Answer:
b. $250.7 million
Explanation:
Cash flow from operations is obtained from Cash flow from Operating Activity Section when the Indirect Method is used to prepare that section as follows :
<u>Cash flow from Operating Activity</u>
Net income before taxation 134.50
Adjustment for Non- Cash Items :
Depreciation expense 43.20
Adjustment for Working Capital Items :
Increase in Accounts payable 10.00
Increase in Accounts receivable (7.60)
Increase in Inventory (10.60)
Increase in Current portion of debt 61.00
Decrease in Pre-paid expenses 15.00
Increase in Accrued wages 4.70
Cash Generated from Operations 250.20
Answer:
The first 40 hours of payment will be payed at $10.5 per which will amount to a total of $420 and his last 5 hours he will be payed at $13 which will amount to a total of $65.
So his total earning for the 45 hours of work are $485
Explanation:
Approximately 80 percent of the united states labor force is involved in providing services.
Answer:
The cost of goods manufactured for June was $139,000
Explanation:
The cost of goods manufactured for June was shown below:
= Opening work in progress + direct material cost + direct labor cost + manufacturing overhead cost applied to work in progress - ending work in progress
= $22,000 + $55,000 + $28,000 + $51,000 - $17,000
= $139,000
The actual manufacturing overhead cost is irrelevant as it is not related to the work in progress that's why it is not be considered in calculation part.
Hence, The cost of goods manufactured for June was $139,000
