In June, you sell a product to a client which the payment is
due in july. Register all the journal entry, the total amount of
the sale is 2 300$ taxes (GST) and QST) included
June:
July:

Answers

Answer 1

The journal entry in June records the sale of the product to the client, increasing the Accounts Receivable - Client account (an asset) and recognizing revenue through the Sales Revenue account. The total amount of the sale, including taxes (GST and QST), is 2,300$.

June:

Debit: Accounts Receivable - Client (2,300$)

Credit: Sales Revenue (2,300$)

July:

Debit: Accounts Receivable - Client (2,300$)

Credit: Sales Revenue (2,300$)

In July, when the payment is due, the journal entry is made again to reflect the outstanding accounts receivable. The Accounts Receivable - Client account is debited, representing the increase in the amount owed by the client, and the Sales Revenue account is credited to reverse the revenue recognition made in June. It's important to note that any applicable taxes (GST and QST) should be separately recorded and accounted for in accordance with tax regulations.

To know more about GST

https://brainly.com/question/30109501

#SPJ11


Related Questions

You are the web master of a fintech company. Your boss has recently won a contract to develop a web based school management platform. Your boss tasked you to develop the platform with the following requirements a. Your are to design a student entry form according to the design attached to this assignment. The fields are as follows first Name, last_Name, Age, Course, Year Admitted and gender. Your are to design a front end application using reactjs to help manage this requirement. b. Make use of the react-router-dom to manage navigation between the list of records and section of capture of records.
c. Design a backend application using spring boot for the server side and database should be mysql.
d. Zipp the two application with your index number.

Answers

Here's a high-level overview of how you can proceed:

a. Designing the Student Entry Form using ReactJS:

1. Install ReactJS: Set up a React development environment on your local machine.

2. Create Components: Create a new component for the student entry form, which will render the form fields (first name, last name, age, course, year admitted, and gender).

3. Build the Form: Implement the form using HTML form elements and React state management to capture user input.

4. Handle Form Submission: Add functionality to handle form submission, including data validation and sending the data to the backend server.

b. Managing Navigation using react-router-dom:

1. Install react-router-dom: Install the react-router-dom library, which provides routing capabilities for React applications.

2. Set up Routes: Define different routes for different sections of your application, such as a route for the list of records and a route for the student entry form.

3. Implement Navigation: Create a navigation component or menu that allows users to switch between different sections of the application by navigating through the defined routes.

c. Designing the Backend Application using Spring Boot and MySQL:

1. Set up Spring Boot: Create a new Spring Boot project and configure the necessary dependencies.

2. Define Data Model: Create a data model for the student entity, including fields that correspond to the form fields (first name, last name, age, course, year admitted, and gender).

3. Create REST API Endpoints: Implement REST API endpoints using Spring MVC annotations to handle CRUD operations for managing student records.

4. Configure MySQL Database: Set up a MySQL database and configure the database connection in your Spring Boot application.

5. Implement Data Persistence: Use Spring Data JPA or JDBC to interact with the MySQL database and perform CRUD operations on the student records.

d. Zipping the Applications:

1. Compile the Frontend Application: Build the ReactJS application and ensure it is working correctly.

2. Compile the Backend Application: Build the Spring Boot application and verify its functionality.

3. Zip the Applications: Create a zip file containing the compiled frontend and backend applications.

4. Include Index Number: Rename the zip file to include your index number as specified by your boss.

Remember to follow best practices, such as modularizing your code, handling errors, and implementing security measures, when developing the applications.

Learn more about backend server here:

https://brainly.com/question/29490103

#SPJ11

Japan's largest and main island, containing the Japanese capital and almost all of its core area, is _______________.

Answers

The answer is Honshu.

Suppose General Electric payed its line workers $12 per hour

Answers

The relevant answers with regard to real wages are as follows:

A) $10.08

B) 10.89

C) 19.05. See explanation below.

What is the computation justifying the above results?

[A]

Recall that Real Wages are computed as follows;

Real Wages = (Nominal Wage/CPI in the Given Year) x CPI in the base year

12 = (N/84) x 100

= 10.08

[B]

The formula for real wage still stands:
Hence,

12 x 1.08 = (N/84) x 100

= 10.89

One thing to keep in mind is that the percentage rise in real wages is always equal to the percentage increase in nominal wages. The same may be demonstrated with other values.

