Apple Technology Corp., has an annual net income of $12.4 billion, the revenue of $93.7 billion, and a cost of goods sold of $42.5 billion. If the balance sheet amount shows $5.8 billion of inventory how many weeks of supply does Apple Technology Corp. hold?
Q: A manufacturing company uses the weighted-average method for inventory costing. At the end of the…
A: Provided Data:Ending Work-in-Process (WIP) Inventory: 20,500 unitsMaterial Completion:…
Q: If you give me correct answer this financial accounting question I will give you helpful rate
A: Step 1: Define Long-Run Growth RateThe Long-Run Growth Rate is the sustainable rate at which a…
Q: Golydyodyodoyxo
A: b).Contribution Margin Income Statement Service revenue $1,1781,900 * 0.62Less:Variable cost…
Q: What is the operating cash flow?
A: Please find the attached image with a detailed, and step by step solution.All the best.
Q: Aegis Corp. has assets of $215,630 and liabilities of $97,425. Then the firm receives $30,215 from…
A: Explanation of Assets: Assets are economic resources owned or controlled by a company that are…
Q: What is the company's cost of equity on these financial accounting question?
A: The Capital Asset Pricing Model (CAPM) formula may be used to determine the company's cost of…
Q: What is the expected return on the stock of these financial accounting question?
A: Formula:Expected Return = Risk-Free Rate + Beta * (Market Return - Risk-Free Rate)Steps:Identify the…
Q: The ending inventory of Sienna Traders Ltd. is $52,000. If the beginning inventory was $78,000 and…
A: Concept of Beginning InventoryBeginning inventory refers to the value of a company's inventory at…
Q: i need this question answer General accounting
A: Jackson must include both the fair market value (FMV) of the prize and the additional cash payment…
Q: 00000000 The following lots of Commodity Z were available for sale during the year. Line Item…
A: Using LIFO periodic, the most recent purchases are sold first so the ending inventory will come from…
Q: On June 10, Larkspur Company purchased $7,200 of merchandise from Crane Company, on account, terms…
A: Step 1:Journal:-Recording transactions in the books of account is the first step in accounting…
Q: quick answer of this subject -account
A: Step 1: Definition of the Accounting EquationAccording to the accounting equation, the value of…
Q: hello tutor provide solution
A: Step 1: Definition of Net IncomeNet income is the amount of profit a company earns after deducting…
Q: Brookfield net income for September is
A: Explanation of Net Income:Net income represents the profit a company earns after deducting all…
Q: Elite Services Inc. had total net credit sales of $900,000 for the year. The beginning accounts…
A: Step 1: Definition of Accounts Receivable Turnover Ratio And Average Collection PeriodThe accounts…
Q: GG Incorporated uses LIFO. GG disclosed that if FIFO had been used, inventory at the end of 2024…
A: we need to determine how the change from LIFO to FIFO affects GG Incorporated's financials,…
Q: What is the dividend payout ratio of this financial accounting question?
A: Step 1: Define Dividend Payout RatioThe Dividend Payout Ratio is the percentage of a company's net…
Q: Quick answer of this accounting questions
A: Step 1: Introduction to earnings per shareEarnings per share (EPS) is a financial metric that…
Q: What was Billie systems net income or loss for 2022 on these financial accounting question?
A: To determine Billie Systems' net income or loss for 2022, we use the retained earnings formula: Net…
Q: Can you help me with accounting questions
A: Step 1: Definition of Invested CapitalInvested capital refers to the total amount of capital that a…
Q: need this accounting answer
A: a: Determine the Activity RateThe activity rate is calculated using the following formula:Activity…
Q: none ??
A: Accounting Treatment of Meridian Manufacturing's Patent Meridian Manufacturing developed a new…
Q: i need correct option
A: Step 1: Definition of High-Low MethodThe High-Low Method is used to estimate fixed and variable…
Q: Need help with this question solution general accounting
A: Step 1: Introduction to stockholders' equityStockholders' equity refers to the residual value of the…
Q: Do fast of this question answer general accounting
A: Step 1: Define Equivalent Units (Weighted Average Method)The equivalent units of production (EUP)…
Q: Golden Horizon Company had assets of $1,050,000 and liabilities of $420,000 as of December 31, Year…
A: Explanation of Assets: Assets are economic resources owned or controlled by a company that provide…
Q: Need correct answer general accounting
A: Step 1: Define Debt-Equity RatioThe Debt-Equity Ratio measures a company's financial leverage by…
Q: Need help with this question solution general accounting
A: Step 1: Definition of Net IncomeNet income is the amount of profit a company earns after deducting…
Q: Accurate answer
A: Labor quantity variance = (Standard hours allowed - Actual hours worked) x Standard costLabor…
Q: The direct manufacturing labor efficiency variance
A: Explanation of Direct Labor Efficiency Variance:The direct labor efficiency variance is the…
Q: Compare and contrast the different types of responsibility centers.
