Quick answer needed!

How many people see fights at school and put the video on this

serious [3.7K]

You cant put videos on this app

6 0

3 years ago

The 2016 income statements of Leggett & Platt, Inc. report net sales of $3,749.9 million. The balance sheet reports accounts

sergejj [24]

Answer:

option (A) 49 days

Explanation:

Data provided:

Net sales = $3,749.9 million

Accounts receivable on December 31, 2016 = $486.6 million

Accounts receivable on December 31, 2015 = $520.2 million

Now,

The duration from December 31, 2015 to December 31, 2016 = 365 days

Days sales outstanding = $\frac{\textup{Average accounts receivable}}{\textup{Credit sales}}\times Number of days$

or

Days sales outstanding = $\frac{\frac{\$486.6 + \$520.2}{2}\textup{million}}{\$\textup{3,749.9 million}}\times365$

or

Days sales outstanding = $\frac{\$\textup{503.4 million}}{\$\textup{3,749.9 million}}\times365$

or

Days sales outstanding = 48.99 ≈ 49 days

Hence,

The correct answer is option (A) 49 days

5 0

3 years ago

Cullumber Company has the following balances in selected accounts on December 31, 2020.

wolverine [178]

Answer and Explanation:

The adjusting entries are shown below:

1. Interest expense [$11,400 × 9% × 4 ÷ 12] $342

To Interest payable $342

(being accrued interest expense is recorded)

2. Supplies expense [$2,200 - $820] $1,380

To Supplies $1,380

[Being supplies expense is recorded]

3. Depreciation expense $1,200

To Accumulated depreciation-Equipment $1,200

[Being depreciation expense is recorded]

4 Insurance expense [$3,960 × 7 ÷ 12] $2,310

To Prepaid insurance $2,310

[being insurance expense is recorded]

5 Unearned service revenue $7,000

To Service revenue $7,000

[Being revenue from unearned is recorded]

6 Accounts receivable $4,200

To Service revenue $4,200

[Being accrued service revenue is recorded]

7 Salaries expense [$5,400 × 3 ÷ 5] $3,240

To Salaries payable $3,240

[being accrued salaries expense is recorded]

4 0

3 years ago

5. Consider a firm redesigning its logistics network. What are the advantages to having a small number of centrally located ware

damaskus [11]

Answer:

Explanation:small number of centrally locates warehouses will make their products readily available in needed small quantities. While having a larger warehouse nearer to the end customers will make the product easily accessible

8 0

3 years ago

You purchase both potatoes and gasoline regularly. Your income decreases, and you purchase less gasoline. This means that: Gasol

KIM [24]

Answer:

Gasoline is a normal good

Explanation:

Normal goods are goods that are goods whose demand increases when income increases and falls when income falls

Inferior goods are goods whose demand falls when income rises and increases when income falls.

Because the demand for gasoline falls when income falls, gasoline is a normal good.

I hope my answer helps you

7 0

3 years ago