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sweet [91]
3 years ago
10

ABC's beginning inventory is $2,000 and its ending inventory is $1,000. The inventory turnover is 6 times. Cost of goods sold fo

r the year must equal:
Business
1 answer:
mojhsa [17]3 years ago
7 0

Answer:

$9000

Explanation:

Inventory turnover is an example of an activity ratio

Activity ratios calculate the efficiency of performing daily task of a firm

Inventory turnover = cost of goods sold / average inventory

Average inventory = (beginning inventory + ending inventory) / 2

($2000 + $1000) / 2 = $1500

6 = cost of goods sold / 1500

To determine cost of goods sold, multiply both sides of the equation by 1500

1500 x 6 = $9000 = cost of goods sold

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You’ve been asked to add a new customer for your client in their QuickBooks Online company, so, you go to the Sales Center and s
sveticcg [70]

Answer:

(2) Select the add customer button

(7) Select payment and billing

Explanation:

we know here client ask for add a new customer in Quick Books

so we first enter the basic detail of customer like name phone number email id address etc after that we select the add customer button after that also we can edit customer more details

then we have to select customer name from list and then select the edit button that is given top right corner

and if customer is not taxable then we need to enter re seller no whatever they provided

after that we select for payment and billing icon and select payment of method is credit card

last we save it

3 0
3 years ago
JBC Corporation is owned 20 percent by John, 30 percent by Brian, 30 percent by Charlie, and 20 percent by Z Corporation. Z Corp
USPshnik [31]

Answer:

Part (a)  

The percentage ownership of Mr. John is 20% + (80% x 20%) = 36%

Part (b)

The percentage ownership of Mr. Brian is 30% + 30% = 60%

Part (c)

The percentage ownership of Mr. Charlie is 30% + 30% = 60%

Part (d)

The amount that could be recognized for the purposes of tax would be $0, as Mr. Brian owns more than half that is more than 50% of XYZ Corp. either directly or indirectly.

4 0
3 years ago
_________ is a class of analytics tools that helps an organization align its strategy with what is happening within the operatio
prohojiy [21]

Answer: Business intelligence

Explanation:

Business intelligence is a class of analytics tools that helps an organization align its strategy with what is happening within the operation.

Business intelligence (BI) combines data tools, mining, visualization, business analytics, and infrastructure, in order to assist businesses to make more decisions that are data-driven.

6 0
3 years ago
In an economy, the total expenditures for a market basket of goods in year 1 (the base year) was $5,000 billion. In year 2, the
Vitek1552 [10]

Answer:

CPI = 110

Explanation:

The consumer price index(CPI) measures the general change in prices for a basket of goods and services in an economy over time. The basket of goods and services is representative of consumer spending in the economy.

The formula for calculating CPI with a base year is as below.

consumer price index = <u>cost of the market basket in a given year </u>  x100

                                       cost of a market basket at the base

In this case,

CPI  =  $ 5500    x 100

            $ 5000

CPI = 11 x 100

CPI =110

6 0
4 years ago
Suppose an initial investment of $100 will return $50/year for three years (assume the $50 is received each year at the end of t
sukhopar [10]

Answer:

Since the NPV is positive, it is a profitable investment.

Explanation:

Solution

Given that:

The initial investment of $100 would be considered as an outflow.

The inflow for the next three years will be =$50

The discount rate r = 0.2

To find or determine the probability of the investment, discount the future of outflows and inflows. the following formula is applied or used  to find the present value of inflows

PV = FV/(1 + r )^k

Where

PV = present value

FV =future value

r = discount rate

k = time period

Now,

For k =1

PV = 50/(1 + 0.2)

=$41.67

So,

PV  for k = 2 is $34.72 and for k =3 is $28.94

Thus,

The net present value can be calculated by the difference between the outflows and total inflows

NPV =$100- ($41.67 + $34.72 + $28.94)

=$5.33

6 0
3 years ago
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