Business, 11.12.2019 06:31 ronniethefun
Solomon company reports the following in its most recent year of operations: sales, $1,000,000 (all on account) cost of goods sold, $490,000 gross profit, $510,000 accounts receivable, beginning of year, $110,000 accounts receivable, end of year, $140,000 merchandise inventory, beginning of year, $55,000 merchandise inventory, end of year, $60,000. based on these balances, compute: the accounts receivable turnover. the inventory turnover.
Answers: 2
Business, 21.06.2019 17:30
Following are the transactions for valdez services. the company paid $2,000 cash for payment on a 6-month-old account payable for office supplies. the company paid $1,200 cash for the just completed two-week salary of the receptionist. the company paid $39,000 cash for equipment purchased. the company paid $800 cash for this month’s utilities. the company paid $4,500 cash in dividends to the owner (sole shareholder). examine the above transactions and identify those that create expenses for valdez services. prepare general journal entries to record those transactions that created expenses in the above given order.
Answers: 2
Business, 22.06.2019 11:30
Margaret company reported the following information for the current year: net sales $3,000,000 purchases $1,957,000 beginning inventory $245,000 ending inventory $115,000 cost of goods sold 65% of sales industry averages available are: inventory turnover 5.29 gross profit percentage 28% how do the inventory turnover and gross profit percentage for margaret company compare to the industry averages for the same ratios? (round inventory turnover to two decimal places. round gross profit percentage to the nearest percent.)
Answers: 2
Business, 22.06.2019 18:00
If you would like to ask a question you will have to spend some points
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Business, 22.06.2019 18:10
Consumers who participate in the sharing economy seem willing to interact with total strangers. despite safety and privacy concerns, what do you think is the long-term outlook for this change in the way we think about interacting with people whom we don't know? how can businesses to diminish worries some people may have about these practices?
Answers: 1
Solomon company reports the following in its most recent year of operations: sales, $1,000,000 (all...
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