Anthony Corporation reported the following amounts for the year: Net sales$296,000 Cost of goods sold 138,000 Average inventory 50,000 Anthony's average days in inventory is: (Round to the nearest whole day.)
A. 151 days.
B. 132 days.
C. 114 days.
D. 170 days.
Answer: B
You might also like to view...
Which of the following is not an interacting factor that affects the level of resistance to change?
A. Longevity of the change agent. B. Employee perceptions of change. C. Individual differences of the change agent. D. Change agent-employee relationship. E. Change agent actions and inactions.
Which of the following is a mode of pull marketing communication?
A) channel marketing B) sales incentives C) channel financing D) direct marketing E) co-op advertising
_____ are intraorganizational networks that support web applications and help HR managers post position vacancy announcements for employees to peruse and consider from their own PCs.
Fill in the blank(s) with the appropriate word(s).
Wheeler Corporation was authorized to issue 100,000 shares of $6 par common stock. On June 30, Year 1, Wheeler issued 20,000 shares at an issue price of $9 per share. On December 1, Year 1, Wheeler declared a cash dividend of $1.25 per share. The dividend is payable on December 30 to stockholders of record as of December 15. Required:a) Prepare the journal entry for the issuance of the 20,000 shares of stock. b) Prepare the journal entries required on each of the following dates:(1) Declaration date(2) Date of record(3) Payment date
What will be an ideal response?