cookery tools help huhu
Answer:
2 is saute pan
and 1 is saucepan ig
Money serves a good store of value unless an economy experiences a period of rapid inflation.
True
False
Cornerstone Exercise 5.2 (Algorithmic) Job Costs Using a Plantwide Overhead Rate Naranjo Company designs industrial prototypes for outside companies. Budgeted overhead for the year was $290,000, and budgeted direct labor hours were 29,000. The average wage rate for direct labor is expected to be $20 per hour. During June, Naranjo Company worked on four jobs. Data relating to these four jobs follow: Job 39 Job 40 Job 41 Job 42 Beginning balance $26,700 $35,900 $16,700 $1,600 Materials requisitioned 20,300 23,200 12,600 14,200 Direct labor cost 11,400 20,300 7,250 5,100 Overhead is assigned as a percentage of direct labor cost. During June, Jobs 39 and 40 were completed; Job 39 was sold at 130 percent of cost. (Naranjo had originally developed Job 40 to order for a customer; however, that customer was near bankruptcy and the chance of Naranjo being paid was growing dimmer. Naranjo decided to hold Job 40 in inventory while the customer worked out its financial difficulties. Job 40 is the only job in Finished Goods Inventory.) Jobs 41 and 42 remain unfinished at the end of the month. Required: 1. Calculate the balance in Work in Process as of June 30. $ 2. Calculate the balance in Finished Goods as of June 30. $ 3. Calculate the cost of goods sold for June. $ 4. Calculate the price charged for Job 39. Round your answer to the nearest cent. $ 5. What if the customer for Job 40 was able to pay for the job by June 30? What would happen to the balance in Finished Goods? What would happen to the balance of Cost of Goods Sold?
Answer: See attachment and solution
Explanation:
1. Calculate the balance in Work in Process as of June 30.
This will be:
= $40175 + $23450
= $63625
2. Calculate the balance in Finished Goods as of June 30.
This will be $89550
3. Calculate the cost of goods sold for June.
Based on the calcuyin the attachment, this will be $64100.
4. Calculate the price charged for Job 39.
This will be:
= $(64100 × 1.30)
= $83330
5. What if the customer for Job 40 was able to pay for the job by June 30? What would happen to the balance in Finished Goods?
Based on the above, there would be a reduction in the finished goods.
6. What would happen to the balance of Cost of Goods Sold?
There will be an increase in the cost of the goods that are sold.
The following are the transactions of Spotlighter, Inc., for the month of January:
a. Borrowed $4,740 from a local bank on a note due in six months.
b. Received $5,430 cash from investors and issued common stock to them.
c. Purchased $2,600 in equipment, paying $1,000 cash and promising the rest on a note due in one year.
d. Paid $1,100 cash for supplies.
e. Bought and received $1,500 of supplies on account.
Required:
Post the effects to the appropriate T-accounts and determine ending account balances. Show a beginning balance of zero.
Answer:
Spotlighter, Inc.
Cash
Account Titles Debit Credit
Beginning balance $0
Notes Payable $4,740
Common stock $5,430
Equipment $1,000
Supplies $1,100
Ending balance $8,070
Notes Payable
Account Titles Debit Credit
Beginning balance $0
Cash $4,740
Equipment 1,600
Ending balance $6,340
Common stock
Account Titles Debit Credit
Beginning balance $0
Cash $5,430
Equipment
Account Titles Debit Credit
Beginning balance $0
Cash $1,000
Notes Payable $1,600
Ending balance $2,600
Supplies
Account Titles Debit Credit
Beginning balance $0
Cash $1,100
Accounts Payable $1,500
Ending balance $2,600
Accounts Payable
Account Titles Debit Credit
Beginning balance $0
Supplies $1,500
Ending Balance $1,500
Explanation:
1) Data and Transaction Analysis:
a. Cash $4,740 Notes Payable $4,740
b. Cash $5,430 Common stock $5,430
c. Equipment $2,600 Cash $1,000 Notes Payable $1,600
d. Supplies $1,100 Cash $1,100
e. Supplies $1,500 Accounts Payable $1,500
On January 1, the Matthews Band pays $65,800 for sound equipment. The band estimates it will use this equipment for four years and after four years it can sell the equipment for $2,000. Matthews Band uses straight-line depreciation but realizes at the start of the second year that this equipment will last only a total of three years. The salvage value is not changed.
