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Volgvan
3 years ago
11

Amesha will only purchase stock in corporations that practice and support social justice. which term refers to Amesha's type of

investment
a.socially responsible
b.financially constrained
c.risk taking
d.technically analyzed
Business
1 answer:
mixer [17]3 years ago
7 0

Answer:

A. Socially Responsible

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Teleology is a philosophy that states that _______.
aleksley [76]

Answer:

Teleology is a philosophical idea that things have goals or causes. It is the view that developments are due to the purpose or design which is served by them

6 0
3 years ago
inventory Turnover and Days' Sales in Inventory The following financial statement data for years ending December 31 for Holland
Varvara68 [4.7K]

Answer:

                                            Year 2014           Year 2013

a) Inventory Turnover ratio 3.4 times  and   3.1 times

b) Number of days' sales in inventory 107.3 days and  117.7 days

Explanation:

As per the data given in the question,

As we know that

Inventory turnover ratio = Cost of goods sold ÷ Average inventory

where,

Average inventory

= (Beginning inventory + ending inventory) ÷ 2

For Year 20Y4 :

Average inventory = ($359,160 + $516,840 ) ÷2

= $438,000

And, the cost of goods sold is $1,489,200

So,

Inventory Turnover ratio

= $1,489,200 ÷ $438,000

= 3.4 times

For Year 20Y3 :

Average inventory = ($251,120 + $359,160) ÷ 2

= $305,140

And, the cost of goods sold is $945,934

So,

Inventory Turnover ratio

= $945,934 ÷ $305,140

= 3.1 times

Now

Number of days' sales in inventory = Number of days in a year ÷ Inventory Turnover ratio

For 20Y4

= 365 days ÷ 3.4

= 107.3 days

For 20Y3

= 365 days ÷ 3.1

= 117.7 days

Basically we applied the above formulas

4 0
3 years ago
Clarion corp. invested cash in a 6-month certificate of deposit (cd) on november 1, 2015. if clarion corp. has an accounting per
melisa1 [442]
<span>Clarion should expect to recognize interest revenue on their CD both on December 31st 2015 and May 1st 2016. They will receive it in December thanks to end of your returns and then it will pay out its full amount 6 months from the purchase date which is on May 1st of 2016.</span>
7 0
3 years ago
Under a periodic inventory system
balandron [24]

Answer:

The correct answer is letter "A": a physical inventory is taken at the end of the period.

Explanation:

When the general ledger is only updated by the end of a period it is said that the firm is using a periodic inventory system. This approach is implemented because physical inventories could be time-consuming. It is even more helpful for small businesses since their inventory is limited.

5 0
3 years ago
The following data were adapted from a recent income statement of Caterpillar Inc. (CAT) for the year ended December 31: (in mil
matrenka [14]

Answer:

Net Profit        $  823.8 millions

Explanation:

<u>Caterpillar Inc. </u>

<u>Variable Costing Income Statement (assumed)</u>

<u> For the Year Ended December 31 </u>

                                                        All figures in millions

Sales                                                     $38,537

Variable cost of goods sold:              

Variable Beginning Inventory                 $ 6790

Add Variable Cost of Goods Manufactured $18723

Less Variable Ending Inventory $  6029.8

Total Variable cost of goods sold:                 19483.2

Manufacturing Margin                                   19053.8

Less Variable  Admin. and Selling Exp.  

(9730- 4000)                                               5730

Contribution Margin                                       13323.8

Less Fixed Costs

Less Fixed  Cost of goods sold $ 8,500

Fixed Admin. and Selling expenses:  $  4000

Total Fixed Costs                                                12500

<u>Net Profit                                                   $  823.8 millions</u>

<u>Working:</u>

First we find the variable cost of goods manufactured. For this we calculate the variable ending and beginning inventories.

Calculations

Fixed Beginning inventory 30% of $9,700= $ 2910

Variable Beginning Inventory= $9,700-$ 2910= $ 6790

Fixed Ending Inventory 30% of $ 8,614= $ 2584.2

Variable Ending Inventory= $ 8,614-$ 2584.2= $  6029.8

Cost of goods sold $ 28,309

Add Ending Inventory  8,614

Less Beginning Inventory $9,700

Cost Of Goods Manufactured 27223

Less Manufacturing Fixed Costs 8500

Variable Cost of Goods Manufactured  $ 18723

We subtract the fixed cost of goods sold  and fixed selling expenses to get the  net profit.  In variable costing the fixed expenses are treated as a period cost rather than a product cost.

Total expenses $(38,039)

Fixed expenses:  $  4000

Variable expenses : $ 34039

8 0
3 years ago
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