Padco averages $5 million worth of inventory in all of its worldwide locations. they operate 50 weeks a year and each week average $3 million in sales (at cost). their inventory turnover is:

If a business using the specific identification method of inventory has two items on hand at $300 each and purchases four items at $400 each, what is the value of inventory if two of the $300 items are sold

A favorable labor rate variance indicates that Multiple Choice a. the standard rate exceeds the actual rate. b. actual hours exceed standard hours. c. the actual rate exceeds the standard rate. d. standard hours exceed actual hours.

True or False: The price consumers pay will be higher if the tax were imposed on producers. True False If the demand for gasoline were less elastic, this tax would be effective in reducing the quantity of gasoline consumed.

A company enforces its ethical codes and policies by rewarding ethical behavior and punishing misconduct. Each month, the most ethical employee receives a bonus.

As of June 30, 2018, the bank statement showed an ending balance of $16,216. The unadjusted Cash account balance was $15,119. The following information is available: Deposit in transit, $2,175.

If an investor anticipates an annual rental income from a leased property to be $400,000 dollars, this expected sum has a direct bearing on what the investor will pay for the property. This is an example of

In comparison to industry averages, Okra Corp. has a low inventory turnover, a high current ratio, and an average quick ratio. Which of the following would be the most reasonable inference about Okra Corp.? A. Its current liabilities are too low. B.

The individual with the highest valuation of the good will win in which of the following auctions? A. Sealed Bid Auction B. English Auction C. Dutch Auction D. All of the above.

Explain how banks can create money.

A city acquires a 10-foot strip of a property owner's land for a public walking trail. the owner's home is not affected and she is able to use the land. is the homeowner eligible for compensation?