Answer:
$15,950
$15,950
Explanation:
Here is the full question :
On January 1, the Matthews Band pays $65,800 for sound equipment. The band estimates it will use this equipment for four years and after four years it can sell the equipment for $2,000. Matthews Band uses straight-line depreciation but realizes at the start of the second year that this equipment will last only a total of three years. The salvage value is not changed. Compute the revised depreciation for both the second and third years.
The step to answering this question :
1. calculate the depreciation expense using the initial useful life
2. calculate the book value for year 2
3. calculate the depreciation expense for year 2 and 3 using the revised useful life and year 2 book value
Straight line depreciation expense = (Cost of asset - Salvage value) / useful life
1. ($65,800 - $2000) / 4 = $15,950
Book value = $65,800 - $15,950 = $49,850
($49,850 - $2000) / 3 = $15,950
The depreciation expense in year 2 and 3 would be $15,950
HOW CAN THE EXTENSIBILITY OF A PLATFORM BENEFIT A BUSINESS
Answer:
Having an extensibility platform allows companies to build and run solutions that address needs beyond the standard product but also allows them to bring innovation trends to those same solutions without risking their ongoing operations.
Explanation:
Business is defined as the process of producing, manufacturing, or selling a product to earn money for a living.
Extensibility Platform for Business
Extensibility platforms account for fewer errors and easy maintenance.Extensibility platform benefits the business by building and running solutions addressing beyond the standard product. Extensibility also allows one innovation trends to the standard product without risking the original product operations.
Thus, an extensibility platform can benefit the business by bringing innovation trends.
Learn more about the extensibility of business here:
https://brainly.com/question/17323212
Comfort chair company manufacturers a standard recliner. During February, the firm's Assembly Department started production of 73,000 chairs. During the month, the firm completed 78,600 chairs, and transferred them to the Finishing Department. The firm ended the month with 10,100 chairs in ending inventory. There were 15,700 chairs in beginning inventory. All direct materials costs are added at the beginning of the production cycle and conversion costs are added uniformly throughout the production process. The FIFO method of process costing is used by Comfort. Beginning work in process was 35% complete as to conversion costs, while ending work in process was 85% complete as to conversion costs.
Direct materials $24,000
Conversion costs $35,000
Manufacturing costs added during the accounting period:
Direct materials $168,000
Conversion costs $278,000
1. What were the equivalent units for conversion costs during February?
a. 81,500
b. 83,000
c. 73,000
d. 77,500
2. What is the amount of direct materials cost assigned to ending work-in-process inventory at the end of February?
a. $19,000
b. $23,000
c. $25,000
d. $27,000
3. What is the cost of the goods transferred out during February?
a. $417,750.5
b. $454,694.8
c. $476,750.6
d. $505,000.2
Answer:
1. a. 81,500
2. $38,481
3. $461,382
Explanation:
The equivalent units for conversion costs during February.
Conversion Costs = 15,700 x 65% + 62,900 x 100% + 10,100 x 85 %
= 81,690 units
Material Costs = 15,700 x 0% + 62,900 x 100% + 10,100 x 100 %
= 73,000 units
The amount of direct materials cost assigned to ending work-in-process inventory at the end of February.
Step 1 : Determine Cost per Equivalent unit
Conversion Costs = $168,000 ÷ 81,690 units = $2.06
Material Costs = $278,000 ÷ 73,000 units = $3.81
Total Cost = $2.06 + $3.81 = $5.87
Step 2 : Direct Material Cost assigned to ending work-in-process
Ending work-in-process (Material Cost) = 10,100 x $3.81
= $38,481
The cost of the goods transferred out during February.
