1. BEFC reported cost of goods sold (COGS) of $1.8 million and average inventory for...

Adriel Vance

Adriel Vance

Answered

2022-12-05

1. BEFC reported cost of goods sold (COGS) of $1.8 million and average inventory for the year of $300,000. What was the Day's Sales in Inventory (DSOs) for the year?
a. 60.0 days
b. 60.8 days
c. 64.3 days
d. 68.8 days
2. A statement of cash flow will include all except:
a. Operating activities
b. Investing activities
c. Financing activities
d. Foreign trading activities
3. Operating activities is defined as:
a. The principal revenue-generating activities of an organization and other activities that are not investing or financing; any cash flows from current assets and current liabilities
b. Cash flows from the acquisition and disposal of long-term assets and other investments not included in cash equivalents
c. Cash flows that result in changes in the size and composition of the contributed equity and borrowings of the entity (i.e. bonds, stock, cash dividends)
d. All of the above.
4. Investing activities is defined as:
a. The principal revenue-generating activities of an organization and other activities that are not investing or financing; any cash flows from current assets and current liabilities
b. Cash flows from the acquisition and disposal of long-term assets and other investments not included in cash equivalents
c. Cash flows that result in changes in the size and composition of the contributed equity and borrowings of the entity (i.e. bonds, stock, cash dividends)
d. All of the above.

Answer & Explanation

Henry Arellano

Henry Arellano

Expert

2022-12-06Added 12 answers

1. b. 60.8 days
2. d. Foreign trading activities
3. a. The principal revenue-generating activities of an organization and other activities that are not investing or financing; any cash flows from current assets and current liabilities
4. b. Cash flows from the acquisition and disposal of long-term assets and other investments not included in cash equivalents

Do you have a similar question?

Recalculate according to your conditions!

Ask your question.
Get your answer.

Let our experts help you. Answer in as fast as 15 minutes.

Didn't find what you were looking for?