[C]

It is to be noted that the real wage is pegged at $12 which is same from the prior year.

Hence, percentage increase = 0

But because $12 is Nominal in the incumbent year,

[(12 - 10.08)/10.08] x 100

= 92/10.08

= 19.05

What is real wages?

Real wages are earnings adjusted for inflation, or pay expressed in terms of the quantity of goods and services that may be purchased. In contrast to nominal wages or unadjusted wages, this word is used.

Learn more about real wages:
https://brainly.com/question/22683172
#SPJ1

Full Question:

Suppose General Electric paid its line workers $12 per hour in 2015 when the Consumer Price Index was 100. Suppose that deflation occurred and the aggregate price level fell to 84 in 2016. Instructions: Round your answers to two decimal places. a. GE needed to pay its workers $ in 2016 in order to keep the real wage fixed at $12. b. GE needed to pay its workers $ in 2016 if it wanted to increase the real wage by 8 percent. c. If GE kept the wage fixed at $12 per hour in 2016, in real terms, its workers got a % increase in wages.

education and training for the purpose of increasing productivity is called investment in human capital. true false

Answers

Education and training for the purpose of increasing productivity is indeed called investment in human capital. True statement.

Education and training aimed at enhancing skills, knowledge, and abilities of workers are often referred to as investment in human capital.

It is a long-term strategy that organizations and governments use to develop and improve the productivity of their workforce. Investing in human capital entails providing employees with opportunities to acquire new skills, learn new technologies, and improve their knowledge base through workshops, seminars, on-the-job training, and other forms of education. This investment in human capital can help to increase the productivity of the workforce, which in turn can lead to higher levels of profitability, innovation, and competitiveness for businesses. It can also improve the quality of life for individuals by increasing their earning potential and career opportunities. Therefore, education and training programs that focus on enhancing the skills and knowledge of employees are a vital component of any human capital strategy and can lead to long-term benefits for individuals, organizations, and society as a whole.

Know more about the human capital

https://brainly.com/question/26339998

#SPJ11

in the discounted cash flow model (aka. dividend valuation model) for cost of equity, if an asset has no expected dividend, its expected return would be best described as the

Answers

A method of valuation known as "discounted cash flow" (DCF) establishes the value of an investment based on its anticipated future cash flows.

Uses of discounted cash flow:DCF analysis aims to assess the value of an investment today by using projections of how much money an investment will generate in the future.It can aid those who are trying to decide whether to purchase securities or a firm. Business owners and managers can use discounted cash flow analysis to help them make decisions about operational and capital budgets.The value of an investment is ascertained using discounted cash flow analysis using the investment's projected cash flows.The projected discount rate is used to calculate the present value of anticipated future cash flows.If the DCF is more than the investment's current cost, the opportunity may yield profits and be worthwhile.Because it takes into consideration the rate of return anticipated by shareholders, businesses frequently utilize the weighted average cost of capital (WACC) as the discount rate.The fact that DCF relies on potentially erroneous future cash flow projections is a drawback.

To learn more about weighted average cost of capital referhttps://brainly.com/question/15301026

#SPJ4

Tulip Corporation purchased equipment for​ $58,000 on January​ 1, 2017. On December​ 31, 2019, the equipment was sold for​ $24,000. Accumulated Depreciation as of December​ 31, 2019 was​ $33,000. Calculate gain or loss on the sale.

Answers

Answer:

question is not clear please send clear question

the sequence of work for a job is also known as its

Answers

Answer:

Routing

Explanation:

date activity cost per unit jan 5 purchase 50 units $120 jan 20 purchase 100 units $135 jan 27 purchase 75 units $140 jan 30 sell 150 units to be determined the above transactions reflect your new company, which started its operation on jan 1st, with $0 beginning inventory. find the costs of goods sold for the month of january. assume that your warehouse manager uses fifo, periodic. type your answer without the dollar sign, for example: 13,500 should be typed as 13500

Answers

The cost of goods sold for the month of January will be $19,500.

To calculate the cost of goods sold using the FIFO method, we need to determine the cost of goods sold for each batch of units sold. Based on the information provided, we can calculate the cost of goods sold as follows:On January 30th, 50 units from the Jan 5 purchase and 100 units from the Jan 20 purchase were sold. The cost of goods sold for these units is:

                                                     50 units x $120 + 100 units x $135 = $6,000 + $13,500 = $19,500

The remaining 25 units from the Jan 20 purchase and all 75 units from the Jan 27 purchase are still in inventory.Therefore, the correct cost of goods sold for the month of January is $19,500.

