Answer:
Cash Flow Statement
Cash Flow from Operating Activities
Cash received from customers $42,600
Cash payment to salaries -$23,400
Cash used for purchase of office supplies -$1,600
Office rent paid -$11,400
Payment for office utilities <u>-$3,700</u>
Net Cash Inflow from Operating activities <u>$2,500</u>
Answer:
$2,150
Explanation:
Total variable overhead estimated:
= Variable manufacturing overhead per machine-hour × Total machine-hours
= $5 × 30,400
= $152,000
Total overhead estimated:
= Total variable overhead estimated + Total fixed manufacturing overhead cost
= $152,000 + $ 425,600
= $577,600
Predetermined overhead rate:
= Total overhead estimated ÷ Total machine-hours
= $577,600 ÷ 30,400
= $19 per machine hour
Total overhead applied:
= Predetermined overhead rate × Total machine-hours
= $19 per machine hour × 20
= $380
Total job cost:
= Direct material + Direct labor + Total overhead
= $590 + $1,180 + $380
= $2,150
Answer:
The correct answer is d. accounting cycle.
Explanation:
The accounting cycle, also known as the accounting process or registration flow, is the period in which the Company chronologically and reliably records each transaction in its respective Daily Book in order to analyze, prepare and prepare financial information.
The accounting process is made up of all the steps that must be followed since an accounting event occurs until it is introduced into the system and, therefore, is reflected in the financial statements.
The stages of the accounting cycle begin with the identification of the accounting fact, such as with a sale of merchandise. The next step is to generate an accounting document that supports this transaction and allows it to be reflected in quantified accounting in monetary units and with a specific date.
Once this document is generated (delivery note or invoice) the operation is recorded in the Daily Book. At the end of the accounting cycle, which is usually from January to December, the transactions are transferred to the general ledger. After some regularizations (amortizations, reclassifications between short term and long term, calculation of the result, etc.) the accounting is closed to generate the final financial statements.
Based on the calculation below, incremental after-tax operating cash flow is $675,000
<h3>How to calculate incremental after-tax operating cash flow</h3>
This can be calculated as follows:
Profit before interest and tax = Revenue - Operating costs – Depreciation = $1,000,000 - $200,000 - $300,000 = $500,000
Operating income = Profit before tax – (Profit before tax * Tax rate) = $500,000 – ($500,000 * 25%) = $375,000
Therefore, we have:
Incremental after-tax operating cash flow = Operating income + Depreciation = $375,000 + $300,000 = $675,000
Learn more about cash flows here: brainly.com/question/18301011.
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