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1 year ago

The direct method presents a summary of all operating transactions that result in either a debit or credit to the.

1 answer:

7 0

The direct method defines a summary of all operating transactions that causes either a debit or credit to the cash.

The direct method is one of two accounting mechanisms used to produce a cash flow statement. The cash flow statement of the direct method uses actual cash outflows and inflows from the enterprise's operations, rather than modifying the operating section from accrual accounting to a cash basis. Accrual accounting determines revenue when it is earned versus when the payment is received from a client.

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Bennette Corporation has provided the following data concerning its overhead costs for the coming year: Wages and salaries $540,

ollegr [7]

The activity rate for the Order Processing activity cost pool is closest to

542

Explanation:

Given that ,

Wages and salaries $540,000

Depreciation $220,000

Rent $240,000

Cost pool for order processing activity

Activity Cost Pools= 30% 25% 45%

= (540,000*30%) +(220,000*25%)+(240,000*45%)

= (162000)+(55000)+(108000)

=325000

Hence ,the Cost pool for order processing activity =325000

We know that the formula for

Activity rate = Cost pool/Total activity

Activity Cost Pool Total Activity Assembly 40,000 labor-hours Order processing 600 orders

= 325,000/600

= 542

The activity rate for the Order Processing activity cost pool is closest to

542

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3 years ago

Last winter, a guest at a nearby motel fell through the ice and was not rescued in time. The motel’s name was included in news c

kaheart [24]

They should sell the info and make that cash cash money

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4 years ago

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explain how the looting of shops and malls will affect businesses in terms of the relationship between social responsibility and

ololo11 [35]

The main purpose of a business is to make profit. A businessmen will feel secure to operate his business activities in a country where he feels himself and his business activities secure.

When the shops and malls are looted in a country, the businessmen will have feeling of insecurity and so they will shut down their business activities because whatever profits they make from running business, it is looted by robbers.

There is always some social responsibility of the citizens that even in case of emergency situations they should not be unethical activities and indulge in criminal activities.

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8 0

3 years ago

Marsha is working part-time at a restaurant. She makes an average of $200 per week and her parents send her a monthly allowance

Alex17521 [72]

If She makes an average of $200 per week and her parents send her a monthly allowance of $100. Her net income is $113.

<h3> Income Statement </h3>

Marsha’s Income Statement for the current month

Income $900

[($200 per week×4 weeks)+$100]

Total Income $900

Expenses:

Cell phone $62.00

Gas, $100.00

Food $200.00

Entertainment $100.00

Car payment $200.00

Insurance $125.00

Total expenses $787

Net income $113

($900-$787)

Therefore her net income is $113.

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2 years ago

You receive an email that you have won $100. For the company to transfer the money to your account, they need access to your ban

Sophie [7]

Answer:

Explanation:

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3 years ago