Answer:
1. Cash payments for merchandise is $446,030
2.Cash payment for operating expense is $77,870
Explanation:
1. In order to calculate the Cash payments for Merchandise we would have to use the following formula:
Cash payments for Merchandise= cost of goods sold +decrease in accounts payable-decrease in inventory
Cash payments for Merchandise=$448,500+$4,290-$6,760
Cash payment for Merchandise=$446,030
2. In order to calculate the Cash payments for operating expenses we would have to use the following formula:
Cash payment for operating expense=operating expense - decrease in prepaid expense +decrease in Accured
Cash payment for operating expense=$78,000 -$650+$520
Cash payment for operating expense=$77,870
Iron triangles have given way to INTER-GOVERNMENTAL LOBBYING over the years.
Iron triangles refer to a mutual relationship between three three groups or organizations such as government agencies, interest groups and legislative committees (law makers). It is a policy making relationship in the United States politics.
Answer:
$61,500.
Explanation:
Given that,
Beginning cash balance on September 1 = $7,500
Cash receipts from credit sales made in August:
= $150,000 × 70%
= $105,000
Cash receipts from credit sales made in September:
= ($150,000 × 1.20) × 30%
= $54,000
Cash disbursements from purchases made in August:
= $100,000 × 75%
= $75,000
Cash disbursements from purchases made in September:
= $120,000 × 25%
= $30,000
Ending cash balance September 30:
= Beginning cash balance + Cash receipts from credit sales made in August + Cash receipts from credit sales made in September - Cash disbursements from purchases made in August - Cash disbursements from purchases made in September
= $7,500 + $105,000 + $54,000 - $75,000 - $30,000
= $61,500.
Answer: The correct answer is "e. Transfer of chairs from the assembly line to the staining facility and storage of completed bookcases in inventory.
".
Explanation: The statement "e. Transfer of chairs from the assembly line to the staining facility and storage of completed bookcases in inventory.
" would be included in a listing of the company's non-value-added activities.
An activity is everything that consumes resources. The resources consumed can be tangible (materials, time, money) and intangibles (mood, effort, illusion).
Value is what someone appreciates. In economic activities we refer to value as "what someone is willing to pay" for your product. That someone would be the customer. If the Client does not pay it, it is because he does not appreciate it, it does not give it value.
<u>In this case, the activities that do not clearly generate value are "transfer" and "storage". Although there are activities that do not generate value but are necessary such as transfer, storage could be eliminated or optimized so that it is not an activity that limits production or increases costs.</u>
