Answer:
B.) $11.90
Explanation:
Predetermined manufacturing overhead rate are based on the estimates made by the company.
So the calculation should be:
Estimated MOH of $238,000<em> divided by</em> Estimated Machine Hours of 20,000.
Giving us the result of $11.90
(238,000 / 20,000 = 11.90)
Answer: The Children's Advertising Review Unit.
Explanation:
The Children’s Advertising Review Unit or CARU was established in 1974 as an independent self-regulatory agency. Its function is to regulate publicity in the media so can be suitable for children under 12 years of age.
CARU regulate television, radio, print media, and virtual media, so the advertising directed at children under the age of twelve is not misleading, immoral, and is consistent with the child's cognitive ability.
<em>I hope this information can help you.</em>
Answer:
Amount of cash flow will be $2328
So option (B) will be the correct answer
Explanation:
We have given total merchandise = $4000
And return merchandise = $1600
Here 
means if Sheridan Company makes the payment within 10 days then he will get discount of 3 % as in the question he makes the payment within 10 days so he will will get 3 % discount
Now amount of cash received = total merchandise - return merchandise
= $4000 - $1600 = $2400
Now discount is 3 %
So after discount amount received 
So option (B) will be the correct answer
Answer:
Receivables turnover = 11.50 times
Days' sales in receivables = 31.74 days
Average collection period = 31.74 days
Explanation:
<u>Receivables Turnover Ratio</u>
Receivables turnover = Credit Sales / Receivables
= $3,804,200 / $330,800
= 11.50 times
Receivables turnover ratio measures how many times a company's receivables are converted to cash in a period. A high receivables turnover ratio can indicate that a company’s collection of accounts receivable is efficient and that the company has a high proportion of quality customers that pay their debts quickly.
<u>Days' sales in Receivables/ Average Collection Period</u>
Days' sales in receivables = 365 days / Receivables turnover
= 365 / 11.50
= 31.74 days
On average, credit customers took 31.74 days to pay off their accounts.
The days' sales in receivable ratio which is also known as the average collection period tells you the number of days it took on average to collect the company's accounts receivable during the past year.
Limited partnership form of business entity should these individuals adopt.
Explanation:
A Limited Partnership is a common partner that has unlimited personal liability to the company's assets and commitments and a joint partner that has limited liability but does not share in the management process. a Limited Partnership is a limited partner.
Most states allow a professional license in a specified area for every LLP participant. As a result, relationships with doctors, judges, accountants, engineers, financial advisors certified, vet and business owners typically include lLPs. Currently attorneys and accountants are approved for LLPs in California.
