Answer:
<u>Therefore, the lease liability is $533,600 and the current liability is $46,640.
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Explanation:
I don’t know the answer but just try harder
Answer:
D interning at a local design company
Answer:
5.55 times
Explanation:
The computation of the raw materials inventory turnover is shown below:
= Direct material used ÷ average raw material inventory
where,
Average inventory = (Opening balance of raw material inventory + ending balance of raw material inventory) ÷ 2
= ($10,000 + $8,000) ÷ 2
= $9,000
And, the direct material used is $50,000
So, the raw materials inventory turnover would be
= $50,000 ÷ $9,000
= 5.55 times
Answer:
A. Earned.
Explanation:
The accrual basis of accounting applicable to proprietary fund types requires that exchange revenues be recognized when <u>earned.</u> In Accrual Accounting, revenue is recognized when it is earned and is recognizable to be collected in future, not when cash is received against that revenue.