Answer:
Factory overhead= $22,900
Explanation:
Giving the following information:
Direct materials $15,200
Indirect materials 3,200
Indirect labor 7,700
Factory depreciation 12,000
Direct labor 36,200
<u>Factory overhead is all the indirect costs related to production. In this case:</u>
Factory overhead= indirect materials + indirect labor + factory depreciation
Factory overhead= 3,200 + 7,700 + 12,000
Factory overhead= $22,900
Answer:
see below
Explanation:
1. Private Limited Company
A private limited company is an acknowledged legal entity whose shares are held privately by the founders. The shareholders are the owners. They are not allowed to trade their shares to the public through the security exchange. SHINING STAR BUS COMPANY (PTY) Ltd is currently a limited private company. Transfer of shares has to be between the existing shareholders, the bus company, and requires authorization. The shareholders have limited liability to the company's debts and are entitled to a share in the company profits.
2. Public Limited Company
A public limited company is recognized as a legal and separate entity from its owners. Unlike a private limited company, the shares of a public limited company are traded in the security exchange markets. It means ownership of a public company is open to the public. The management of SHINING STAR BUS COMPANY (PTY) Ltd wants to convert it to a public limited company. After the conversion, its shares will be traded at the Johannesburg Security Exchange(JSE).
Answer: $351,000
Explanation:
Given that,
Cost of inventory = $350,000
Selling price = $675,000
Beginning balance of inventory = $86,000
Beginning balance of accounts payable = $116,000
ending balance of inventory = $94,000
ending balance of accounts payable = $123,000
Cash paid to suppliers:
= Cost of Goods Sold + Change in inventory - Change in accounts payable
= 350,000 + (94,000-86,000) - (123,000-116,000)
= 350,000 + 8,000 - 7,000
= $351,000
Answer:
a) savings equals investment spending.
Explanation:
Savings is the part of the income that is not used and investment is money that is spent on capital. Savings-investment spending identity is a concept that says that the amount saved in an economy equals the amount invested. This because investments depend on the amount of savings available.
