Answer:
Net increase in Capital Assets with amount of USD 38,000/-
Answer:
305,000 Shares
Explanation:
The approriate number of shares to be used in the basic earnings per share computation for 2018 is calculated thus:
- As at December 31, 2017 Issued and Outstanding Common Stock = 300,000 shares
- Dividend paid= 5% Common Stock
- Meaning As at June 30, 2018, Common Stock issued rose as follows:
=(300,000×1.05)= 315,000
- However, Treasury Stock Reacquired September 30, 2018 = 40,000 shares of common stock
- Implication: From January - September 30, Common Stock increased from 300,000 to 315,000. However, From October 1- Decembe 21, Common Stock reduced by 40,000.
- To Calculate the Shares for EPS: We need to remove the last 3 months (October- December) for which the outstanding common stock has reduced by 40,000 shares.
- = (300,000 × 1.05) - (40,000 ×3/12)
- = 315,000-10,000
- =305,000 (Appropriate number of shares for basic EPS for 2018)
Answer and Explanation:
The computation is shown below:
a. The receivables Turnover Ratio and Inventory Turnover Ratio is
receivables Turnover Ratio is
= Net credit sales ÷ average account receivable
= $86,000 ÷ ($6,500 + $6,900) ÷ 2
= $86,000 ÷ $6700
= 12.84 times
Inventory turnover ratio is
= Cost of goods sold ÷ average account receivable
= ($86,000 × (1 - 49.8%) ÷ ($7,280 + $7,300) ÷ 2
= $43,172 ÷ $7,290
= 5.92 times
b. The average days to collect receivables and inventory is
For receivables
= 365 ÷ 12.84 times
= 28.43 days
For inventory
= 365 ÷ 5.92
= 61.66 days
B. 400$...
I actually got 3.999 so I rounded is that acceptable??
Answer:
InfoScan.
Explanation:
A UPC is an acronym for universal product code. UPC is typically used for the identification of a specific product and its manufacturer (vendor) through a unique code that is printed on the product.
Basically, a universal product code (UPC) comprises of two (2) main parts;
A machine-readable barcode that contains sets of vertical black lines.
A unique twelve (12) digit number placed beneath or adjacent to the machine-readable barcode.
The first six-digits of the UPC represents the manufacturer and is printed on all of its products while the next five-digits is the product's unique reference number (item number) and the last digit is typically known as a check digit, used for the verification of the authenticity of a UPC.
Generally, the universal product code are usually scanned with a barcode scanner and this makes it easier to identify a product, as well as its price.
In this scenario, CVS pharmacy collects data from bar-coded products, which can be evaluated and combined to monitor its products that are in demand by customers. Also, this method is used to track pricing data to make sure that its pricing remains competitive among rivals. Thus, thiis is an example of InfoScan used for systemically scanning price information on products.
