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2 years ago

Write a short memo to Ms Loki explaining the business performance findings of your statement of cash flow.

Business

1 answer:

UkoKoshka [18]2 years ago

8 0

The memo explaining the business performance findings from the statement of cash flow will entails:

address of the receiver
subject of the memo
body of the memo.

<h3>What is a statement of cash flow?</h3>

This refers to the financial statement that shows how changes in balance sheet accounts and breaks the analysis down to operating, investing and financing activities.

Hence, the memo will inform Ms Loki about business performance findings especially on the cash position of the business such as the inflow and outflow of cash from the firm.

Read more about statement of cash flow

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Answer:

The appropriate solution is:

(a) $3150

(b) $4200

Explanation:

According to the question,

(a)

The exchange loss will be:

= $(1.20-1.17)\times 105000$

= $0.03\times 105000$

= $3150$ ($)

(b)

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3 years ago

The Fabricating Department started the current month with a beginning Work in Process inventory of $11,200. During the month, it

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Answer:

The ending balance of the Work in Process Inventory account for the Fabricating Department is: $11,200

Explanation:

To determine Ending Balance of Work in Process Inventory, Prepare a Manufacturing Cost Statement.

Opening Work in Process Inventory $11,200

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Direct materials $77,200

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Total Manufacturing Costs $126,200

Less Transfer to Next Department ($115,000)

Closing Work in Process Inventory $11,200

Conclusion :

Therefore, the ending balance of the Work in Process Inventory account for the Fabricating Department is: $11,200

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3 years ago

Planned sales for June this year are $120,000. Last year, the actual sales for June were $110,000. Determine the planned percent

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Given that the planned sales for June this year are $120,000 and that last year's actual sales for the month of June were $110,000, there is a 9.09% increase in sales for the month.

The actual increase in sales is $10,000 ($120,000 - $110,000) or ($110,000 x 1.0909 - $110,000)

Data and Calculations:

Planned sales for June, this year = $120,000

Actual sales for June,last year = $110,000

Planned percent increase in sales for June = 9.09% ($10,000/$110,000 x 100)

Thus, the planned percentage increase in sales for the month is 9.09%.

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3 years ago

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Answer:

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