"excerpts from hulkster company's december 31, 2018 and 2017, financial statements are presented below: 2018 2017 accounts receivable $ 40,000 $ 36,000 merchandise inventory $ 28,000 35,000 net sales 190,000 186,000 cost of goods sold 114,000 108,000 total assets 425,000 405,000 total shareholders' equity 240,000 225,000 net income 32,500 28,000 hulkster's 2018 average days in inventory is (rounded): "a. 18.7%b. 19.7%c. 18.5%d. 9.9%

Northington, inc. is preparing the company's statement of cash flows for the fiscal year just ended. using the following information, determine the amount of cash flows from operating activities using the indirect method: net income$182,000gain on the sale of equipment12,300proceeds from the sale of equipment92,300depreciation expense—equipment50,000payment of bonds at maturity100,000purchase of land200,000issuance of common stock300,000increase in merchandise inventory35,400decrease in accounts receivable28,800increase in accounts payable23,700payment of cash dividends32,000 $189,400.$332,200.$236,800.$261,400.$186,800.

Turrubiates corporation makes a product that uses a material with the following standards standard quantity 8.0 liters per unit standard price $2.50 per liter standard cost $20.00 per unit the company budgeted for production of 3,800 units in april, but actual production was 3,900 units. the company used 32,000 liters of direct material to produce this output. the company purchased 20,100 liters of the direct material at $2.6 per liter. the direct materials purchases variance is computed when the materials are purchased. the materials quantity variance for april is:

All of the following led to the collapse of the soviet economy except a. a lack of worker incentives. c. inadequate supply of consumer goods. b. a reliance on production quotas. d. the introduction of a market economy.