Answer:
The total cash collected during January by LaGrange Corporation would be: $192,000
Explanation:
Total Credit Sales in December of the current year = $63,000/45% = $140,000
The total cash collected during January = Cash sales of January + 55% x Credit sales of January + 40% x Credit sales of December + uncollected November sales
The LaGrange Corporation has Cash sales of January of $40,000 and Credit sales of January of $140,000, uncollected November sales of $19,000
The total cash collected during January = $40,000 + 55% x $140,000 + 40% x $140,000 + $19,000 = $192,000
Answer:
The correct answer is letter "A": operating activities.
Explanation:
Operating Activities are the daily processes conducted by a company to generate income. They pertain to the company's core business activity such as sales and manufacturing and they provide most of the cash flow that determines whether a business is profitable.
When it comes to the Financial Statements the situation is not different. Interest payments to lenders and other creditors can be part of the day to day activity of a company. That is the reason why they are recorded in the operating activities section.
Answer:
The company's plantwide overhead rate is 21.19%
Explanation:
given information:
indirect labor = $8,320,000
factory utilities = $155,500
machine hours = 400,000
to calculate the overhead rate, we can use the following formula
in this case.
the indirect cost = indirect labor + factory utilities
= $8,320,000 + $155,500
= $8,475,500
allocation measure = 400,000
thus,
= 21.19%
Answer:
Grant the employee's motion, because fraud and misconduct of an adverse party are proper grounds for relief, and she filed within the appropriate time frame.
Explanation:
An employee sued her employer in federal court for sexual harassment. The jury returned a verdict in favor of the employer. Three months after the verdict, the employee's attorney received an anonymous letter stating that a key document presented at trial by the employer had been altered. The employee moved for relief from judgment, alleging that a document presented by her employer at trial had been altered. Grant the employee's motion, because fraud and misconduct of an adverse party are proper grounds for relief, and she filed within the appropriate time frame.