A: Step 1:Types of Responsibility Centers and Their Characteristics :- 1. Cost Center : A cost center…
Q: During its first year, Yutsang Enterprises showed a $22 per-unit profit under absorption costing but…
A: Explanation of Absorption Costing:Absorption costing is a costing method that includes all…
Q: Correct Answer
A: Concept of Cost of Goods Sold (COGS)Cost of Goods Sold (COGS) represents the direct costs incurred…
Q: General accounting
A: Step 1: Define Investment in Accounts ReceivableInvestment in accounts receivable refers to the…
Q: Accounting mcq
A: Explanation of Accounting Equation: The accounting equation is the fundamental framework of…
Q: Please solve for items circled in Red.
A: JUNE10:Merchandise Purchase and SaleSince this is from Crane Company's perspective (the seller), we…
Q: Answer please
A: Step 1: Definition of Units-of-Production Depreciation MethodThe Units-of-Production Depreciation…
Q: do fast answer of this account
A: Step 1: Definition of Asset Turnover RatioThe asset turnover ratio measures how efficiently a…
Q: General accounting
A: Step 1: Definition of Gross IncomeGross income includes all income earned or received by an…
Q: accoun
A: Step 1: Definition of Operating LeverageOperating leverage measures how sensitive a company's…
Q: If your estimate is that Galaxy Electronics is going to sell 6,500 units at $25 per piece and each…
A: Concept of Sales RevenueSales revenue is the total amount of money a company earns from selling its…
Q: kindly help me correct answer
A: Step 1: Definition of Inventory Turnover RatioThe inventory turnover ratio measures how efficiently…
Q: Kindly help me with accounting questions
A: Step 1: Definition of Tax LiabilityTax liability refers to the total amount of tax an individual or…
Q: Last year the return on total assets in Jasper Corporation was 12%. The total assets were 2.8…
A: Return on total assets = (Net income / Average total assets) Compute the average total…
Q: expert of account answer
A: a).Recognized gain is the profit made when an asset is sold for more than its purchase price. This…
Q: Situational(Accidental) vs Predatory Fraud The two main categories of fraudsters are predatory and…
A: 1. **Situational (Accidental) Fraudsters** - These individuals do not initially set out to commit…
Q: 4 PTS
A: Explanation of Straight-Line Depreciation Method: The straight-line depreciation method is an…
Q: help this answer accounting
A: Step 1: Definition of Accounts Receivable and Cash CollectionsAccounts receivable represent the…
Q: Martin Corporation incurs a cost of $38.65 per unit, of which $22.35 is variable, to make a product…
A: Explanation of Contribution Margin: Contribution margin is the difference between sales revenue and…
Q: Quick answer of this accounting questions
A: Step 1: Definition of Impairment LossImpairment loss occurs when the carrying value of an asset…
Apple Technology Corp. hold ?
Step by step
Solved in 2 steps
- Apple Technology Corp., has an annual net income of $12.4 billion, the revenue of $93.7 billion, and a cost of goods sold of $42.5 billion. If the balance sheet amount shows $5.8 billion of inventory how many weeks of supply does Apple Technology Corp. hold?How many weeks of supply does summit logistics Inc. Hold ?A firm has $200 million annual sales, $180 million costs of goodssold, $40 million of inventory, and $60 million of accountsreceivable. What is its inventory turnover ratio? (4.5) What is itsDSO based on a 365-day year? (109.5 days)
- Consider a firm with an annual net income of $30 million, revenue of $70 million and cost of goods sold of $35 million. If the balance sheet amountsshow $3.5 million of inventory and $800,000 of property, plant & equipment, what is the inventory turnover?Oliver Incorporated has a current ratio sales and its current liabilities are $2 million. What is the company's inventory turnover ratio? = 2.6, and a quick ratio equal to 2.2. The company has $4 million inMorgan Industries had $283 million in sales. Its cost of goods sold was $105 million, and its average inventory balance was $35 million. What is the average number of inventory days outstanding for Morgan's Industries?
- What is the value of inventoryWW Co has a current ratio of 2. Receivables are $3 million and current liabilities are $2 million. What are inventory days if cost of sales is $10 million per annum?Oliver Incorporated has a current ratio equal to 1.6 and a quick ratio equal to 1.2. The company has $2 million in sales and its current liabilities are $1 million. What is the company’s inventory turnover ratio?
- Liberty Solutions Inc. has annual sales of $125 million, inventory valued at $35 million, and $18 million in accounts receivable. Determine the Inventory Turnover Ratio (ITR) and Days Sales Outstanding (DSO), assuming an industry average of 90 days.If a company has sales of $1,300,000 and inventory of $245,000 and net income of $85,000, what is their inventory turnover?Vijay