Learn more about FIFO method: https://brainly.com/question/24137318

#SPJ11

what can i do if my total in cash account is not the same in credit and debit side?​

Answers

Answer:

Consider which items are meant for debit and credit.

Explanation:

The principle of double entry States that for every debit entries, there must be a corresponding credit entries and vice versa. This principle follow suits when preparing ledger accounts and trial balance.

Trial balance is the arithmetrical accuracy of the ledger. Once double entry principle is adhered to, the trial balance must definitely balance.

Where there are differences, check that items which ought to be debited and credited are correctly done. Also check if correct amount is posted like avoiding transposition error.

Why are wages and salaries generally determined by the market for labor?

Answers

According to maximum economics textbooks, our wages and salaries are decided similar to another price: with the aid of using deliver and call for. People deliver their labor, and organizations call for it, growing a marketplace for labor.

Many dealers and shoppers of exertions services. Consequently, salary and salaries are decided by the intersection of the call for exertions and the deliver for exertions. A curve displaying the one-of-a-kind portions of exertions employers are inclined to lease at one-of-a-kind salary quotes in a given time period, ceteris paribus.

Wages are determined via way of means of deliver and demand, however they may be encouraged via way of means of an extensive kind of factors, along with the price of dwelling in a selected area, the presence of a union and the present-day minimal wage.

Learn more about wages here:

https://brainly.com/question/1622389

#SPJ1

which service traditionally found in a central business district (cbd) is the most likely to still be located there today?

Answers

Advertising, banking, and finance are just a few of the services that are still most likely to be found in the central business district (CBD).

The business hub of a metropolitan area is known as the CBD, or Central Business District. It houses the majority of the city's stores, workplaces, and financial institutions. Typically, it is the city's most accessible area.

A sizable portion of urban regions' public, commercial, and consumer services are located in the CBD.

A CBD primarily serves to give businesses a concentrated and centralized location in which to operate. This explains why a CBD frequently has a concentration of office buildings, banks, and other companies. Retail establishments, dining establishments, and various types of entertainment can all be found in a CBD.

To learn more about the central business district

https://brainly.com/question/22864554

#SPJ4

when business owners look at leading economic indicators, they generally are doing this to help predict what will happen over the following___

three to nine weeks

there to six years

six to nine months

three to six months

Answers

Three to nine weeks
it would be three to nine weeks

Which of the following pairs of goods are most likely to have a cross-price elasticity of demand that is greater than zero?
Apples and bananas
Gasoline and cars
Shoes and shoelaces
Pizza and bread sticks

Answers

When the price of one of the items varies, the cross elasticity of demand analyses the link between the two. The answer is Apples and Bananas.

The effect of pricing these other products is helped to be determined by cross elasticity of demand. When one of the goods' prices changes, it assesses the link between them. This is accomplished by tracking the rise or fall in demand for a product in response to a change in the price of another product.

Items that have a coefficient of 0 are unrelated and independent from one another. Items may be weak replacements if the demand elasticity for the two things is positive but low.

To learn more about cross elasticity, visit here:

https://brainly.com/question/14469117

#SPJ4

Jose only car not payment of $436 and a credit card payment of $50 every month. What is the minimum amount of money he must take home every month to avoid being in danger of credit overload

Answers

The minimum amount of money he must take home every month to avoid being in danger of credit overload is $2430. This is further explained below.

What is the minimum amount of money he must take home every month to avoid being in danger of credit overload?

Generally,  The information provided in the question indicates that Jose's monthly expenditures total at least $486 ($436 for the payment on the auto loan and $50 for the monthly payment on the credit card). It is important to include certain additional costs relating to the residence, such as food, which when added together result in $2430; hence, it is the response that is right.

In conclusion, The bare minimum amount of cash that he needs to bring home each month in order to minimize the risk of having an excessive amount of debt is $2,430.

Read more about money

https://brainly.com/question/22984856

#SPJ1

Economic policy decisions made by governments result in both intended and
unintended consequences. Match each action to the best intended consequence.

