Answer:
Member B: Works 10 hours per week at $5.85 per hour
Member D: Works 9 hours per week at $6.35 per hour
Answer:
The correct answer is B.
Explanation:
Giving the following information:
Budgeted Sales (at retail):
January $300,000*0.60= 180,000
February $340,000*0.6= 204,000
March $400,000*0.6= 240,000
April $350,000
Cost of goods sold as a percentage of sales 60%
Desired ending inventory 75% of next month sales
April:
Purchase from March= (240,000*0.25) + (350,000*0.60*0.75)=60,000 + 157,500= $217,500
Answer:
March 31, 2020
Explanation:
The accrual accounting principle states that you must record transactions in the accounting periods in which they occur, and the conservatism principle states that revenues should only be recorded when the earning process has been substantially completed.
In this case, only March 31 fulfills both requirements, since the goods were delivered on that day: same accounting period + earning process completed.
Answer:
Operating activities
Investing activities
Financing activities
Explanation:
In a cash flow statement, the activities of the organization are usually recognized in 3 parts namely; Operating activities, investing activities and financing activities.
The operating activities include elements such as net profit, non cash items, change in current assets and liabilities.
The investing activities include cash flows from the disposal and purchase of assets etc
The financing activities includes cash flows from the disposal and sale of shares etc.
The net cash flows from these activities is the netted off the cash balance at the beginning of the period to get the cash balance at the end of the period.
Hence the order of presentation of activities on the statement of cash flows is
Operating activities
Investing activities
Financing activities
Answer:
Jess receives one-half of the estate, and Kato and Lars each receive one-fourth
Explanation:
The question is complete but phrased incorrectly as the options are not separated.
