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2 years ago

Another name for equity is:

Business

1 answer:

guajiro [1.7K]2 years ago

7 0

Answer:

revenue

Explanation:

and the answer is revenue

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Other things remaining the same, if the average aggregate inventory value goes down, then?

mixas84 [53]

Other things remain the same if the average aggregate inventory value goes down, then the inventory turnover ratio will go up, but weeks of supply will go down.

An inventory valuation allows a company to provide a monetary value for items that make up its inventory. Inventories are usually the largest current asset of a business, and proper measurement of them is necessary to assure accurate financial statements.

An inventory valuation is a monetary amount associated with the goods in the inventory at the end of an accounting period.

learn more about inventory value here

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7 0

8 months ago

During the year, Sheldon Company had net credit sales of $ 47 comma 000. At the end of the year, before adjusting entries, th

Maru [420]

Answer:

The balance of allowance for doubtful accounts is $ 1,880

Explanation:

Computation of balance in Allowance for Bad Debts

Total credit sales $ 47 comma 000

Estimated bad debts as a % of sales 4 %

Balance of Allowance for Doubtful accounts $ 1,880

The balance is based on a % to credit sales basis. The bad debts expense for the year considers the balance in the allowance for doubtful accounts and the accounting entry is an adjustment amount.

4 0

3 years ago

The following information relates to Sheridan Company for the year 2022.

aliina [53]

Answer:

a. Computation of net income

Particulars Amount

Service revenue $52,500

Less: Expenses

Salaries and wages expenses ($23,520)

Utilities expense ($2,600)

Rent expense ($8,740)

Advertising expense ($1,510)

Net Income $16,130

b. Computation of comprehensive income statement

Particulars Amount

Net Income $16,130

Add: Other Comprehensive Income $380

Comprehensive Income $16,470

Note: Dividend will not be included as it forms part of Income statement

5 0

2 years ago

Does retail storage with customer pick up pose any risk for distribution network?

sukhopar [10]

Inventory cost is higher than all other options. If there are many small players at the customer stage, each requiring small amount of the product at a time.

4 0

2 years ago

Accounts receivable turnover and days’ sales in receivables For two recent years, Robinhood Company reported the following: 20Y9

jasenka [17]

Answer:

Accounts receivable for 2019 = $590,000

Accounts receivable for 2018 = $570,000

Explanation:

The computation of accounts receivable for both years is shown below:-

2019 2018

Sales $7,906,000 $6,726,000

Accounts receivable

Beginning balance $600,000 $540,000

Ending balance $580,000 $600,000

Accounts receivable $590,000 $570,000

Working note:-

Average Accounts receivable for 2019 = ($600,000 + $580,000) ÷ 2

= $590,000

Average Accounts receivable for 2018 = ($540,000 + $600,000) ÷ 2

= $570,000

7 0

3 years ago