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DedPeter [7]
3 years ago
9

If the average aggregate inventory value is $100,000 and the cost of goods sold is $450,000, which of the following is inventory

turnover?
A. 19.23
B. 4.5
C. 0.8654
D. 0.2222
E. None of the above
Business
1 answer:
siniylev [52]3 years ago
5 0

Answer: B 4.5

Explanation:

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The unearned consulting revenues are liabilities. A liability, in accounting terms, is an obligation and is found in the balance sheets of companies or businesses. When a company does transactions with other individuals or companies usually they owe amounts to creditors for the goods or services the company acquires. In another sense, a liability is a source of the company’s assets. They can also be considered as claims against the company’s assets. A liability may also include those amounts received by the company in advance of future services. Liabilities include accounts payable, notes payable, salaries payable, interest payable, bonds payable, accrued expenses payable, etc. Their normal balance is credit.
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3 years ago
The following information relates to a company's defined benefit pension plan at December 31:Accumulated benefit obligation1,035
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Answer:

B.$513,000

Explanation:

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Pension liability=Projected benefit obligation-Plan Assets(fair value)

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7 0
3 years ago
Scott Corp. received cash of $20,000 that was included in revenues in its Year 1 financial statements, of which $12,000 will not
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Answer:

3,000

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The accounting reason for this treatment is to match expenses with the time they occur or the revenues which generated.

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3 years ago
In what way(s) do private loans differ from federal loans? interest rates are based on credit history fewer repayment options co
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<u>All answers are correct</u><u>  is the correct option .</u>

What is the advantage of federal loans over private loans?

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What distinguishes private loans from federal loans?

The main distinction between federal and private loans is that federal loans are provided by the government, whereas private loans are provided by banks, credit unions, and other financial institutions.

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2 years ago
What is considered a human rights abuse by an American company may be viewed as an acceptable business practice in China, which
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What is considered a human rights abuse by an American company may be viewed as an acceptable business practice in China, which illustrates that moral standards are <u>relative </u>to particular societies.

<h3>What are moral standards?</h3>

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