Business, 18.12.2019 00:31 gabegabemm1
Maple corp. had net sales of $204,550 for the year ended december 31, 2017. its beginning and ending total assets were $83,200 and $116,500, respectively. determine maple's asset turnover ratio for the year ended december 31, 2017. (round your answer to two decimal places.)
a. 2.46 times
b. 2.05 times
c. 0.49 times
d. 1.16 times
Answers: 2
Business, 22.06.2019 03:30
Diversified semiconductors sells perishable electronic components. some must be shipped and stored in reusable protective containers. customers pay a deposit for each container received. the deposit is equal to the container’s cost. they receive a refund when the container is returned. during 2018, deposits collected on containers shipped were $856,000. deposits are forfeited if containers are not returned within 18 months. containers held by customers at january 1, 2018, represented deposits of $587,000. in 2018, $811,000 was refunded and deposits forfeited were $41,000. required: 1. prepare the appropriate journal entries for the deposits received and returned during 2018. 2. determine the liability for refundable deposits to be reported on the december 31, 2018, balance sheet.
Answers: 1
Business, 22.06.2019 11:00
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Business, 22.06.2019 12:30
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Business, 22.06.2019 17:30
Danielle enjoys working as a certified public accountant (cpa) and assisting small businesses and individuals with managing their finances and taxes. which general area of accounting is her specialty? danielle specialized in
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Maple corp. had net sales of $204,550 for the year ended december 31, 2017. its beginning and ending...
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