1. Intended to protect competition
Taxation
2. Intended to protect domestic
3. Intended to collect revenue

Antitrust Law

Taxation

Tariff

Answers

1. Intended to protect competition taxation is---- taxation

2. Intended to protect domestic is ----- Antitrust Law

3. Intended to collect revenue is -----Tariff

What is economic policies?

They are policies by the government to guide the economy of a country.

The policies help to manage the flow of money within the economy to ensure there is constant flow of money.

Therefore,

Intended to protect competition taxation is Taxation Intended to protect domestic is ----- Antitrust LawIntended to collect revenue is -----Tariff

Learn more on economy here,

https://brainly.com/question/1106682

#SPJ1

What is one major function of retail banks?
A. Keeping all deposits in reserve at all times
B. Offering loans that use car titles as collateral
C. Providing credit and debit cards to customers
D. Managing the payroll of major corporations
SUBMIT

Answers

Answer:

The role of retail banking is to help individual consumers manage their money, gain access to credit, and deposit their money in a secure way.

Explanation:

Providing credit and debit cards to customers is a major function of retail banks. Hence, the correct answer is option C.

What are retail banks?

Retail banks are financial institutions that provide banking services to individuals and small businesses. These services include deposit accounts, such as savings and checking accounts, as well as loans, mortgages, credit and debit cards, and other financial products.

Providing credit and debit cards to customers is a major function of retail banks because it allows customers to make purchases without the need for cash and helps facilitate online and mobile payments. Credit and debit cards also generate revenue for retail banks through fees and interest charged on balances, making them an important source of income for banks.

Hence, providing credit and debit cards to customers is a major function of retail banks. Therefore, the correct answer is option C.

Learn more about retail banks, here:

https://brainly.com/question/29797792

#SPJ5

A process in which two or more people with common or conflict interests decide on a specific issue or business transaction

Answers

Answer:

Negotiation.

Explanation:

An individual with power over the specific allocation and use of resources is generally required or expected to be able to use that power in the decision-making process and take necessary actions.

However, if such individual refuses to exercise his or her powers as stated above, it would generate a conflict due to the fact that processes that are fundamental for the smooth running of the system or business would not take place.

Negotiation can be defined as a process in which two or more people with common or conflict interests decide on a specific issue or business transaction.

Basically, negotiating may lead to the following situations; win-win, lose-lose or win-lose-lose-win.

Hence, it is very important and essential for parties involved in the execution of a project or business transaction to negotiate in order to mitigate conflicts.

C. George Delivery Co.'s adjusted trial balance shows two expense accounts: Wages Expense with a debit balance of $12,000 and Advertising Expense with a debit balance of $3,000. The journal entry to close these accounts will include a debit to which account(s):____________

Answers

Answer: income summary

Explanation:

Eastern Motors Auto Dealership wanted to estimate the average CLV over a 5 year time horizon of a customer who purchases a new vehicle. The average vehicle sells for $25,148 and has a margin of 8%. Based on historical averages, 89 of people buying a new vehicle at Eastern will return for service 7 times over the next 5 years. Though it varies considerably, Eastern generates approximately $96 in margin on each service visit after accounting for parts and direct labor costs.

Not including service, what is the average dollar margin for each new vehicle sold?

Answers

The total estimated CLV over a 5 year time horizon for someone who purchases a new vehicle at Eastern Motors is $2,609.92

Given,

Year time horizon = 5 year

Average vehicle sells for = $25,148

Margin = 8%

So, margin on selling vehicle = Average vehicle selling price * Margin = $25,148 * 8% = $2,011.84

Margin generated by 89% of people who return for service over 5 years = Number of times * Margin generated on each service = 7 * $96 = $672

Total estimated customer lifetime value (CLV)  at Eastern Motors = Margin on selling vehicle + (Margin generated by 89% of people who return for service over 5 years * 89%) +

(Margin generated by 226% of people who do not return for service over 5 years * 22%) = $2,011.84 + ($672 * 89%) + ($0 * 22%) = 2,609.92

Hence, the total estimated CLV over a 5 year time horizon for a person who purchases new vehicle at Eastern Motors is $2,609.92

To learn more about CLV here:

https://brainly.com/question/28539902

#SPJ1

the first step in the capital budgeting process is question 8 options: a) collection of data. b) idea development. c) assign probabilities. d) determine cash flows.

