Answer:
Journal entries
Explanation:
The journal entries are as follows
On July 1
Prepaid insurance Dr $12,400
To Cash $12,400
(Being the payment is recorded)
On December 31
Insurance expense Dr $3,100
To Prepaid insurance $3,100
(Being the insurance expense is recorded)
It is computed below:
= $12,400 × 6 months ÷ 24 months
= $3,100
Answer:
The long and complex chain involved farming, ginning, spinning, weaving, and stitching.
Explanation:
Base on the scenario been described in the question, the statement that best or accurately describes IKEA's supply chain is the long and complex chain involved farming, ginning, spinning, weaving, and stitching.
Answer:
They mean by what is your culture
Explanation:
Answer:
There are 67 schools,44 elementary schools, 13 middles schools, 6 high schools, 3 senior high schools, and 1 alternative STEM-based high school, Plano ISD Academy High School. Out of the 67 schools, 56 are located within the city of Plano.
Explanation:
I hope this helps! :)
Answer and Explanation:
A. Current ratio= current assets/current liabilities
= 33900+158200+135600/113000 = 2.9
B. Account Receivable Turnover = Sales/ Average account receivables
= 379100 -28000/158200+135600/2) = 2.39
c) Average collection period =
365/ account receivable turnover
= 365/2.39 =
152.72 days
D. inventory turnover = cost of goods sold / average inventory
= 203800/135600+113000/2 = 1.64
E. Days in inventory = 365/inventory turnover=
365/1.64 = 222.561 Days
F. Cash debt coverage
= cash from operating activities - dividend / total debt
= (58000 - 19600 )/(226000) = 0.17
G. Current cash debt coverage = net cash provided by the operating activities / average current liabilities
=58000 /113000 + 135600/2) = 0.467
H. Cash flow available = cash flow from operating activities - Capital Expenditure- Cash Dividend
$(58000-27500-19600)
= $10900
