How to get a series 7 license

Heritage, Inc., had a cost of goods sold of $44,621. At the end of the year, the accounts payable balance was $8,403. How long o

Fiesta28 [93]

Answer:

Days sales in payable = 68.74 days(Approx)

Explanation:

Given:

Cost of goods sold = $44,621

Accounts payable = $8,403

Days sales in payable = ?

Computation of Days sales in payable :

$Days\ sales\ in\ payables=(Accounts\ payable\/cost\ of\ goods\ sold)\times365\ days$

Days sales in payable = ($8,403 / $44,621) × 365 days

Days sales in payable = 0.188319401 × 365 days

Days sales in payable = 68.7365814

Days sales in payable = 68.74 days(Approx)

7 0

2 years ago

For most producing firms:_______.

irinina [24]

Answer:

letter a is the correct answer

Explanation:

5 0

2 years ago

Transactions that affect earnings do not necessarily affect cash.Identify the effect, if any, that each of the following transac

xeze [42]

Answer:

Effects of Transactions on Cash and Net Income:

Cash Net Income

(a) Purchased $104 of supplies for cash. -$104 $0

(b) Recorded an adjusting entry to record use

of $40 of the above supplies. $0 -$40

(c) Made sales of $1,432, all on account. $0 $1,432

(d) Received $995 from customers in payment

of their accounts. $995 $0

(e) Purchased capital asset for cash, $2,635. -$2,635 $0

(f) Recorded depreciation of building for period

used, $710. $0 -$710

Explanation:

a) Data and Analysis:

a. Supplies $104 Cash $104

b. Supplies Expense $40 Supplies $40

c. Accounts receivable $1,432 Sales revenue $1,432

d. Cash $995 Accounts receivable $995

e. Capital asset $2,635 Cash $2,635

f. Depreciation Expense $710 Accumulated Depreciation $710

b) Only transactions that affect Cash have cash effects. Transactions that affect net income are either revenue or expenses. All other transactions that do not affect cash or net income are analyzed according to their basic effect on the accounting equation of assets = liabilities + equity.

3 0

2 years ago

Data mining is an integral part of ___________________ which is the overall process of converting raw data into useful informati

bekas [8.4K]

Knowledge discovery in databases (KDD), which is the total process of transforming raw data into valuable information, includes data mining as a crucial component.

<h3>What is data mining and how it works explain?</h3>

In order to uncover patterns in company data that may be used to make better decisions, data mining is the application of a number of technologies, methods, and analytical approaches. It combines statistics, artificial intelligence, and machine learning to find patterns, correlations, and anomalies in enormous data sets.

<h3>Why is data mining useful?</h3>

The ability to find hidden patterns for one's own use is made possible by data mining software, which is incredibly helpful to enterprises. Since they are employed in data analysis and forecasting, these patterns help to improve business relationships by increasing the potential of the organization.

Learn more about data mining: brainly.com/question/17092948

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4 0

1 year ago

Identify each good as either intermediate or final. intermediate final tires bought by a driver for her personal vehicle a memor

VARVARA [1.3K]

Answer:

Tires bought by a driver for her personal use- final good

Memory card bought by a photographer-intermediate good

Lenses bought by a camera manufacturer- intermediate good

Tires bought by a car manufacturer-intermediate good

Explanation:

Since tires are for personal use and not used to produce any other good it will be classified as a final good.

A memory card bought by a photographer will be used in creating new pictures, so it will be categorized as an intermediate good.

Similarly, lenses bought by a camera manufacturer will be used for making cameras and tires bought by a car manufacturer will be used for making cars. So both will be classified as a final good.

8 0

2 years ago