Answers

The first step in the capital budgeting process is idea development. Idea development involves the generation of potential investment projects that the company can undertake to achieve its strategic objectives.

It involves brainstorming sessions, market analysis, customer feedback, and internal research to identify potential investment opportunities that can enhance the company's profitability, competitiveness, and market share.Once the company has generated a list of potential investment projects, the next step is to determine the cash flows associated with each project. This involves estimating the cash inflows and outflows that the investment project will generate over its useful life. The cash flows are estimated based on assumptions about market trends, customer behavior, competition, and other factors that may impact the project's revenue and expenses.After estimating the cash flows, the company then assigns probabilities to the various scenarios that may affect the project's profitability. This involves assessing the likelihood of different outcomes, such as changes in demand, price fluctuations, and technological developments. The probabilities are used to calculate the expected cash flows and to determine the project's risk profile.

To know more about development visit:

brainly.com/question/28011228

#SPJ11

An economy with a larger involvement in foreign trade:
Question 11 options:
1) is more likely to suffer a larger trade imbalance.
2) may measure its exports as a share of GDP.
3) has a substantial trade imbalance.
4) has an underlying trade imbalance.

Answers

2) may measure its exports as a share of GDP. An economy with a larger involvement in foreign trade may measure its exports as a share of GDP. This is because exports are a key indicator of an economy's level of involvement in international trade.

A higher share of exports in GDP can indicate that the economy is more dependent on foreign trade and that it is more integrated into the global economy. It is important to note that measuring exports as a share of GDP is a way to evaluate the foreign trade involvement but it does not necessarily indicate if the economy has a trade imbalance, substantial trade imbalance or underlying trade imbalance. A trade imbalance occurs when a country imports more goods than it exports. It does not necessarily mean that the economy is performing poorly and it can be due to a variety of reasons such as differences in resource endowments and comparative advantages.

Find out more about GDP

brainly.com/question/14137791

#SPJ4

can someone help me? got till the end of the day :/

can someone help me? got till the end of the day :/

Answers

Answer:

A

Explanation:

Which of the following is an example of promotion?
A The quality of a product
B. The price of a product
C. An advertisement
D. An employee who works for your company

Answers

Answer:

A. An advertisement

Explanation:

Answer:

it is c

Explanation:

on edg 2021

Question 1 of 10
An investment that you bought for
profit
and sold for
made a

500;600
500;400
600;400
600;500

Answers

Answer:

500;600

an investment

which of the following is not an advantage of the going rate approach to paying expatriates?

Answers

The going rate approach to paying expatriates is a method of determining their compensation package based on the local pay rates in the host country. This approach has several advantages, such as reducing the cost of expatriate assignments and ensuring equity among employees.

However, one disadvantage of the going rate approach is that it may not reflect the true value of the expatriate's skills and experience.When relying solely on the local pay rates, there is a risk of underestimating the value that the expatriate brings to the company. For instance, if the expatriate possesses unique skills or experiences that are not readily available in the host country, the going rate approach may not capture the premium value of such skills. As a result, the expatriate may feel undervalued and may be less motivated to perform at their best.Furthermore, the going rate approach may also result in a lower overall compensation package for the expatriate, especially if the local pay rates in the host country are lower than in the home country. This may make it difficult to attract and retain top talent for expatriate assignments, as employees may prefer to work in countries where they can earn a higher salary.

To know more about compensation visit:

brainly.com/question/31622827

#SPJ11

Liz Mulig earns 52,000 per year as a philosophy professor. She receives a raise of 2.5% in a year in which CPI increases by 3.8%. ignoring taxes, find the effect of the two increases on her purchasing power. showwork

Answers

Answer:

She lost $754.05.

Explanation:

Giving the following information:

Liz Mulig earns 52,000 per year as a philosophy professor. She receives a raise of 2.5% in a year in which CPI increases by 3.8%.

The rise in her salary allows her to increase her purchasing power. On the contrary, inflation decreases purchasing power. We need to calculate the differences between both effects and determine whether she can buy more or less.

Increase in salary= 52,000*1.025= $53,300

Inflation effect= 52,000/(1-0.038)= $54,054.05

To maintain her purchasing power, now, she needs to earn $54,054.05.

She lost $754.05.

