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steposvetlana [31]
3 years ago
5

It is to say that Blue Hamster’s net inflows and outflows of cash at the end of Years 1 and 2 are equal to the company’s annual

contribution to retained earnings, $4,194,250 and $5,121,531, respectively. This is because all of the items reported in the income statement involve payments and receipts of cash.
Business
1 answer:
Elanso [62]3 years ago
6 0

It is <u>correct </u>to say that Blue Hamster’s net inflows and outflows of cash at the end of Years 1 and 2 are equal to the company’s annual contribution to retained earnings, $4,194,250 and $5,121,531, respectively. This is because <u>all of the items</u> reported in the income statement involve payments and receipts of cash.

<u>Explanation:</u>

Inflow of the company is the income of the company that it gets from the sale of the goods and the services that have been produced by the company by using raw material, labor and so on.

Outflow of the company is the expenditures and costs that the company makes on the production of the goods and services that are to be sold by the company to it's clients to earn revenue. The main purpose of the company is to increase it's inflows as much as possible.

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Answer:

$3,483.17

Explanation:

Calculation for the amount of cost allocated to the Cafeteria under the step method

Using this formula

Allocation to Cafeteria=[Cafeteria/(Cafeteria+Producing Department A+Producing Department B)]×Budgeted costs

Let plug in the formula

Allocation to Cafeteria=[25/(25 + 308 + 287)] x $72,450

Allocation to Cafeteria=(25/520)×$72,450

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2 years ago
Evelyn, who owns and operates Eve's Farm &amp; Garden Company, agrees to sell Hill &amp; Dale Produce, Inc., fifty bushels of ap
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Answer:

The correct answer is:

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These two groups make up the first 3000 families, and the highest income in the group is $20,000.

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