Answer:
The answer is E. 12.22 percent.
Explanation:
The calculation for common-size percentage is: (Amount / Base amount) x 100.
On the balance sheet or financial position the base is total assets and on the income statement the base is net sales.
The common-size statement value of inventory will be:
Value of inventory/total assets.
Total assets = $2,600 + $920
=$3,520
Value of inventory = $430
Therefore, we have:
($430/$3,520) x 100
12.22percent.
Answer:E. Task Identity
Explanation: Task identity is a term used to describe the distribution of the various stages of a task to separate individuals in order for each person to have a clear focus on his or her own task.
Task Identity is one of the five parts of job characteristics which includes,skill variety, task identity, task significance, autonomy and feedback. Task identity ensures that each person is identified According to the task he or she is involved in.
Question:
An express warranty is created when a seller:
A) makes an affirmation of fact or promise concerning the goods that becomes part of the basis of the bargain.
B) uses descriptive terms as a part of the bargaining process, but the buyer does not take it into consideration when making the purchase.
C) sells goods meant for use for ordinary purposes.
D) avoids using a sample or model as the basis for the contract.
Answer:
The correct choice is A)
An express warranty is created in the contract when a supplier makes a promise concerning the goods that the buyer can hold on to as an incentive to purchase the product.
Explanation:
For example, if a consumer buys a Laptop online, but when it arrives the item is the wrong specifications, wrong color, or is dented or damaged in anyway, an <em>express warranty</em> might entitle the consumer to a refund or replacement.
This warranty usually is stated upfront prior to or during the execution of the sales transaction.
Cheers!
Answer:
Amount to be borrowed = $21,600
Explanation:
Provided details,
Opening cash balance as on 31 March = $36,400
Add: Expected Receipts = $641,000
Less: Expected purchases = ($608,500)
Less: Cash Expenses = ($27,000)
Less: Selling and administration ($33,500)
Total balance = $8,400
Balance to be maintained = $30,000
Loan to be taken or amount to be borrowed = $30,000 - $8,400 = $21,600
Answer:
decrease in the day's sales inventory
Explanation:
Corner Hardware has succeeded in increasing the number of goods it sells while holding the amount of inventory on hand, cost per unit, and the selling price per unit at a constant level.
This situation will be reflected in the firm's financial ratios in the form of a decrease in the day's sales inventory.