Company A has a patent with a book value of $500,000. At December 31, 2019, the fair value of the patent is determined to be $450,000. The expected future cash flows associated with the patent is $650,000. What amount of impairment should Company A record on this patent at 12/31/19?

Answers

Answer:

$50,000

Explanation:

A patent should be recorded at fair market value. When the book value of a patent is higher than its market value, then its book value should decrease. This decrease in the book value is called impairment.

In this case, the patent's book value is $500,000, but its market value is $450,000. The impairment loss = $500,000 - $450,000 = $50,000.

cash conversion cycle negus enterprises has an inventory conversion period of 58 days, an average collection period of 44 days, and a payables deferral period of 26 days. assume that cost of goods sold is 80% of sales. assume a 365-day year. do not round intermediate calculations. what is the length of the firm's cash conversion cycle? round your answer to the nearest whole number. days if annual sales are $4,270,500 and all sales are on credit, what is the firm's investment in accounts receivable? round your answer to the nearest dollar. $ how many times per year does negus enterprises turn over its inventory? round your answer to two decimal places. ×

Answers

The cash conversion cycle (CCC) measures the time it takes for a company to convert its investments in inventory into cash flow from sales. Negus Enterprises' investment in accounts receivable is approximately $514,767.

CCC consists of three components: inventory conversion period, average collection period, and payables deferral period.To calculate the length of the cash conversion cycle for Negus Enterprises, we need to subtract the payables deferral period from the sum of the inventory conversion period and the average collection period.

Inventory conversion period: 58 days
Average collection period: 44 days
Payables deferral period: 26 days

CCC = Inventory conversion period + Average collection period - Payables deferral period
CCC = 58 + 44 - 26
CCC = 76 days

Therefore, the length of Negus Enterprises' cash conversion cycle is 76 days.

To calculate the firm's investment in accounts receivable, we need to multiply the annual sales by the average collection period:

Annual sales: $4,270,500
Average collection period: 44 days

Investment in accounts receivable = Annual sales * Average collection period / 365
Investment in accounts receivable = $4,270,500 * 44 / 365
Investment in accounts receivable ≈ $514,767

Therefore,

To calculate the inventory turnover ratio, we need to divide the cost of goods sold by the average inventory:

Cost of goods sold: 80% of sales
Annual sales: $4,270,500

Cost of goods sold = 80% * $4,270,500
Cost of goods sold = $3,416,400

Inventory turnover ratio = Cost of goods sold / Average inventory

1. The length of Negus Enterprises' cash conversion cycle is 76 days.
2. The firm's investment in accounts receivable is approximately $514,767.
3. We can determine the inventory turnover ratio by applying the value of average inventory in the above formula.

To know more about receivable visit :

brainly.com/question/32156363

#SPJ11

Negus Enterprises turns over its inventory approximately 15.85 times per year.

The cash conversion cycle (CCC) is a measure of how long it takes for a company to convert its resources into cash flow. It consists of three components: the inventory conversion period, the average collection period, and the payables deferral period.

To calculate the length of the firm's cash conversion cycle, we need to subtract the payables deferral period from the sum of the inventory conversion period and the average collection period.

Given:
- Inventory conversion period = 58 days
- Average collection period = 44 days
- Payables deferral period = 26 days

First, let's calculate the length of the cash conversion cycle:

CCC = Inventory conversion period + Average collection period - Payables deferral period
CCC = 58 days + 44 days - 26 days
CCC = 76 days

Therefore, the firm's cash conversion cycle is 76 days.

Next, let's calculate the firm's investment in accounts receivable. Since all sales are on credit, the investment in accounts receivable is equal to the average accounts receivable balance. To calculate this, we need to find the average daily sales and then multiply it by the average collection period.

Given:
- Annual sales = $4,270,500
- Average collection period = 44 days

Average daily sales = Annual sales / Number of days in a year
Average daily sales = $4,270,500 / 365
Average daily sales ≈ $11,701.37

Investment in accounts receivable = Average daily sales * Average collection period
Investment in accounts receivable ≈ $11,701.37 * 44
Investment in accounts receivable ≈ $514,492.28

Therefore, the firm's investment in accounts receivable is approximately $514,492.28.

Lastly, let's calculate how many times per year Negus Enterprises turns over its inventory. This is known as the inventory turnover ratio and is calculated by dividing the cost of goods sold (COGS) by the average inventory.

