The Inventory Turnover Ratio, which can be calculated by dividing the cost of goods sold by the average inventory balance, can be used to measure how long a company keeps inventory before selling it.
Businesses may make better judgments in a range of areas, such as pricing, production, marketing, purchasing, and warehouse management, by measuring and calculating inventory turnover. In the end, the inventory turnover ratio measures how well the business makes sales from its inventory.
Inventory Turnover Ratio = Cost of Goods Sold / Avg. Inventory
Average inventory = (beginning inventory + ending inventory) / 2
The inventory turnover ratio calculates how frequently inventory is sold and replaced during a specific time frame.
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Based on the scenario above, Mrs. Lieberman is engaging to
tactile learner. Tactle learning or also known as kinesthetic learning is a
learning style in which engages more on carrying out physical activities rather
than using of having to discuss and listen to lectures.
Answer:
The premium payments of all the insured clients will cover the costs for the emergencies of the few who need it. The more people that pay premiums, the less likely each insured client will experience an emergency.
Canada is by tar the most popular target for american franchisors seeking to establish franchises in other countries. Canada is a great market for franchisors because it's close/easy to travel to. They have a large market and are similar to the U.S. with their expansion and growth as an economy.
Answer:
$267,000
Explanation:
When a company assesses that some of its receivables (due from customers who bought goods on account/credit) may not be collectible, the required entries are debit bad debt expense and credit allowance for bad debt.
The credit to allowance for bad debt is netted off the debit in accounts receivables to determine the net receivables in the balance sheet at the end of the period.
Hence Craft will show on its year-end balance sheet a net realizable value of its accounts receivable
= $295,000 - $28,000
= $267,000
