Answer:
The correct answer is option (B).
Explanation:
According to the scenario, the given data are as follows:
Purchased office supplies = $4,500
Supplies on balance account (in beginning) = $200
Supplies remaining (in end of month) = $180
So, To calculate supplies used in February we use following method:
Supplies Used = Supplies in Beginning + Purchased office supplies - Supplies in Ending
= $200 + $4,500 - $180
Supplies Used = $4,520
Hence, the amount of supplies USED during February was $4,520.
Answer: 12.5 times
Explanation:
The accounts receivable turnover tells you how effective your company's collection mechanism is.
Accounts Receivable turnover = net credit sales/accounts receivables
= 8500000/600000+760000 = 12.5 times.
Answer:
Visualize and organize your thoughts.
Explanation:
Answer and Explanation:
The preparation of the sales section of the income statement is presented below:
<u>Income Statement
</u>
<u>For the year ended </u>
Sales
Sales revenue $903,400
Less:
Sales Discount $15,400
Sales return & allowances $22,000
Net Sales $866,000
hence the net sales is $866,000
The freight out would not be considered. Hence, ignored it
Sales Target
Explanation:
A sales target is an example of a measurable goal and it is probably the most common, and perhaps the most important, measurable goal in a firm.
It simply consists in determining a minimum number of goods or services to be sold, measured in either physical or monetary terms, in order to keep the firm afloat and profitable.
For example, a firm that sells cars can determine that for the month of january it must sell at least 250 cars in order to stay in business. If the goal is not reached, the sustainability of the firm can be endangered.
Help by None other than the<u><em> #QUEEN</em></u> herself <u><em>#DRIPPQUEENMO</em></u>