Cost of the goods transferred out = $5.87 x 78,600
= $461,382
Jersey Corporation has a process costing system in which it uses the weighted-average method. The equivalent units for conversion costs for the month were 47,500 units. The beginning work in process inventory consisted of 15,000 units, 60% complete with respect to conversion costs. The ending work in process inventory consisted of 10,000 units, 75% complete with respect to conversion costs. The number of units started during the month was ____
a. 25,000 units
b. 34,000 units
c. 35,000 units
d. 40,000 units
Jake borrowed $800,000 from the Gateway Bank to purchase a fishing boat. He keeps the boat at a dock owned by the Harbor Company. He uses the boat to earn income by fishing. Jake also has a contract with the White Shark Fishing Company to transport tuna from one port to another.
a. Do any of the following parties have an insurable interest in Jake or his property? If an insurable interest exists, explain the extent of the interest.
1. Gateway Bank
2. Harbor Company
3. White Shark Fishing Company
b. If Jake did not own the boat but operated it on behalf of the White Shark Fishing Company, would he have an insurable interest in the boat? Explain.
Answer:
1. Gateway Bank
3. White Shark Fishing Company
Explanation:
In the scenario being described the two entities that have an insurable interest in Jake or his property would be Gateway Bank and The White Shark Fishing Company. The Bank has an insurable interest because if something where to happen to Jake they would most likely incur the loss of $800,000 that Jake borrowed, the same goes for the boat since without the boat Jake can't earn income to pay back the loan. The White Shark Fishing Company on the other hand entrusts Jake with their cargo, meaning if anything happens to Jake or the Boat they would lose all of their cargo that Jake is transporting. This would cause them to have to incur those loses.
b. If Jake operated the boat on behalf of the White Shark Fishing Company he would have an insurable interest on the boat since he would lose the income that he makes with the boat. Also, if Jake has a contract and is responsible for the boat he might even have to incur the damages for the boat.
What is good governannce?
Lloyd Inc. has sales of $450,000, a net income of $36,000, and the following balance sheet:Cash $148,770 Accounts payable $117,450Receivables 244,035 Notes payable to bank 71,775Inventories 613,350 Total current liabilities $189,225Total current assets $1,006,155 Long-term debt 207,495Net fixed assets 298,845 Common equity 908,280Total assets $1,305,000 Total liabilities and equity $1,305,000The new owner thinks that inventories are excessive and can be lowered to the point where the current ratio is equal to the industry average, 2.5x, without affecting sales or net income.If inventories are sold and not replaced (thus reducing the current ratio to 2.5x); if the funds generated are used to reduce common equity (stock can be repurchased at book value); and if no other changes occur, by how much will the ROE change? Do not round intermediate calculations. Round your answer to two decimal places.What will be the firm's new quick ratio? Do not round intermediate calculations. Round your answer to two decimal places.
Answer:
Desired current asset for current ratio to be 2.5x
=> 2.5*Total current liabilities
=> 2.5*$189,225
=> $473,063
Reduction in equity = Reduction in current assets = Reduction in inventory
= Old Current assets - New current assets
= $1,006,155 - $473,063
= $533,093
New book value of equity = Old book value - Reduction in equity
New book value of equity = $908,280 - $533,093
New book value of equity = $375,188
Change in ROE = ROE now - ROE before
Change in ROE = (Net income / New book value of equity) - (Net income / Old book value of equity)
Change in ROE = (36,000 / 375,188) - (36,000 / 908,280)
Change in ROE = 0.0959519 - 0.0396354
Change in ROE = 0.0563165
Change in ROE = 5.63%
Hence, ROE will increase by 5.63%
Firm's new quick ratio = (Cash + Receivables ) / Current liabilities
Firm's new quick ratio = ($148,770 + $244,035) / $189,225
Firm's new quick ratio = $392,805 / $189,225
Firm's new quick ratio = 2.0758621
Firm's new quick ratio = 2.08
With an aim of a diagram, distinguish between the income effect and substitution effect of change in price of a normal good
Hello. You did not present a diagram to which the question refers. However, I will try to help you in the best possible way.
The income effect is the term related to the increase or decrease in the consumer's purchasing power in relation to the fluctuation in the price of consumer products and the value of the national currency. On the other hand, the substitution effect refers to the impact between the variation of the consumers' income value and the product's prices.
