Solution :
We calculate the advances form the customer to be reported as the current liability as on Dec. 31, 2009 in the balance sheet as follows :
<u> Particulars </u> <u> Amount ($)</u>
Customer advances the balance Dec 31, 2008 110
Add : advances that is received with 2009 orders is 195
Less : advances applicable to the orders in 2009 -180
Less : advances from orders that are canceled in 2009 <u> -45 </u>
Advances from the customers liability Dec. 31, 2009 80
Therefore, the advance from the customer to be reported in the balance sheet as the current liability is $80.
Answer:
Instructions are listed below.
Explanation:
Giving the following information:
Each unit requires 0.25 direct labor-hours and direct laborers are paid $14.00 per hour. In addition, the variable manufacturing overhead rate is $1.60 per direct labor-hour. The fixed manufacturing overhead is $95,000 per quarter.
Direct labor per unit= 0.25*14= $3.5
Direct labor equation= 3.5*x
x= units produced
For example:
100 units
Direct labor= 3.5*100= $350
A a boundary point or network boundary point, a demarcation point is the physical point at which the public network of a telecommunications company ends and the private network of a customer begins.
Answer:
The answer is
1. -$96 million
2. 0.52:1
Explanation:
1. Working capital = total current assets - total current liabilities
Current assets:
Cash. $ 31.9 million
Accounts receivable $21.0 million
Inventory $28.1 million
Other current assets. $23.0 milllion
Total current assets $104.0 million
And current liabilities is$200.0 million
Therefore, working capital is:
$104 - $200
= -$96 million
2. Current ratio = current assets/current liabilities
$104 million / 200 miliion
=0.52:1
