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2 years ago

Cash equivalents would not include?:

Business

1 answer:

Sladkaya [172]2 years ago

4 0

Answer:

Investments in liquid securities, such as stocks, bonds, and derivatives, are not included in cash and equivalents.

Explanation:

Even though such things may be easily turned into cash typically with a three day settlement period, they are still excluded. The assets are listed as investments on the balance sheet.

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Sinclair Manufacturing Company experienced the following accounting events during its first year of operation. With the exceptio

matrenka [14]

Answer:

Please see the attached image for the Horizontal Financial Statements of Sinclair Manufacturing Company.

Explanation:

5. FURNITURE - Straight Line Method

Book Value of Furniture = Cost of Acquisition - Residual Value

Cost of Acquisition = $9,600

Residual Value = $1,600

Book Value of Furniture = $9,600 - $1,600

Book Value of Furniture = $8,000

Useful Life = 4 years

Depreciation Expense = $8,000 / 4 years

Depreciation Expense = $2,000 per year

6. EQUIPMENT - Straight Line Method

Book Value of Equipment = Cost of Acquisition - Residual Value

Cost of Acquisition = $16,000

Residual Value = $1,000

Book Value of Furniture = $16,000 - $1,000

Book Value of Furniture = $15,000

Useful Life = 5 years

Depreciation Expense = $15,000 / 5 years

Depreciation Expense = $3,000 per year

6 0

3 years ago

Pedregon Corporation has provided the following information: Cost per Unit Cost per Period Direct materials $ 6.95 Direct labor

Paraphin [41]

Answer:

The correct answer is $27,675.

Explanation:

According to the scenario, the given data are as follows:

Variable manufacturing OH = $1.75

Fixed manufacturing OH = $19,800

Units = 4,500 units

So, we can calculate the total amount of manufacturing overhead cost by using following formula:

Total manufacturing OH = Total variable OH + Total fixed OH

Where, Total variable OH = $1.75 × 4,500 = $7,875

By putting the value, we get

Total Manufacturing OH = $7,875 + $19,800

= $27,675

7 0

3 years ago

A quality control activity analysis indicated the following four activity costs of a hotel:

svet-max [94.6K]

The Cost of Quality Report is as follows:

Quality Cost Quality Percentage of Percentage of

Classification Cost Quality Cost Total Sales

Prevention $98,600 20% ($98,600/$493,000) 3.4%

Appraisal 49,300 10% ($49,300/$493,000) 1.7%

Internal Failure 246,500 50% ($246,500/$493,000) 8.5%

External Failure 98,600 20% ($98,600/$493,000) 3.4%

Total Quality Costs $493,000 100% 17.0%

Data and Calculations:

Inspecting cleanliness of rooms $49,300 (Appraisal)

Processing lost customer reservations 98,600 (External failure)

Rework incorrectly prepared room service meal 246,500 (Internal failure)

Employee training 98,600 (Prevention)

Total $493,000

Sales $2,900,000

Percentage of Quality Cost = Quality Cost/Total Quality Cost * 100

Percentage of Total Sales = Quality Cost/Total Sales * 100

Thus, the cost of quality report is an appraisal of how the hotel uses its resources to prevent poor quality, including its internal and external failures.

Learn more about cost of quality report here: brainly.com/question/23775957

4 0

3 years ago

Colgate-Palmolive Company reports the following balances in its retained earnings.

Dafna11 [192]

Answer:

a. $1,028 million

b. 46.7%

Explanation:

a. Dividends are taken from the retained earnings and net income is added to the retained earnings. The formula for ending retained earnings is;

Ending retained earnings = Opening Retained earnings + Net Income - Dividends

14,329 = 13,157 + 2,200 - Dividends

Dividends = 13,157 + 2,200 - 14,329

Dividends = $1,028 million

b. Dividends as a percentage of income

= 1,028/2,200

= 0.467

= 46.7%

3 0

3 years ago

Bear Tracks, Inc., has current assets of $2,310, net fixed assets of $10,700, current liabilities of $1,420, and long-term debt

laiz [17]

Answer:

The more you sell the more you will earn :)

Explanation:

3 0

3 years ago