Roadside Travel Court was organized on July 1, 2016, by Betty Johnson. Betty is a good manager but a poor accountant. From the trial balance prepared by a part-time bookkeeper, Betty prepared the following income statement for her fourth quarter, which ended June 30, 2017.
ROADSIDE TRAVEL COURT
Income Statement
For the Quarter Ended June 30, 2017
Revenues
Rent revenue $210,900
Operating expenses
Advertising expense $ 4,385
Salaries and wages expense 82,465
Utilities expense 930
Depreciation expense 3,150
Maintenance and repairs expense
4,065
Total operating expenses
94,995
Net income
$115,905
Betty suspected that something was wrong with the statement because net income had never exceeded $30,000 in any one quarter. Knowing that you are an experienced accountant, she asks you to review the income statement and other data.
You first look at the trial balance. In addition to the account balances reported above in the income statement, the trial balance contains the following additional selected balances at June 30, 2017.
Supplies $ 8,685
Prepaid Insurance 14,400
Notes Payable 14,000
You then make inquiries and discover the following.
1. Roadside rentals revenues include advanced rental payments received for summer occupancy, in the amount of $57,150.
2. There were $1,930 of supplies on hand at June 30.
3. Prepaid insurance resulted from the payment of a one-year policy on April 1, 2017.
4. The mail in July 2017 brought the following bills: advertising for the week of June 24, $135; repairs made June 18, $4,795; and utilities for the month of June, $240.
5. Wages expense is $300 per day. At June 30, four daysâ wages have been incurred but not paid.
6. The note payable is a 6% note dated May 1, 2017, and due on July 31, 2017.
7. Income tax of $13,740 for the quarter is due in July but has not yet been recorded.
Prepare any adjusting journal entries required at June 30, 2017. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)
No.
Account Titles and Explanation
Debit
Credit
1.
2.
3.
4.
5.
6.
7.
Prepare a correct income statement for the quarter ended June 30, 2017.
ROADSIDE TRAVEL COURT
Income Statement
June 30, 2017For the Year Ended June 30, 2017For the Quarter Ended June 30, 2017
ExpensesRevenuesTotal ExpensesTotal RevenuesNet Income / (Loss)Retained Earnings, April 1Retained Earnings, June 30Dividends
$
ExpensesRevenuesTotal ExpensesTotal RevenuesNet Income / (Loss)Retained Earnings, April 1Retained Earnings, June 30Dividends
$
Expenses Revenues Total Expenses Total Revenues Net Income / (Loss) Retained Earnings, April 1 Retained Earnings, June 30 Dividends
ExpensesRevenuesTotal ExpensesTotal RevenuesNet Income / (Loss)Retained Earnings, April 1Retained Earnings, June 30Dividends
$
Answer:
Roadside Travel Court
1. Journal Entries:
1. Debit Rent Revenue $57,150
Credit Deferred Rent Revenue $57,150
To record deferred rent revenue.
2. Debit Supplies Expense $6,755
Credit Supplies $6,755
To record supplies expense.
3. Debit Insurance Expense $3,600
Credit Prepaid Insurance $3,600
To record insurance expense.
4. Debit Advertising expenses $135
Debit Repairs Expense $4,785
Debit Utilities Expense $240
Credit Advertising Payables $135
Credit Repairs Payable $4,785
Credit Utilities Payable $240
To record miscellaneous expenses.
5. Debit Wages Expense $1,200
Credit Wages Payable $1,200
To accrue unpaid wages.
6. Debit Interest Expense $560
Credit Interest Payable $560
To record interest expense.
7. Debit Income tax expense $13,740
Credit Income tax payable $13,740
To record accrued income tax expense.
