by 58,000 by S Review point: Formula for beginning and ending inventory Royer Co
ID: 2393427 • Letter: B
Question
by 58,000 by S Review point: Formula for beginning and ending inventory Royer Corporation engaged in this transaction: Amortization of a patent. Assume use of the indirect approach. Indicate which section, if any, each transaction would appear in, or relate to, on a statement of cash flows. Review point: Financing activity, operating activity, investing activity o. Which of the following ratios involves the market price of a company's stock? Review point: All the ratios we learned in this class (debt-to- equity Yield, Turnover etc.) n Which of the following should not be included in the count of ending merchandise inventory? Review point: Inventory Which of the following most likely is an example of an accrued liability? payable ume poetion ef long-ter tas payable Review point: What is accrued and deferred?Explanation / Answer
Q9 B.) Operating Activities Section. The amortization is added back in net income as it is a non cash expense.
Q10 D.) Dividend Yield ratio = Dividend/Market price
Q11 B.) Goods sold but not yet delivered
Q12 A.) Salaries Payable
Q3 A.) 146 days. Days Inventory in hand = Average inventory/COGS x 365 = 200,000/500,000 x 365 = 146 days
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