AC
Alondra Cuevas
Answers (7)
AC
Answered
The budgeted direct materials purchases is normally computed as the sum of (1) the materials for production and (2) the desired ending inventory.
On Jul 14, 2024
False
AC
Answered
The following information is available for Oakland Company: 20172016 Accounts receivable $360,000$400,000 Inventory 340,000400,000 Net credit sales 2,470,0001,400,000 Cost of goods sold 1,850,0001,060,000 Net income 300,000170,000\begin{array}{lrr}&2017&2016\\\text { Accounts receivable } & \$ 360,000 & \$ 400,000 \\\text { Inventory } & 340,000 & 400,000 \\\text { Net credit sales } & 2,470,000 & 1,400,000 \\\text { Cost of goods sold } & 1,850,000 & 1,060,000 \\\text { Net income } & 300,000 & 170,000\end{array} Accounts receivable Inventory Net credit sales Cost of goods sold Net income 2017$360,000340,0002,470,0001,850,000300,0002016$400,000400,0001,400,0001,060,000170,000 The inventory turnover ratio for 2017 is
A) 6.7 times.
B) 5.0 times.
C) 5.4 times.
D) 4.6 times.
A) 6.7 times.
B) 5.0 times.
C) 5.4 times.
D) 4.6 times.
On Jul 12, 2024
B
AC
Answered
Unfortunately,most nations do not have a central bank similar to the U.S.Federal Reserve.
On Jun 12, 2024
False
AC
Answered
In marketing terms, the care you receive when you visit your family dentist is an example of
A) a concept.
B) an idea.
C) a service.
D) a good.
E) an action.
A) a concept.
B) an idea.
C) a service.
D) a good.
E) an action.
On May 14, 2024
C
AC
Answered
________ divide(s) manual work into small basic elements that have established and widely accepted times.
On May 13, 2024
Predetermined time standards
AC
Answered
The failure to self-disclose can result in the wastage of time and energy.
On May 12, 2024
True