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3 years ago

President's salaries, depreciation of office furniture, and office supplies are

1 answer:

6 0

These are administrative expenses. These expenses are not directly tied to sales or production, but they are still cash outlays nonetheless and need to be accounted for. They are related to the entire company, in comparison to expenses that can be pinned to specific parts of the business.

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Company X's current assets increased by $40 million from 2007 to 2008, while the company's current liabilities increased by $25

Virty [35]

Answer:

b. An increase of $15 million

Explanation:

The computation of the cash impact of the change in working capital is shown below:

As we know that

Working capital = Current assets - current liabilities

So, the change in working capital is

= Increase in current assets - increased in current liabilities

= $40 million - $25 million

= $15 million

Hence, the b option is correct

7 0

3 years ago

McCarthy Company has inventory... McCarthy Company has inventory of 8 units at a cost of $200 each on October 1. On October 2, i

KatRina [158]

Answer:

Ending inventory= $3,485

Explanation:

Giving the following information:

Beginning inventory= 8 units for $200 each

On October 2= purchased 20 units at $205 each.

11 units are sold on October 4.

under the FIFO (first-in, first-out) inventory method, the ending inventory is calculated using the cost of the last units incorporated into inventory.

Ending inventory= 17*205= $3,485

6 0

3 years ago

Neon Electronics Inc. sourced touch screens required for its tablet computers, cell phones, and televisions from a manufacturer

Nataly_w [17]

Answer:

C. backward vertical integration

Explanation:

Vertical integration is one in which the supply chain of a clothe producing company is owned by the

Backward integration is a type of vertical integration in which a firms starts to fill in the role it once designated to another in the manufacturing of its product. Backward vertical integration would see a company buying another to fulfill its needs as regarding production.

From the above question, it can be seen that due to the inability of the china firm to meet up with Neon Electronics Inc; it started to produce the touchscreens needed for the tablet computers.

Cheers.

3 0

3 years ago

Respect for an able leader's decisions goal attainment and customer satisfaction are examples of

quester [9]

Respect for an able leaders goal accomplishments, decisions and customer satisfaction is an example of appreciation of the leader's fine qualities and showing that the leader is carrying out his performance according to his/her expectations of what being a leader is.

5 0

3 years ago

Shane is looking for ways to get more capital for his appliance sales and service business. he is very protective of his company

Nitella [24]

Shane, who is interested in new ways to get more capital for his business that sells and services appliances, is highly protective of his company's information and often worries that it may fall into the wrong hands. With this state of mind, Shane is likely not interested in incorporating his money

6 0

3 years ago