Which of the following two measures gives a better indication of the value added from selling inventory
Question:
(a) Cash received from customers minus cash paid for inventory, or
(b) Accrual revenue minus cost of goods sold? Why?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (9 reviews)
The answer is b Matching cash received from sales with cash spent on in...View the full answer
Answered By
FREDRICK MUSYOKI
Professional Qualities:
Solution-oriented.
Self-motivated.
Excellent problem-solving and critical thinking skills.
Good organization, time management and prioritization.
Efficient troubleshooting abilities.
Tutoring Qualities:
I appreciate students as individuals.
I am used to tailoring resources for individual needs.
I can integrate IT into student's lessons.
I am good at explaining concepts.
I am able to help students progress.
I have a wide curriculum knowledge.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
Which of the following two combinations of reactants is more appropriate for the preparation of p-nitrophenyl phenyl ether? (a) Fluorobenzene and p-nitrophenol (b) p-Fluoronitrobenzene and phenol
-
Which of the following two statements involves positive economic analysis and which normative? How do the two kinds of analysis differ? a. Gasoline rationing (allocating to each individual a maximum...
-
Which of the following two alkyl halides would react most rapidly in a solvolysis reaction by the SN1 mechanism? Explain your reasoning. Ch 1,0-CH-CH-CH,-Cl A (trans isomer) CH.O-C-CH,-CI CH2
-
A person who is 6 feet and 3 inches tall and weighs 185 pound force (lbf) is driving a car at a speed of 65 miles per hour over a distance of 25 miles between two cities. The outside air temperature...
-
In August 2013, Lang Corporation hires two qualified veterans, each with a service-related disability. Both were hired within a few days of their Army discharge. Each employee earns $18,000 of wages...
-
Q.4 Two charged particles are located on the x-axis. The particle with charge q1=3.20 uC is located at x1=1.25 cm and the charge particle q2 = -2.44 MC is located at x2= -1.80 cm. a) Determine the...
-
All Media Ltd operates three selling departments. Certain indirect expenses are allocated to the selling departments as follows. Required (a)Prepare a schedule allocating the indirect expenses to the...
-
Venture capitalist Sarah purchases two firms to produce widgets. Each firm produces identical products and each has a production function given by qi = Ki Li Where i = 1, 2 The firms differ,...
-
In the ratification process, there were two sides; what was each side called? How many states had to ratify the new constitution in order to pass it? What proved to be a big problem for the...
-
Federal Semiconductors issued 11% bonds, dated January 1, with a face amount of $800 million on January 1, 2024. The bonds sold for $739,813,200 and mature on December 31, 2043 (20 years). For...
-
After years of negative free cash flow, General Electric reported a positive free cash flow of $7,386 million in 2003. Look back at GE's cash flows displayed in Exhibit 4.2. Would you interpret the...
-
What explains the difference between cash flow from operations and earnings?
-
Solve the equation. 6t - 7 = 8t + 9
-
What psychological mechanisms underlie the sense of belonging and collective identity within communal groups, and how do these dynamics impact individual well-being and societal resilience?
-
What psychological mechanisms underlie the sense of belonging and collective identity within communal groups, and how do these dynamics impact individual well-being and societal resilience?
-
Add as indicated. Write all answers in lowest terms. 3 - + 2 X X-7 3X 2 = X-7 (Simplify your answer.)
-
United Airlines sells a round-trip ticket for a flight from Boston to London for $750. The customer also receives 5,000 award miles, equivalent to 20 percent of the miles required for a free domestic...
-
Behavioral economics concepts apply to many areas of daily life, including marketing, diet, and exercise. Conduct an analysis of ways government and business use behavioral economics techniques to...
-
Demonstrate the value of objective knowledge and skill development in the study of organizational behavior.
-
Determine the annual percentage yield for a loan that charges a monthly interest rate of 1.5% and compounds the interest monthly.
-
For the reaction, water is produced at the rate of 0.10 M/s. Calculate the rates of production of the other species and the rate of the reaction. 3NO(g) + CH(g) 3N(g) + 2CO(g) + HO(g)
-
Q1. General Electric uses the (__________ / Weighted Average / __________) inventory cost-flow assumption(s). (Circle all that apply.) Q2. Does the answer for Q1 comply with the Consistency...
-
Q1. Assume 60 units were sold. Using FIFO and LIFO, calculate the cost allocated to cost of goods sold (COGS) and ending inventory in the space provided below. Q2. Examine the results above. In a...
-
Q1. Use the LIFO cost-flow assumption to answer the following questions. YEAR 1: Purchase #1 1,000 units @ $1 = $1,000 Purchase #2 1,000 units @ $1 = $1,000 a. How much is goods available for sale?...
-
a) Give one reason why local Pakistan bus businesses could benefit from Pakistan's crisis. b) Give one reason why local bus businesses could be hurt by the Rupee crisis.
-
A P/E multiple could be high relative to the S&P 500 Index because its high growth rate justifies it. You notice a stock that has an assumed growth rate of 5.43% with a dividend payout ratio of 64.9%...
-
What would be the volume ( cm 3 ) of a piece of Styrofoam if it had a mass of 3 5 0 g , no matter its shape? Show calculation.
Study smarter with the SolutionInn App