Answer:
The raw material inventory turnover is 9.2 times or 40 days
Explanation:
This problem requires us to compute raw material inventory turnover. The inventory turnover ratio is calculated by dividing the inventory used for a period by the average inventory for that period. Average inventory is used instead of ending inventory because many companies' merchandise fluctuates greatly throughout the year.
So RM inventory turnover = RM used/Average inventory
= 104,600/11,350*
= 9.2 times or 40 days**
* Average inventory = (9,900+ 12,800)/2
** (365/9.2) = 40 days
Answer:
c) $210
Explanation:
Revenue is recognized in the year in which it is intended to finance an activity.
The Cash collected During 2014 relating to licences will be used to finance the salaries for the inspectors during 2014 and cash collected during 2014 = $210 (30+180)
The benefit that a student can obtain by paying off his student loan before the due date is that his debt is diminishing.
<h3>What is a student loan?
</h3>
A student loan is an aid offered by some public and private entities to those students who are going to start their university studies to lend them the money that their degree is worth.
These entities then establish fees that the student must pay from time to time. However, several of these entities charge interest and other percentages for lending this money to students.
<h3>What is the benefit of making small advance payments?
</h3>
The benefit of paying in advance is that the student will pay off his loan more quickly, which will free him/her from paying higher interest in the future.
Note: This question is incomplete because the infographic is missing. However I can answer it based on my prior knowledge.
Learn more about infographics in: brainly.com/question/14267721
Answer:
Information levels
Explanation:
Ben works at a top accounting firm in Salt Lake City and his responsibilities include developing individual and departmental goals, and generating financial analysis across departments and the enterprise as a whole. Ben's duties provide value-added to his company and would be categorized as different information levels
Ben has to manage information on what we can say three different level; individual level which is developing individual goals, team or business unit , which according to the question is departmental goals and generating financial analysis across deparments and on a corporate level, which is the enterprise as a whole which will be reviewed by the executive teamand adding value to the company as a whole.
Answer:
Explanation:
The preparation of the income statement is presented below using the generally accepted accounting Principles (GAAP) :
Sales $176,000
Less: Cost of goods sold ($97,200) ($54,000 + $43,200)
Gross margin $78,800
Less: Selling and administrative cost ($31,000) ($17,200 + $13,800)
Net income $47,800
Hence, we considered all the given information
