Answer:
A) True
Explanation:
The GAAP doesn't allow corporations to record any income or loss from investments in its own stock (repurchase and reissuing) since transactions involving the owners of the corporation cannot result in profit or losses. Shareholders are the owners of the corporation and it cannot make a profit or loss by selling to itself.
Reissuing or repurchasing of stock only affects the balance sheet, like all transaction involving stocks.
It is log-linear which is the best fit to the data?
Answer:
B) Single agency.
Explanation:
In real estate, a single agency relationship means that the broker can only represent one of the parties involved in the transaction, either the buyer or the seller, but he/she cannot represent both parties. Most broker-client relationships are single agencies, since that way the broker should pursuit his/her client's best interest.
In a dual agency relationship, the broker represents both he seller and the buyer.
Answer:
1. inventory turnover: 10 times
2. Average daily cost of goods sold: $536 per day
3. Number of days’ sales in inventory: 36.5 days
Explanation:
Inventory turnover ratio an efficiency ratio that indicates how many times a company sells and replaces its stock of goods during a particular period
Inventory turnover ratio is calculated by using following formula:
Inventory turnover ratio = Cost of Goods Sold/Average Inventory
In there:
Average Inventory = (Inventory beginning of year + Inventory end of year )/2
In the company:
Average Inventory = (20,500 + 18,628)/2 = $19,564
Inventory turnover = $195,640/$19,564 = 10 times
Average daily cost of goods sold = $195,640/365 = $536 per day
Number of days’ sales in inventory = (1/10)x365 = 36.5 days
Answer:
nope but thanks for asking
Explanation: