Answer:
The correct option is D,$402,000.
Explanation:
In determining the cash flow provided by operating activities,we need to adjust the net income for effects of non cash items reported.It is important to note that the reverse of the earlier treatment of the items is what is required now.For instance depreciation and amortization were deducted in income statement,for cash flow purposes we need to add both to net income.
Net income $315,000
add depreciation $90,000
amortization $15,000
loss on sale of equipment $9,000
less gain on sale of building($27000)
Cash flow from operations $402,000
The cash flow from operating activities as adjusted is $402,000.
Answer:
Ending inventory cost= $1,494
Explanation:
Giving the following information:
Beginning Inventory: 300 $780
Purchases:
May 10: 400 units for $1,170
June 15: 500 units for $1,260 ($2.52 per unit)
August 28: 300 units for $990 ($3.3 per unit)
The company had 500 units were in its ending inventory at the end of the year.
Under FIFO (first-in, first-out), the ending inventory cost is calculated using the cost of the last units incorporated.
Ending inventory cost= 300*3.3 + 200*2.52= $1,494
Answer:
The production exhibit both scope economics and scale economics. They are not mutually exclusive.
Explanation:
Looking at the scenario critically, we will clearly see the tendency of a scope economics. Scope economics basically hinges on getting a competitive advantage, essentially because of producing in large quantities and numbers. Riverside Ranger logo T-shirts exhibits this as it produce its products in large numbers, producing 1000 pieces of a particular design in 1 hour.
In same breath, we also have the scale economics exhibited by the organization. Taking a deeper look at the cost representation, we will see that the average cost tend to reduce as the production increases. Thus, an economic of scale is achieved here by leveraging on the mass and swift production style of Riverside Rangers logo T-shirts.
Answer:
Janine is an accountant who makes $30,000 a year. Robert is a college student who makes$8,000 a year. All other things equal, who is more likely to stand in a long line to get a cheap concert ticket?
Robert; his opportunity cost is lower
Explanation:
Robert has loss of potential gain from the alternative available, his low income will made him to queue in order to get the concert ticket
Answer:
Instructions are listed below.
Explanation:
Giving the following information:
Budgeted Sales:
January $ 237,400
February 251,400
March 336,600
Nieto’s sales are 30% cash and 70% credit. Credit sales are collected 10% in the month of sale, 50% in the month following sale, and 36% in the second month following sale; 4% are uncollectible.
Cash collection March:
Cash sales= 336,600*0.3= 100,980
Credit Sales March= (336,600*0.7*0.1)= 23,562
From February= (251,400*0.7*0.5)= 87,990
From January= (237,400*0.7*0.36)= 59,824.8
Total= 272,356.8
