Answer:
option (b) 46
Explanation:
Data provided in the question:
Max's cost of merchandise sold = $56,900
Inventory at the beginning of the year = $6,540
Ending inventory = $7,250
Now,
Depot Max's number of days' sales in inventory
=
or
=
or
= 45.86 ≈ 46
Hence,
Depot Max's number of days' sales in inventory is closest to option (b) 46
Answer:
Check the explanation
Explanation:
1. Record the journals as shone, below:
Date Accounts title & explanation Debit (S) Credit(S) 2016 Research and development expense 2,200,000 ` Cash 2,200,000
(To record the expense incurred
on research and development)
2017 Research and development expense 800,000 ` ` Software and development costs 400.000
Cash 1,200,000
(To record the sc&ware
development costs incanted)
kindly check the answer to the second question in the attached image below
