Answer:
agree with this
.................................
Answer:
a.
i. 4.7 times
ii. 77.1 days
b
i. 7 times
ii. 52.1 days
Explanation:
Inventory turnover = cost of goods sold / average inventory
average inventory for 2016 = ( 87,750 + 92,500 ) / 2 = $90,125
Inventory turnover $426,650 / $90,125 = 4.7 times
Days' sales in inventory = 365 / inventory turnover = 77.1 days
for 2017
inventory turnover = cost of goods sold / average inventory
average inventory for 2017 = ( 97,400 + 87,750 ) / 2 = $92,575
Inventory turnover $643,825 / $92,575 = 7.0 times
Days' sales in inventory = 365 / inventory turnover = 52.1 days
The answer
is False, whereas training focuses on specific job-related skills, development
is aimed at helping managers improve more general skills such as time
management, motivating employees, and solving problems. <span>Cognitive
ability tests are seen as aptitude tests because they focus on the question of
whether the person will be able to perform some specific task in the future.</span>
Answer:
Receivable turnover ratio = 8.1 times
Account receivable days = 44.9 days
Explanation:
<em>Th account receivable days is the average length of time it takes a business to collect amount due on account from customers</em>
A<em>ccount receivable ratio = Net sales /Average account receivable</em>
<em>Account receivable days = (Average receivable/Net sales) × 365 days</em>
<em>Average account receivable</em>
= (Receivable at the beginning + Receivable at the end)/2
= ( 4,830+ 5,130)/2
=4980
<em>Note that the accounts receivable balance at the end of 2015 will be the opening balance at the beginning of 2016. The closing balance of 4,830 of 2015 will be the opening balance for 2016</em>
Receivable turnover ratio
=45,500/4980
= 8.1 times
Account receivable days
= (4980/45,500)× 365 days
= 44.9 days
