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Helen [10]

Well, yes, is that's the question

3 0

3 years ago

The selling price of the company’s product is $22 per unit. Management expects to collect 75% of sales in the quarter in which t

tia_tia [17]

Answer:

good luck

Explanation:

I'm only here go support u.....................................................................................

7 0

3 years ago

On July 1, 2020, Indigo Co. pays $9,400 to Sweet Insurance Co. for a 2-year insurance policy. Both companies have fiscal years e

aliya0001 [1]

Answer:

Explanation:

The journal entries are shown below:

On July 1

Prepaid insurance A/c Dr $9,400

To Cash A/c $9,400

(Being the prepaid insurance for cash is recorded)

On December 31

Insurance expense A/c Dr $2,350

To Prepaid insurance A/c $2,350

(Being the insurance expense is recorded)

The computation is shown below:

= Prepaid insurance amount ÷ number of years × number of months ÷ total number of months in a year

= $9,400 ÷ 2 years × 6 months ÷ 12 months

= $2,350

6 0

3 years ago

C. the "difference between growth and value shares involves a distinction based on book-to-market value. justify the low book-to

jekas [21]

Answer:

Explanation:

C. the "difference between growth and value shares involves a distinction based on book-to-market value. justify the low book-to-market ratios of growth shares versus high book-to-market ratios of value shares. (10 marks)

6 0

2 years ago

The company you are investigating recorded fictitious revenues. What is the effect on the asset turnover ratio?

BARSIC [14]

In case fictitious revenues are recorded asset turnover ratio will increase.

The asset turnover ratio measures the performance of an organization's assets in producing revenue or income. It compares the dollar quantity of income (revenues) to its overall belongings as an annualized percent. hence, to calculate the asset turnover ratio, divide net income or revenue by the average total belongings.

Fictitious revenues contain the sale of goods or services that no longer arise. Fictitious invoices may be fake, but can also contain valid clients. A fictitious invoice may be prepared for a legitimate patron despite the fact that goods are not added or services have no longer been rendered.

Accounting ratios, an important subset of monetary ratios, are a group of metrics used to degree the performance and profitability of an employer based on its financial reports. They provide a way of expressing the relationship between one accounting information factor to any other and are the basis of ratio evaluation.

Learn more about asset turnover ratio here brainly.com/question/13401474

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5 0

1 year ago

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