2. Income Statement
For the Quarter Ended June 30, 2017
Revenues
Rent revenue $153,750
Operating expenses
Advertising expense $ 4,520
Salaries and wages expense 83,665
Utilities expense 1,170
Depreciation expense 3,150
Maintenance /repairs expense 8,860
Interest expense 560
Insurance expense 3,600
Supplies expense 6,755
Total operating expenses 112,280
Income before taxes $41,470
Income tax expense 13,740
Net income $27,730
Explanation:
a) Data and Calculations:
Income Statement
For the Quarter Ended June 30, 2017
Revenues
Rent revenue $210,900 - 57,150 = 153,750
Operating expenses
Advertising expense $ 4,385 + 135 = 4,520
Salaries and wages expense 82,465 + $1,200 = 83,665
Utilities expense 930 + 240 = $1,170
Depreciation expense 3,150
Maintenance /repairs expense 4,065 + 4,795 = 8,860
Interest expense 560
Insurance expense 3,600
Supplies expense 6,755
Total operating expenses 94,995
Income tax expense 13,740
Net income $115,905
Balances on June 30:
Supplies $ 8,685
Prepaid Insurance 14,400
Notes Payable 14,000
Analysis of Adjustments:
1. Rent Revenue $57,150 Deferred Rent Revenue $57,150
2. Supplies Expense $6,755 Supplies $6,755 ($8,685 - $1,930)
3. Insurance Expense $3,600 Prepaid Insurance $3,600 ($14,400 * 3/12)
4. Advertising expenses $135 Advertising Payables $135
Repairs Expense $4,785 Repairs Payable $4,785
Utilities Expense $240 Utilities Payable $240
5. Wages Expense $1,200 Wages Payable $1,200 ($300 * 4)
6. Interest Expense $560 Interest Payable $560 ($14,000 * 6% * 2/3)
7. Income tax expense $13,740 Income tax payable $13,740
Rent Revenue $210,900
Less deferred 57,150
Rent Revenue $153,750
Supplies balance = $1,930
Prepaid Insurance balance =10,800 ($14,400 - 3,600)
Apple rolled out new versions of its popular iPod music player. CEO Tim Cook also unveiled cheaper models of its Touch music player, a touchscreen-only device. An 8-gigabyte version now costs $229, down from $299. A 32-gigabyte model costs $399, down from $499. Suppose when the price of an iPod decreases by 20 percent, the number of songs downloaded on iTunes increases by 30 percent. Based on this information iTunes are
A. complements to iPods.
B. substitutes for iPods.
C. an inferior good.
D. a normal good.
Answer:
It should be A
Explanation:
I hope this helps
List the 5 tests of whether personal property has become a fixture
Answer:
im not sure but there is other questions for you.
Explanation:
Valcarcel Corporation manufactures and sells one product. The following information pertains to the company’s first year of operations:
Variable cost per unit:
Direct materials $ 67
Fixed costs per year:
Direct labor $ 886,500
Fixed manufacturing overhead $ 2,068,500
Fixed selling and administrative expenses $ 1,254,000
The company does not have any variable manufacturing overhead costs or variable selling and administrative expenses. During its first year of operations, the company produced 59,100 units and sold 57,000 units. The company’s only product is sold for $152 per unit.
Required:
a-1. Assume the company uses super-variable costing. Compute the unit product cost for the year.
a-2. Prepare an income statement for the year.
b-1. Assume that the company uses a variable costing system that assigns $15 of direct labor cost to each unit that is produced. Compute the unit product cost for the year.
b-2. Prepare an income statement for the year.
c. Prepare a reconciliation that explains the difference between the super-variable costing and variable costing net incomes.
Answer:
heres some love
Explanation:
no ❤️️
Miniaturization of Wisynco sales?
Explanation:
Wisynco Group Limited has 1,500 total employees across all of its locations and generates $195.02 million in sales (USD).
Due to the secret nature of performance standards, employees are only permitted to review these standards at the time when they receive their appraisal.
t or f
Fulbright Corp. uses the periodic inventory system. During its first year of operations, Fulbright made the following purchases (listed in chronological order of acquisition): 53 units at $139 per unit 135 units at $142 per unit 183 units at $122 per unit Sales for the year totaled 335 units, leaving 36 units on hand at the end of the year. In comparing the ending inventory balances of FIFO and LIFO, the ending inventory value under FIFO less the ending inventory balance under LIFO results in a difference of:
Answer:
The difference is $612
Explanation:
By using the Periodic inventory system Fulbright Corp. calculates its Cost of Sales and Inventory at the end of a certain period. In this case at year end.
FIFO
FIFO assumes that the units to arrive first will be sold first. Meaning inventory will be valued using recent prices.
