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2 years ago

The number of days' sales in inventory is calculated as divided by .

Business

2 answers:

Irina18 [472]2 years ago

8 0

A. Average inventory; average daily cost of goods sold

jenyasd209 [6]2 years ago

7 0

The answer to the question is the letter A.

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During August 2018, Bingham Company recorded the following: bullet Sales of $ 68 comma 900 ($ 55 comma 000 on account; $ 13

Paraphin [41]

Answer:

Explanation:

Direct Method

Aug

Dr Accounts Receivable 55,000

Dr Cash 13,900

Cr Sales 68,900

Dr Cash 45,100

Cr Accounts Receivable 45,100

Dr Bad Debt Expense 1,680

Cr Accounts Receivable 1,680

Dr Accounts Receivable 300

Cr Bad Debt Expense 300

Dr Cash 300

Cr Accounts Receivable 300

Allowance Method

Dr Accounts Receivable 55,000

Dr Cash 13,900

Cr Sales 68,900

Dr Cash 45,100

Cr Accounts Receivable 45,100

Dr Allowance for Doubtful debts 1,680

Cr Accounts Receivable 1,680

Dr Accounts Receivable 300

Cr Allowance for Doubtful debts 300

Dr Cash 300

Cr Accounts Receivable 300

8 0

3 years ago

Which job is categorized as professional and would most likely earn a salary?

Serggg [28]

If there are any choices please do tell.
But for me, I would go with being a teacher.

3 0

3 years ago

Read 2 more answers

If during the current year, liabilities of hayden travel decreased by $50,000 and owners' equity increased by $75,000, then:

lara [203]

The answer is "then assets increased during the year by $25,000".

liabilities of Hayden travel decreased by = $50,000
owners' equity increased by = $75,000
assets increased during the year = $75,000 - $50,000
= $25,000

3 0

3 years ago

Mountain Dental Services is a specialized dental practice whose only service is filling cavities. Mountain has recorded the foll

Phantasy [73]

Answer:

The fixed cost, variable cost per unit and the total cost is $3,800, $4 per unit ,and $6,000 respectively

Explanation:

1. The computation of the variable cost per unit is shown below:

= (High total cost - low total cost) ÷ (High number of cavities - low number of cavities)

= ($6,500 - $5,200) ÷ (675 - 350)

= $1,300 ÷ 325

= $4

2. The computation of the fixed cost is shown below:

Fixed cost = total cost - Variable cost

= $6,500 - (675 × $4)

= $6,500 - $2,700

= $3,800

3. And, the total cost for 550 cavities would be equal to

= Fixed cost + variable cost

= $3,800 + (550 cavities × $4)

= $3,800 + $2,200)

= $6,000

3 0

2 years ago

Andrea Apple opened Apple Photography, Inc. on January 1 of the current year. During January, the following transactions occurre

tiny-mole [99]

Answer:

$43,745

Explanation:

Calculation for what the Capital account reported on the Statement of Owner's Equity at the end of the month would be

Using this formula

Ending Capital Balance = Cash (1)+ Photography equipment (2) +Cash for services provided (4)+Services to customers on account (6)- Monthly rent(7)- Utility (9)

Let plug in the formula

Ending Capital Balance = $13,800 + $23,000 + $6,000 + $3,050 - $1,800 - $305

Ending Capital Balance= $43,745

Therefore the balance in the Capital account reported on the Statement of Owner's Equity at the end of the month would be: $43,745

5 0

3 years ago

The number of days' sales in inventory is calculated as __________ divided by __________.

The number of days' sales in inventory is calculated as divided by .