A corporation manages inventory performance by monitoring its inventory turnover. Selected financial records for the corporation are as follows: Year 1 Year 2 Year 3 Annual sales $1,262,500 $1,062,500 $1,459,000 Gross annual profit percentage 45% 30% 40% The beginning finished goods inventory for Year 2 was 20% of Year 2 sales. The ending finished goods inventory for Year 2 was 18% of Year 3 sales. What was the corporation's inventory turnover for Year 2

Powell company began the 2018 accounting period with $40,000 cash, $86,000 inventory, $60,000 common stock, and $66,000 retained earnings. during 2018, powell experienced the following events: sold merchandise costing $58,000 for $99,500 on account to prentise furniture store. delivered the goods to prentise under terms fob destination. freight costs were $900 cash. received returned goods from prentise. the goods cost powell $4,000 and were sold to prentise for $5,900. granted prentise a $3,000 allowance for damaged goods that prentise agreed to keep. collected partial payment of $81,000 cash from accounts receivable. required record the events in a statements model shown below. prepare an income statement, a balance sheet, and a statement of cash flows. why would prentise agree to keep the damaged goods?

Goldman services hired a new clerk to keep custody of and maintain all the equipment in the equipment yard. the clerk has not yet been adequately trained on the maintenance needs of the equipment. which internal control procedure needs strengthening?

Witch type of group discussion requires a lot of active participation from the audience?