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2 years ago

Look at pic for question and answers.

Business

1 answer:

zubka84 [21]2 years ago

6 0

Answer:

It is decreased by the sale amount

Explanation:

An income statement is a financial statement that communicates a business's profitability. An income statement lists the revenues and expenses incurred by a business in a period.

The sale of a company's asset may result in a loss or profit. A profit is treated as an income to the business, but a loss is an expense. When an asset is sold at a loss, business expenses increase. An increase in expenses reduces profits as reported in the income statement.

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Four companies computed their days' sales in inventory as follows: Company A: 47.2 Company B: 36.5 Company C: 45.1 Company D: 39

Leviafan [203]

The most efficient and effective in managing its inventory is Company B.

<h3>Who is the most efficient?</h3>

The days' sales in inventory is a financial ratio that measures the rate at which a firm is able to sell its inventory in a given year. The lower the ratio, the more efficient a firm is in selling its inventory.

Days' sales in inventory = number of days in a period / inventory turnover

Inventory turnover = cost of goods sold / average inventory

To learn more about financial ratios, please check: brainly.com/question/26092288

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1 year ago

Bruce was driving to work yesterday when he was nearly run off the road by a speeding furniture delivery truck. On the back of t

BabaBlast [244]

Answer: Encourage and track complaints

Explanation:

Encourage and track complaints is a method of customer service some organization implemented to curb some customer service issue or likely monitor how well their product and services are or how well their workers treat their customers. This method of customer service operation helps the firm not to loose potential clients and customers already with them but still likes in the hands the clients or customer's feedback.

4 0

2 years ago

Ruiz Co. provides the following sales forecast for the next four months. Sales (units) April 560 May 640 June 590 July 680 The c

kherson [118]

Answer:

<u>Details April May June </u>

Unit to be produced 576 630 608

Explanation:

The production budget For April, May, and June can be prepared as follows:

Ruiz Co.

Production Budget

For April, May, and June

<u>Details April May June </u>

Next month's budgeted sales (A) 640 590 680

Ratio of inventory to future sales (B) 20% 20% 20%

Budgeted ending inventory (C = A * B) 128 118 136

Budgeted unit sales for month (D) 560 640 590

Req'd units of avail. production (E = C + D) 688 758 726

Budgeted beginning inventory (F) 112 128 118

Unit to be produced (G = E - F) 576 630 608

5 0

2 years ago

How does inclusivity practised inclusivity in a private company

Sergio [31]

How does inclusivity practised inclusivity in a private company.

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2 years ago

Kirov, Inc. reports credit sales of $200,000 for the year ending December 31. The year-end unadjusted balance of its Allowance f

zubka84 [21]

Answer:

The correct answer is: $12,000

Explanation:

uncollectible debt = 6% of net sales

= 6/100 × 200,000

= 0.06 × 200,000 = $12,000

Therefore, $12,000 will be removed (debited) from the bad debt expense because it is uncollectible, and it is added (credited) to the Allowance for Doubtful accounts as bad debt to be paid for in the bad debt reserve account.

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2 years ago