-
Question 17 Incorrect Mark 0.00 out of 4.00 P Flag question Inventory Turnover and Days' Sales in Inventory W. Glass & Company reported the following information in its recent annual report: 2018 2019 Cost of goods sold $4,000,000 $4,600,000 Beginning inventory 880,000 860,000 Ending inventory 860,000 760,000 Calculate the company's inventory turnover and days' sales in inventory for both years. Round answers to two decimal places. Use rounded answers for subsequent calculations. 2018 2019 80 X 0 Inventory turnover Days'...
-
E Business Course Return to course Question 3 Not complete Marked out of 12.00 P Flag question Inventory Management Metrics Large retailers like Costco and Target typically use gross margin ratio (gross margin + sales), invento on investment (GMROI) to evaluate how well inventory has been managed. The goal is to maximize scenarios, a base scenario (A) followed by three modifications (B, C, and D) to the base scenario. Scenario A Scenario B Scenario C Scenario D Sales $50,000 $...
-
- Busines Course Retum to course :: My Subscrptions Jennifer Question 7 Not complete Marked out of 6.00 P Flag question Compute, Disaggregate, and interpret RNOA of Competitors Halliburton and Schlumberger compete in the oil field services sector. Refer to the following 2018 financial data for the two companies to answer the requirements. S millions HAL SLB Total revenue $23,995 $32,815 Pretax net nonoperating expense 653 426 Net income 1,657 2,177 Average operating assets 23.361 67,836 Average operating liabilities 5.888...
-
ULUNUH Business Course Preparing The Cash Return to course Question 10 Not yet answered Marked out of 5.00 P Flag question Computing Activity Ratios Selected balance sheet and income statement information follows for R.A. Corporation. R.A. Corporation $ millions April 2. 2020 March 28, 2019 Income statement information: Sales $20.967 $22,353 Cost of goods sold 9,654 9,726 Balance sheet information: Accounts receivable, gross 2,313 2,718 Inventory 3.375 3.126 Accounts payable 468 630 Required Compute the following ratios for its fiscal...
-
NEED INSTANT HELP
Finish attempt.. Question 5 Not complete Marked out of 4.00 P Flag question Income Statement, Statement of Stockholders' Equity, and Balance Sheet Napolean Corporation started business on January 1, 2016. The following information was compiled by Napolean's accountant on December 31, 2016: Sales Revenue 19.000 Equipment net 16750! 5.000 Building net 18.000 Dividends 350 Accounts Pay 300 675 Notes Payable 14,850 Required been to Type here to search the accountant for th e them ASUS ا اال...
-
Exercise 6-12 The following information is available for Cullumber Company for three recent fiscal years. Inventory Net sales Cost of goods sold 2017 $562,811 1,978,222 1,560,073 2016 $569,532 1,746,610 1,309,350 2015 $325,890 1,300,667 940,444 Calculate the inventory turnover, days in inventory, and gross profit rate for 2017 and 2016. (Round inventory turnovel decimal places, e.g. 125 and gross profit rate to I decimal place, e.g. 5.296.) 2017 2016 Inventory Turnover times times Days in Inventory days days Gross Profit Rate...
-
Question 3 Not complete Marked out of 5.00 P Flag question The Account The following transactions occurred during December, the first month of operations for Farly Company. Prepare journal entries and create a T-account for accounts payable that includes the following five transactions 1 Purchased 1900 of vwentory on account 2 Purchased 5200 of inventory on account. 3 Parduers 5550 4 Purchased 500 of w ory on account 5 Paid suppliers 5300 General Journal 2/SO e A F S O...
-
PLEASE HELP
BusinessCourse Return to course Question 5 Not complete Marked out of 3.00 P Flag question Recording Transactions with the Accounting Equation During the year, the Riley Company experienced the following accounting transactions: 1. Purchased equipment with cash in the amount of $198,000. 2. Purchased supplies on account in the amount of $18,000. 3. Collected $23,400 cash from customers. 4. Paid a cash dividend of $13,200. Using the accounting equation, record each of the transactions in columnar format using...
-
Business Course Return to course # My Subscriptions eBook Question 3 Not complete Marked out of 2200 P Flag question Recording Goodwill upon Acquisition On January 1, 2020, the balance sheet of Napervile Company (a sole proprietorship) was as follows. Assets Liabilities Accounts receivable inet of allowance) $120.000 Current $76,000 Inventory 180,000 Noncurrent 160,000 $236.000 Plant and equipment niet of depreciation 400,000 Equity Land 60,000 Owners' equity 524,000 Total 5760,000 Total liabilities and owners' equity 5760,000 On January 1, 2020,...
-
Question 7 Not complete Marked out of 4.00 P Flag question Determine and Use Overhead Rate The following selected ledger accounts of Cameron Company are for February (the second month of its accounting year): Materials Inventory Feb. 1 balance 81.900 February credits 293,800 February debits 270,400 Manufacturing Overhead February debits 356.720 Feb. 1 balance 30.160 February credits 354,510 Work in Process Inventory Feb. 1 balance 58.240 February credits 897.000 February debits: Direct material 274,000 Direct Labor 393.900 Man overhead 354,510...