FIFO inventory = 36 units x $122 = $4,392
LIFO
LIFO assumes that the units to arrive last will be sold first. Meaning that the inventory will be valued using earliest (old) prices.
LIFO inventory = 36 units x $139 = $5,004
Conclusion
Difference = LIFO inventory - FIFO inventory
= $5,004 - $4,392
= $612
Explain what activities could possibly contaminate the integrity of data
Answer:
The integrity of data can be compromised in a variety of ways, including malicious proprietors, human mistakes, and technical errors.
Explanation:
:)
the summary of important trends in retailing are
Answer:
1 Investment in omni channel retail strategies
2 provide a personalized retail experience
3 Attend to the growing culture of immediacy
4 Expand into emerging markets and create a new channel
Amazin Company is trying to decide which one of two contracts it will accept. The costs and revenues associated with each are listed below:
Contract X Contract Z
Contract revenue $200,000 $260,000
Materials 10,000 10,000
Labor 8800 120,000
Depreciation on Equipment 8,000 10,000
Cost incurred for consulting advice 1,500 1,500
Allocated portion of overhead 5,000 3,000
Which of these amounts is relevant for the selection of one contract over another?
a. Contract revenue and cost of materials
b. Materials, consulting advice and allocated overhead
c. Cost of consulting advice and allocated overhead
d. Contract revenue and labor costs
Answer:
The amounts relevant for the selection of one contract over another are:
d. Contract revenue and labor costs
Explanation:
a) Data and Calculations:
Contract X Contract Z Relevant
Contract revenue $200,000 $260,000 Different
Materials 10,000 10,000 Same cost
Labor 8800 120,000 Different
Depreciation on Equipment 8,000 10,000 Fixed costs
Cost incurred for consulting advice 1,500 1,500 Same cost
Allocated portion of overhead 5,000 3,000 Fixed costs
b) The analysis shows that revenues for the two contracts are different and therefore relevant, just like labor costs. However, the costs of materials and consulting advice are relevant, but since they are the same costs, they can be neglected in decision making. Fixed costs are not always relevant for decision making.
3. Company with single taxation is called?
(a) S-Type
(6) LLP
(c) Joint Stock Company
(d) PC
Answer:
(a) S-Type
Explanation:
Taxation can be defined as the involuntary or compulsory fees levied on individuals or business entities by the government to generate revenues used for funding public institutions and activities.
The different types of tax include the following;
1. Income tax: a tax on the money made by workers in the state. This type of tax is paid by employees with respect to the amount of money they receive as their wages or salary.
2. Property tax: a tax based on the value of a person's home or business. It is mainly taxed on physical assets or properties such as land, building, cars, business, etc.
3. Sales tax: a tax that is a percent of the price of goods sold in retail stores. It is being paid by the consumers (buyers) of finished goods and services and then, transfered to the appropriate authorities by the seller.
A company with single taxation is called S-Type i.e sole proprietorship.
Basically, a sole proprietorship business is a type of business that is owned by a single person and as such their profits are taxed once as personal income tax.
Mention three barriers to interpersonal communication and how to overcome them
Explanation:
Empathy, linguistic and cultural barriers.Barriers to interpersonal communication can result from specific situations and personal differences that contribute to making the communication process more difficult.
However, it is possible to identify and overcome them. In the case of barriers of empathy, they can occur when there is no intention of understanding a certain situation that an individual is sharing with another individual, which may imply resistance in the listener that makes communication difficult , to overcome it, there must be greater understanding on both sides, greater respect and ethics on both sides.
In linguistic and cultural barriers it is necessary that individuals are willing to respect different values and cultures, acting with ethics and respect. When there is a need to communicate with people of different nationalities, as in a multicultural work environment for example, language barriers must be minimized with the learning of a common language, such as English for example.
The following statements relate to nongovernmental NFPs. Match the followings with each others.
a. Reported by functional classification.
b. The activities that result in goods and services being distributed to beneficiaries that fulfill the purposes of the entity.
c. A nongovernmental NFP's external reporting must be based on this guidance.
d. An acceptable method for internal purposes in a nongovernmental NFP. But not required for external reporting.
e. A purpose of external financial reporting by an NFP.
f. Recognized for amounts received in agency transactions.
g. Items ordinarily reported on the statement of activities as net amounts.
