Answer:
I think it would false hope this helps
Answer:
The break-even point measured in sales dollars is $8
Answer & Explanation:
Account Type of Account Increase side
Supplies Asset Debit
Retained Earnings Capital Credit
Fees Earned Revenue Credit
Accounts Payable Liability Credit
Salary Expense Debit
Common Stock Asset Debit
Account Receivable Asset Debit
Equipment Asset Debit
Notes Payable Liability Credit
Answer:
Option (d) is correct.
Explanation:
Given that,
Average inventory in all of its worldwide locations = $15 million
Operate in a year = 51 weeks
Weekly cost of goods sold = $3 million
Annual cost of goods sold:
= Weekly cost of goods sold × Number of weeks in a year
= $3 million × 51 weeks
= $153 million
Inventory turnover:
= Cost of goods sold ÷ Average inventory
= $153 million ÷ $15 million
= 10.2 turns
The financial document that Philippa has already prepared is the cost of goods manufactured schedule.
<h3>What is a financial document?</h3>
It should be noted that a financial document simply means a document that's necessary in an organization to carry out transactions.
In this case, since Philippa is getting ready to start preparing the income statement for General Graders, the financial document that Philippa has already prepared is the cost of goods manufactured schedule.
Learn more about financial documents on:
brainly.com/question/2806276