Question 17 Incorrect Mark 0.00 out of 4.00 P Flag question Inventory Turnover and Days' Sales in Inventory W. Glass & Company reported the following information in its recent annual report: 2018 2019 Cost of goods sold $4,000,000 $4,600,000 Beginning inventory 880,000 860,000 Ending inventory 860,000 760,000 Calculate the company's inventory turnover and days' sales in inventory for both years. Round answers to two decimal places. Use rounded answers for subsequent calculations. 2018 2019 80 X 0 Inventory turnover Days'...
E Business Course Return to course Question 3 Not complete Marked out of 12.00 P Flag question Inventory Management Metrics Large retailers like Costco and Target typically use gross margin ratio (gross margin + sales), invento on investment (GMROI) to evaluate how well inventory has been managed. The goal is to maximize scenarios, a base scenario (A) followed by three modifications (B, C, and D) to the base scenario. Scenario A Scenario B Scenario C Scenario D Sales $50,000 $...
- Busines Course Retum to course :: My Subscrptions Jennifer Question 7 Not complete Marked out of 6.00 P Flag question Compute, Disaggregate, and interpret RNOA of Competitors Halliburton and Schlumberger compete in the oil field services sector. Refer to the following 2018 financial data for the two companies to answer the requirements. S millions HAL SLB Total revenue $23,995 $32,815 Pretax net nonoperating expense 653 426 Net income 1,657 2,177 Average operating assets 23.361 67,836 Average operating liabilities 5.888...
ULUNUH Business Course Preparing The Cash Return to course Question 10 Not yet answered Marked out of 5.00 P Flag question Computing Activity Ratios Selected balance sheet and income statement information follows for R.A. Corporation. R.A. Corporation $ millions April 2. 2020 March 28, 2019 Income statement information: Sales $20.967 $22,353 Cost of goods sold 9,654 9,726 Balance sheet information: Accounts receivable, gross 2,313 2,718 Inventory 3.375 3.126 Accounts payable 468 630 Required Compute the following ratios for its fiscal...
NEED INSTANT HELP
Finish attempt.. Question 5 Not complete Marked out of 4.00 P Flag question Income Statement, Statement of Stockholders' Equity, and Balance Sheet Napolean Corporation started business on January 1, 2016. The following information was compiled by Napolean's accountant on December 31, 2016: Sales Revenue 19.000 Equipment net 16750! 5.000 Building net 18.000 Dividends 350 Accounts Pay 300 675 Notes Payable 14,850 Required been to Type here to search the accountant for th e them ASUS ا اال...
Exercise 6-12 The following information is available for Cullumber Company for three recent fiscal years. Inventory Net sales Cost of goods sold 2017 $562,811 1,978,222 1,560,073 2016 $569,532 1,746,610 1,309,350 2015 $325,890 1,300,667 940,444 Calculate the inventory turnover, days in inventory, and gross profit rate for 2017 and 2016. (Round inventory turnovel decimal places, e.g. 125 and gross profit rate to I decimal place, e.g. 5.296.) 2017 2016 Inventory Turnover times times Days in Inventory days days Gross Profit Rate...
Question 3 Not complete Marked out of 5.00 P Flag question The Account The following transactions occurred during December, the first month of operations for Farly Company. Prepare journal entries and create a T-account for accounts payable that includes the following five transactions 1 Purchased 1900 of vwentory on account 2 Purchased 5200 of inventory on account. 3 Parduers 5550 4 Purchased 500 of w ory on account 5 Paid suppliers 5300 General Journal 2/SO e A F S O...
PLEASE HELP
BusinessCourse Return to course Question 5 Not complete Marked out of 3.00 P Flag question Recording Transactions with the Accounting Equation During the year, the Riley Company experienced the following accounting transactions: 1. Purchased equipment with cash in the amount of $198,000. 2. Purchased supplies on account in the amount of $18,000. 3. Collected $23,400 cash from customers. 4. Paid a cash dividend of $13,200. Using the accounting equation, record each of the transactions in columnar format using...
Business Course Return to course # My Subscriptions eBook Question 3 Not complete Marked out of 2200 P Flag question Recording Goodwill upon Acquisition On January 1, 2020, the balance sheet of Napervile Company (a sole proprietorship) was as follows. Assets Liabilities Accounts receivable inet of allowance) $120.000 Current $76,000 Inventory 180,000 Noncurrent 160,000 $236.000 Plant and equipment niet of depreciation 400,000 Equity Land 60,000 Owners' equity 524,000 Total 5760,000 Total liabilities and owners' equity 5760,000 On January 1, 2020,...
Question 7 Not complete Marked out of 4.00 P Flag question Determine and Use Overhead Rate The following selected ledger accounts of Cameron Company are for February (the second month of its accounting year): Materials Inventory Feb. 1 balance 81.900 February credits 293,800 February debits 270,400 Manufacturing Overhead February debits 356.720 Feb. 1 balance 30.160 February credits 354,510 Work in Process Inventory Feb. 1 balance 58.240 February credits 897.000 February debits: Direct material 274,000 Direct Labor 393.900 Man overhead 354,510...