Deerling Enterprise Ltd

question 59

Essay

Deerling Enterprise Ltd. revealed the following information for the years ended December 31, 2019 and 2020: Deerling Enterprise's credit terms are net 30 days.
Instructions
a) Calculate Deerling Enterprise's 2020 and 2019 current ratio.
b) Calculate Deerling Enterprise's quick ratio for 2020 and 2019.
c) Calculate Deerling Enterprise's Accounts Receivable turnover ratio for 2020.
d) On the average how long does it take Deerling Enterprise to collect its accounts receivable?

Identify unlawful questions in employment interviews and suggest appropriate responses.

Understand the employer's preference for different resume types and how it impacts their selection process.

Comprehend the structure and phases of an employment interview.

Realize the interviewee's role in managing impressions and the importance of preparedness.

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Definitions:

Direct Labor-Hours

The total number of labor hours worked by employees who are directly involved in the manufacturing process.

General Factory

An umbrella term referring to the physical location where manufacturing operations occur, encompassing all areas of production.

Activity Rate

A rate used in activity-based costing to allocate overhead costs to products or services, based on their consumption of activities.

Activity-Based Costing

An accounting method that assigns costs to products or services based on the activities required to produce or deliver them, providing more accurate product costing.