Given:
- COGS = 80% of sales
- Annual sales = $4,270,500
- Inventory conversion period = 58 days

COGS = 80% * Annual sales
COGS = 0.8 * $4,270,500
COGS = $3,416,400

Average inventory = COGS / (Number of days in a year / Inventory conversion period)
Average inventory = $3,416,400 / (365 days / 58 days)
Average inventory ≈ $215,445.21

Inventory turnover ratio = COGS / Average inventory
Inventory turnover ratio ≈ $3,416,400 / $215,445.21
Inventory turnover ratio ≈ 15.85

Therefore, Negus Enterprises turns over its inventory approximately 15.85 times per year.

Learn more about cash conversion cycle (CCC) from the given link:

https://brainly.com/question/19595232

#SPJ11

Amy and Jack were loyal customers of GreenFoods, a local grocery store. However, after a couple of incidents where they had to return products that were stale and out of date, the couple decided to try out VeggiesNmore, a chain store that recently opened in town. Both Amy and Jack must move through each stage in the marketing funnel before becoming loyal customers.
Jack has shopped at VeggiesNmore. He was happy with the experience and thought that this could be an alternative to GreenFoods. However, he is also keen to try out other stores in the neighborhood. He is in the ________ stage of the marketing funnel as far as shopping at VeggiesNmore is concerned.
a. aware
b. open to trial
c. most often used
d. nonrejecter
e. regular user

Answers

Answer: B) Open to Trial

Explanation:

Field sales are conducted over the phone.
1) True
2) False

Answers

Answer:

true

Explanation:

Other Questions
Alexa earns approximately 2.6 105 dollars per year. Lauren earns approximately 6.8 104 dollars per year. About how many times more dollars does Alexa earn than Lauren?A. 2.6B. 3.8C. 26D. 38 A ball of mass 0.25 kg falls from a height of 50 m. Using energy considerations, find the final velocity. Let g = 9.8 m/s2With Explanation pleasea. 2.97m/sb. 21.0m/s c. 33.3 m/s d. 44.1m/s I NEED HELP ON THIS QUESTION how do u work this out If 1/4 (6 + x) = 6, what is the value of x? what java expression should be used to access the first element of an array of integers called numbers? Which one of these grids is shaded red and blue in the ratio 0.5:1?BCDEF nursing students are reviewing information about attitudes related to death and dying. the students demonstrate understanding of the information when they identify which of the following as most accurate? About 17 million children and adults in the United States suffer from asthma, this condition makes it hard to breathe. A. This condition makes it hard to breathe. B. A condition that makes it hard to breathe. C. So this condition makes it hard to breathe. D. It is hard to breathe with this condition. PLEASSSSSSSSEEEEE HELPPPwhats 25/12 =X + 1/3 how is a control chart used? multiple choice to compare measured performance against the standards established to establish upper and lower limits on performance to recognize and reinforce positive performance ( Will give Brainliest)The drawing below shows equal weights on two sides of a balance scale.(options)What can you conclude from the drawing?A. A mug weighs one-third as much as a trophy.B. A mug weighs one-half as much as a trophy.C. A mug weighs twice as much as a trophy.D. A mug weighs three times as much as a trophy. Instituciones que trabajan para proteger el derecho a tener libertad de pensamiento y conciencia The net assets section of a balance sheet for not for profits is analogous to the owners' equity section on a for profit balance sheet. true or false? which empire was able to dramatically expand its territory due to its superior iron weapons Exercise 2 Underline the correct word or words in parentheses.Sean planned the student council meeting (good, well)..My elderly aunt has (a, an) honest face. Given f(x) = 3x 4 and g(x) = f(2x), which table repreent g(x)?xg(x)1224310xg(x)112035xg(x)122436xg(x)1228314 Find a bound based on (a) the alternating series error bound and (b) the Lagrange error formula for the closeness of the approximation sin x=x when |x| Hy nu tm tt vai tr ca cc RNA khng m ha (non-codingRNA) trong qu trnh iu ha phin m, cho v d minh ha. Your last assignment focused on Standard Oil and its monopoly on the oil industry. Today society does not necessarily spend a lot of time thinking about monopolies, but in your opinion, what is an example of a business that has characteristics of a monopoly and howdoes it impact consumers and producers?Please respond with 3 complete sentences.