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2 years ago

Matt co. is the lessor in connection with an operating lease. matt co. would record:

1 answer:

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Matt co. is the lessor in connection with an operating lease. matt co. would record a depreciation expense. The lessor records it as a depceciation expense becuase they are using a stright-line lease as a source of revenue. As the operation lease declines, it will keep showing as a depreciation on their balance sheets.

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Abbey Corporation paid $450 for an advertisement that appeared in last Sunday’s Kansas City Star. How does this transaction impa

PolarNik [594]

Answer:

The correct answer is: Cash outflow in the operating section.

Explanation:

The statement of cash flows is the basic financial statement that shows the cash generated and used in the operation, investment and financing activities. The change of the different items in the Balance Sheet that affect cash must be determined for its implementation.

The purpose of the statement of cash flows has to do with informing the generation and use of cash and cash equivalents in relation to operation, financing and investment activities.

The objective of this statement is to present pertinent and concise information, relating to cash collections and disbursements of an economic entity during a period so that users of financial statements have additional elements to examine the entity's ability to generate future cash flows. effective, to assess the ability to meet its obligations, determine internal and external financing, analyze the changes presented in cash, and establish the differences between net income and collections and disbursements.

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2 years ago

Benny asked his marketing team to research and collect data regarding the demographics of people residing in the state of Califo

anzhelika [568]

Answer:

C, Management Information System

Explanation:

5 0

2 years ago

Neutronics makes four different models of gas identifiers. Next year, the company anticipates total overhead costs of $2.5 milli

Rainbow [258]

Answer:

Predetermined manufacturing overhead rate= $33.33 per direct labor hour

Explanation:

Giving the following information:

Next year, the company anticipates total overhead costs of $2.5 million.

Estimated direct labor hours= 75,000

<u>To calculate the predetermined manufacturing overhead rate we need to use the following formula:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 2,500,000/75,000

8 0

2 years ago

Abbe Company uses activity-based costing. The company has two products: A and B. The annual production and sales of Product A is

Amanda [17]

Answer:

$107.30

Explanation:

Overhead cost for Product B under Activity based costing is as follows:

For Activity 1:

= Estimated overhead cost × (Expected activity ÷ Total activity)

= $109,319 × (2,400 ÷ 4,900)

= $53,544

For Activity 2:

= Estimated overhead cost × (Expected activity ÷ Total activity)

= $135,033 × (2,200 ÷ 5,700)

= $52,118

Activity 3:

= Estimated overhead cost × (Expected activity ÷ Total activity)

= $143,990 × (1,180 ÷ 2,380)

= $71,390

Total Expense :

= $53,544 + $52,118 + $71,390

= $177,052

Overhead Per unit cost:

= Total Expense ÷ Annual production and sales of Product B

= $177,052 ÷ 1,650 units

= $107.30

Therefore, the overhead cost per unit of Product B is closest to $107.30.

6 0

2 years ago

Behavior modification depends upon what principle?

Zanzabum

The appropriate response is operant conditioning. Operant conditioning is a kind of realizing where conduct is controlled by outcomes. Enter ideas in operant molding are uplifting feedback, negative support, positive discipline and negative discipline.

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2 years ago