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Based on the following data, what is the accounts receivable turnover? Sales on account during year $541,138 Cost of goods sold during year 159,608 Accounts receivable, beginning of year 43,792 Accounts receivable, end of year 47,825 Inventory, beginning of year 81,952 Inventory, end of year 111,014

The term personality refers to

Harding Company Accounts payable $40,000 Accounts receivable 65,000 Accrued liabilities 7,000 Cash 30,000 Intangible assets 40,000 Inventory 72,000 Long-term investments 110,000 Long-term liabilities 75,000 Marketable securities 36,000 Notes payable (short-term) 30,000 Property, plant, and equipment 625,000 Prepaid expenses 2,000 What is the amount of working capital?

Which of the following is an example of direct labor cost for a cell phone manufacturer?

The portion of whole units that were completed with respect to either materials or conversion costs within a given accounting period is the definition of

Which of the following is not included in conversion costs?

Department G had 3,600 units 25% completed at the beginning of the period, 11,000 units were completed during the period; 3,000 units were 20% completed at the end of the period, and the following manufacturing costs debited to the departmental work in process account during the period: Work in process, beginning of period $40,000 Costs added during period:   Direct materials (10,400 units at $8) 83,200   Direct labor 63,000   Factory overhead 25,000 All direct materials are placed in process at the beginning of production and the first-in, first-out method of inventory costing is used. The total cost of 3,600 units of beginning inventory which were completed during the period is (do not round unit cost calculations)

Nuthatch Corporation began its operations on September 1 of the current year. Budgeted sales for the first three months of business September, October, and November are $260,000, $375,000, and $400,000, respectively. The company expects to sell 30% of its merchandise for cash. Of sales on account, 80% are expected to be collected in the month of the sale and 20% in the month following the sale. The cash collections expected in September from accounts receivable are estimated to be

ll of the following are characteristics of a process cost system except

The following information pertains to Diane Company. Assume that all balance sheet amounts represent both average and ending balance figures and that all sales were on credit. Assets Cash and short-term investments $30,000 Accounts receivable (net) 20,000 Inventory 15,000 Property, plant, and equipment 185,000 Total Assets $250,000   Liabilities and Stockholders’ Equity Current liabilities $45,000 Long-term liabilities 70,000 Common stock 80,000 Retained earnings 55,000 Total liabilities and stockholders’ equity $250,000   Income Statement Sales $85,000  Cost of goods sold 45,000  Gross margin $40,000  Operating expenses (15,000) Interest expense (5,000) Net income $20,000    Number of shares of common stock outstanding 6,000 Market price of common stock $20 Total dividends paid $9,000 Cash provided by operations $30,000 What is the return on total assets for Diane Company?