices of first inventory purchase is first associated or applied on goods sold until the unit in the inventory is exhausted. This allows prices of goods to move based on period of purchase where older prices gets precedence over the newer inventory purchase.
