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3 years ago

Which financial statement is prepared first?

Business

2 answers:

antiseptic1488 [7]3 years ago

6 0

The answer to your question is "Income Statement"

levacccp [35]3 years ago

5 0

The income statement is prepared first

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Use the statistics and probabilities that you compile to make a prediction about which team will win.

Triss [41]

Can’t see the question?

4 0

3 years ago

What is product positioning?

Kruka [31]

Product positioning is the process of deciding and communicating how you want your market to think and feel about your product

3 0

3 years ago

Neef Corporation has provided the following data for its two most recent years of operation: Selling price per unit Manufacturin

Luden [163]

Answer:

C. The amount of fixed manufacturing overhead released from inventories is $12,000

Explanation:

Fixed manufacturing overhead in year 1 = $432,000

Production of units in Year 1 = 12,000 units

Thus, fixed manufacturing overhead per unit in year 1 = $432,000 / 12,000 units = $36 per unit

Inventory at the end of year 1 = 3,000 units

Fixed manufacturing overhead deferred in year 1 = 3000 units * $36 per unit = $108,000

Now, lets calculate for year 2:

Production units: 9000 units

Fixed manufacturing overhead per unit in year 2 : $432,000 / 9,000 units = $48 per unit

Fixed manufacturing overhead in closing inventory = 2000 units * 48 = $96,000

Fixed manufacturing overhead released from inventory = Fixed manufacturing overhead in beginning inventory - Fixed manufacturing overhead in ending inventory

Now, applying the formula (as stated above) for calculating fixed manufacturing overhead released from inventory in year 2:

Fixed manufacturing overhead (FMOH) released from inventory in year 2 = FMOH in year 1 - FMOH in year 2

= $108,000 - $96,000 =

= $12,000.

7 0

3 years ago

In __________, the distinction between the working and the nonworking poor is not just about those who have jobs and those who d

Vsevolod [243]

Answer:

In politics, the distinction between the working and the nonworking poor is not just about those who have jobs and those who do not, but about those who deserve help versus those who don’t. Supposedly, the nonworking could work but choose not to. Sociologically, however, the line between the working and nonworking poor does not mean a great deal, since families cross it often, as breadwinners gain or lose employment.

Explanation:

The reason is that the politics which is the science of governing a country, says that the poor is not the one who doesn't have any job because rich people usually have their own business which earns millions of dollars and the owners don't bother whether the profit has grown or has decreased from the previous year. So the poor is the one who needs help whether he is working or not because during recession period many middle class families usually fall below the middle class family benchmark.

Furthermore, this distinction line is often crossed by families if the breadwinner who pays the utility bills, rentals, food expenses, fees, etc gets jobless. So this distinction line is not that useful as deemed. It is also harder for the researcher to define help.

8 0

3 years ago

Pharoah Corporation had the following activities in 2020.

Anastasy [175]

Answer:

-$315,000

Explanation:

Computation for the amount that Pharoah should report as net cash provided (used) by investing activities in its 2020 statement of cash flows

Sale of land $174,000

Less Purchase of equipment ($426,000)

Less Purchase of available-for-sale debt securities ($63,000)

Net cash provided (used) by investing activities -$315,000

Therefore the amount that Pharoah should report as net cash provided (used) by investing activities in its 2020 statement of cash flows will be -$315,000

8 0

3 years ago