Business, 19.02.2021 16:30 studyowl1087
It is generally recognized that the spending habits of individuals changes over their lives. In general, young adults tend to spend than they earn, while older adults tend to spend. To accommodate their spending habits, young adults tend to rely on funds raised from. Retired adults, in contrast, tend to rely on to cover the frequent shortage between their current expenditures and their current incomes.
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Business, 21.06.2019 23:20
Which feature transfers a slide show into a word-processing document?
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Business, 22.06.2019 06:00
Cash flow is often a problem for small businesses. how can an entrepreneur increase cash flow? a) locate lower-priced suppliers. b) forego sending in estimated tax payments to the irs c) shorten the terms on a bank loan to pay it off more quickly d) sell more low-margin items.
Answers: 1
Business, 22.06.2019 06:30
Selected data for stickās design are given as of december 31, year 1 and year 2 (rounded to the nearest hundredth). year 2 year 1 net credit sales $25,000 $30,000 cost of goods sold 16,000 18,000 net income 2,000 2,800 cash 5,000 900 accounts receivable 3,000 2,000 inventory 2,000 3,600 current liabilities 6,000 5,000 compute the following: 1. current ratio for year 2 2. acid-test ratio for year 2 3. accounts receivable turnover for year 2 4. average collection period for year 2 5. inventory turnover for year 2
Answers: 2
Business, 22.06.2019 19:00
For each of the following cases determine the ending balance in the inventory account. (hint: first, determine the total cost of inventory available for sale. next, subtract the cost of the inventory sold to arrive at the ending balance.)a. jillās dress shop had a beginning balance in its inventory account of $40,000. during the accounting period jillās purchased $75,000 of inventory, returned $5,000 of inventory, and obtained $750 of purchases discounts. jillās incurred $1,000 of transportation-in cost and $600 of transportation-out cost. salaries of sales personnel amounted to $31,000. administrative expenses amounted to $35,600. cost of goods sold amounted to $82,300.b. kenās bait shop had a beginning balance in its inventory account of $8,000. during the accounting period kenās purchased $36,900 of inventory, obtained $1,200 of purchases allowances, and received $360 of purchases discounts. sales discounts amounted to $640. kenās incurred $900 of transportation-in cost and $260 of transportation-out cost. selling and administrative cost amounted to $12,300. cost of goods sold amounted to $33,900.a& b. cost of goods avaliable for sale? ending inventory?
Answers: 1
It is generally recognized that the spending habits of individuals changes over their lives. In gene...
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