1. Expenses
2. Supporting activities
3. US GAAP
4. GASB standards
5. Revenues
6. Fund accounting
7. Assets
8. Helps to assess stewardship
9. Services
10. Liabilities
11. Investment returns
Answer:
a. Reported by functional classification
Correct Match: Expenses
b. The activities that result in goods and services being distributed to beneficiaries that fulfill the purposes of the entity
Correct Match: Supporting activities
c. A nongovernmental NFP's external reporting must be based on this guidance
Correct Match: GASB standards
d. An acceptable method for internal purposes in a nongovernmental NFP. But not required for external reporting
Correct Match: US GAAP
e. A purpose of external financial reporting by an NFP
Correct Match: Fund accounting
f. Recognized for amounts received in agency transactions
Correct Match: Revenues
g. Items ordinarily reported on the statement of activities as net amounts
Correct Match: Revenues
In preparing a company's statement of cash flows for the most recent year using the indirect method, the following information is available:
Net income for the year was $ 52,000
Accounts payable decreased by 18,000
Accounts receivable increased by 25,000
Inventories increased by 5,000
Depreciation expense was 30,000
Net cash provided by operating activities was
A. $34,000.
B. $60,000.
C. $70,000.
D. $80,000.
E. $52,000.
Answer:
A. $34,000.
Explanation:
We can determine the Net cash provided by operating activities by preparing the Cash flow from Operating Activities Section of the Cash flow Statement using the Indirect method as below
Cash flow from Operating Activities
Net income for the year 52,000
Adjustment for Non - Cash items :
Depreciation expense 30,000
Adjustment for Changes in Working Capital items :
Decrease in Accounts payable (18,000)
Increase in Accounts receivable (25,000)
Increase in Inventories (5,000)
Net cash provided by operating activities 34,000
Therefore,
Net cash provided by operating activities was A. $34,000.
This ratio is anticipated and expected to be announced at shareholder meetings, since as a stock continues to increase in value, the shareholders are not as concerned about dividend payouts. The ratio is _____.
price-to-book value ratio
price-to-cash flow ratio
price-to-sales ratio
price-to-earnings ratio
Answer:
Price to book value ratio is the answer
Answer:
Price-to-earning ratio
Explanation:
Edge 2021
Led Foot drives his car carelessly into another car. The second car contains dynamite, a fact that Led had no way of knowing. The collision causes an explosion, which shatters a window of a building half a block away on another street. The flying glass inflicts serious cuts on Sally, who is working at a desk near the window. The explosion also harms Vic, who is walking on the sidewalk near the point of the collision. Toward whom is Led Foot negligent?
Answer:
Led Foot is negligent Towards Vic
Explanation:
The injury inflicted on both Sally and Vic resulted from the explosion caused when Led Foot hit another car containing explosives. Vic in this case is a pedestrian while Sally isn't. Led Foot is negligent towards Vic because careless driving of any sort will definitely pose a certain level of threat or harm to pedestrians nearby. However, in Sally's case who isn't a pedestrian could be classed among the group of people residing outside the risk zone. Hence, even though Sally was hurt as a result of shattered glass triggered by the explosion ; Led Foot isn't negligent towards Sally.
Which scenarios provided would cause a change in demand for grape jelly
eassy on important of computer education
Answer: ?
Explanation:
The computer is going to be a part and parcel of our daily life. A computer is a latest and most wonderful contribution to modern science. It is an ultra-modern electronic device of modern technology. But it has no ability to do anything by itself. It works on the basis of’ commands given by the operator. It can solve many complicated problems within a short time. In almost all business, companies, schools using computers for various official operations. New tech tools are coming that helping students to learn better.
The computer is very useful for us. It is used in our daily life for various purposes. The computer has made a great change in education. The students of developed countries use a computer to prepare their study materials. The result of various examinations is prepared accurately by computer within a short time. Computers and the internet not only help students to explore creativity and imagination but also help to understand technologies. Technology has made research far easier than in the past.