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2 years ago

Selected information from Vaughn Manufacturing's 2018 accounting records is as follows:

Business

1 answer:

Luda [366]2 years ago

4 0

Answer:

option B is correct,$2846000

Explanation:

The cash provide by financing activities as at 31st December 2018 comprised of proceeds from stock issuance (both from stockholders as well as the officers and employees of the company),with the proceeds of cash received from issuance of bonds,less cash dividends to common stockholders and preferred ones and finally deducting the cash used in purchasing treasury stock

net cash flows provided by financing activities=$803,000+$2,490,000-$283,000-$124,000-$233,000+$193,000

=$2846000

The correct option is B as it reflects the exact amount of cash resources generated from providers of company finance

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MARS Chocolate Company is making an estimate of the amount of candy it expects to sell during the Christmas season based on a sp

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Explanation:

Because the judgement of executives does not adequately factor into a mathematical equation. it's like a judgement call only whereas the others can be used in an equation manner

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2 years ago

Dream Threads Company sells hand-sewn shirts for $40 per shirt. It incurs monthly fixed costs of $7000. The contribution margin

mylen [45]

Answer:

350 units

Explanation:

The break even point shows the earnings that the company has to generate to be able to cover all the expenses. The formula to calculate the break even point is:

Break even point= Fixed costs / contribution margin

Break even point= $7,000/0.50

Break even point= $14,000

Now, to determine the break even point in units you have to divide $14,000 by the sales price per unit:

$14,000/$40= 350 units

According to this, the break even point in units is 350.

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2 years ago

Rachel initiated the practice of company visits as part of reaching out to her company’s loyal customers . She set up a campaign

USPshnik [31]

Answer:

Rachel has displayed the explicit concept of CSR

Explanation:

The corporate sector has a duty towards its very own business, investors as well as towards the society. Subsequently, every corporate unit must have a duty regarding the upliftment of society which is comprehensively considered as Corporate Social Responsibility (CSR).

The social duty of a business demonstrates standards and commitments by the corporate leadership to take proper activities which can ensure and improve the welfare of society alongside securing business interest.

Corporate social responsibility has been accepted more and more in the recent past. This is because the actions of the corporate sector most of the time cause negative effects to the society, therefor taking up this responsibility towards the society aims at giving back to the society while at the same time achieving their business goals.

The CSR can be divided two two main concepts; implicit and explicit Corporate social responsibility (CSR). Explicit CSR alludes to corporate rules and arrangements that accept and accountability in the interest of society. They regularly comprise of deliberate projects by companies to combine social and business worth and address issues viewed as being part of their social obligation. An example is a move by various corporations to provide relief aid to the victims of hurricane Katrina in 2005. On the other hand, implicit CSR refers to the role of corporations in the formal and informal institution for the benefit of the society. It usually comprises of qualities, standards and rules which bring about obligatory and standard prerequisites that need to be addressed by the organizations.

A major key difference between implicit and explicit CSR is that implicit CSR is usually thought of as a mandatory and involuntary exercise as a reaction to it's environment, while explicit CSR is often seen as a deliberate and voluntary exercise. In our case, Rachel displayed the explicit concept of CSR since the intent was deliberate and voluntary towards the benefit of the society while at the same time improving the image of the company in the mind of the loyal customers.

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3 years ago

Jorgansen Lighting, Inc., manufactures heavy-duty street lighting systems for municipalities. The company uses variable costing

bogdanovich [222]

Answer:

a.Year 1 = $277,440, Year 2 = $280,280, Year 3 = $272,560

b.i. Inventory Increased in year 4

b.ii $12,500 deferred in inventory

Explanation:

<u>Absorption Costing Income for Year 1, Year 2, Year 3</u>

<em>Hint: Reconcile the Variable Costing Income to Absorption Costing Income</em>

Year 1 Year 2 Year 3

Variable Costing Income $300,000 $269,000 $250,000

Add Closing Inventory $90,240 $101,520 $124,080

Less Opening Inventory ($112,800) ($90,240) ($101,520)

Absorption Costing Income $277,440 $280,280 $272,560

Here we are adding and subtracting the fixed manufacturing overhead in closing and opening inventory.

This is because difference in Variable Costing Income and Absorption Costing Income lies within fixed manufacturing costs included in inventory.

Inventory Increased in year 4

Inventory deferred in Inventory = $261,600 - $249,100

= $12,500

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2 years ago

Krumbly Corporation uses the FIFO method in its process costing system. At the beginning of the month, Department D's work in pr

ss7ja [257]

Answer:

the total cost is $23,200

Explanation:

The computation of the total cost of the 2,000 units transferred is as follows:

= Total cost at that point + other cost

= $13,600 + (2,000 × (1 - 0.40) × $8)

= $13,600 + 2,000 × 60% × $8

= $13,600 + $9,600

= $23,200

hence, the total cost is $23,200

6 0

2 years ago