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I am Lyosha [343]

2 years ago

6

an order to stay on track for long term financial goals, money for emergency spending should be taken first from your Osavings a

ccount. discretionary money. fixed expense money. O net income.

2 answers:

Andrej [43]2 years ago

3 0

Answer: discretionary money

Explanation:

Edge 2021

Cerrena [4.2K]2 years ago

3 0

Answer: Discretionary :)

Explanation:

2021 edg

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Analyse, using a production possibility curve (PPC) diagram, the effect of an increase in enterprise on an economy.

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3 years ago

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Walker Telecommunications has a quick ratio of 2.00x, $35,550 in cash, $19,750 in accounts receivable, some inventory, total cur

Oduvanchick [21]

Answer:

Option C: 8.44 times

Explanation:

Quick ratio(also called as acid test ratio) is the indicator of a company's liquidity position at a very short period which only considers the most liquid assets and ignores Inventory & other assets which cannot be realised immediately.

As we know that Quick Ratio = [Current Assets - Inventory - Prepaid Assets] / Current Liabilities

2.00 = $79,000 - Inventory - 0] / $27,650

=> Inventory = $23,700‬

Inventory turnover ratio gives us the number of times the company sells and replaces its inventory during the period.

Annual Sales = $200,000

Inventory Turnover Ratio = Sales / Average Inventory

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2 years ago

Gladstone Company tracks the number of units purchased and sold throughout each accounting period but applies its inventory cost

Ilya [14]

Answer:

<u>Sale, March 14 (1,380 units) cost of goods sold = $117,200</u>
<u>Sale, August 31 (1,550 units ) cost of goods = $96,100</u>
<u>Ending inventory = 1,800 units</u>

<u>Explanation</u>:

a. Cost Of Goods Sold Using LIFO

<u>1. Sale, March 14 (1,380 units)</u>

- from May 1 purchase)

1,130 units at $90= 1130*90= $101,700

+

from January 30 purchase

250 units from 2,150 units at $62 = $15,500

Total= 15,500+101,700= $117,200

<u>2. Sale, August 31 (1,550 units )</u>

- from January 30 purchase

1,550 units from 1900 units leftover

1550 at $62 = 1550*62= $96,100

b. Ending inventory

350 units leftover from January 30 purchase + 1,450 units of Beginning inventory, January 1 = 1,800 units

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3 years ago

In the month of June, a department had 20,000 units in Beginning Work-in-Process that were 70% complete. During June, 90,000 uni

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Answer:

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<u>Calculation of the equivalent units of production for materials in June</u>

Beginning work in process 20,000

Units started and completed (90,000-10,000) 80,000

Ending work in process <u>10,000</u>

Equivalent units of production for materials for June <u>110,000</u> units

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