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Answer:
Technical profession is a highly skill based profession in which a practical knowledge is required.Example:engineering in civil,mechanical,computer e.t.c.
Answer:
$15,000
Explanation:
Calculation for Usher Sports Shop’s cash flow from operations for 2018
Cash flows from investing activities $440,000
Less Cash flows from financing activities ($450,000)
Less Net change in cash and marketable securities ($25,000)
($625,000-$600,000)
Cash flow from operations for 2018 $15,000
Therefore Usher Sports Shop’s cash flow from operations for 2018 will be $15,000
Answer:
-The lessee reports a single amount of lease expense, which is equal to interest expense plus amortization expense, in its income statement.
-The lessor reports a single amount of lease revenue, which is equal to interest revenue plus amortization revenue, in its income statement.
-The lessee reports lease expense on a straight-line basis and the lessor reports lease revenue on a straight-line basis over the lease term.
Explanation:
The mode of reporting in an operating lease is slightly different from that in a finance lease. For example, the lessor can use a straight-line form of reporting he revenue while the lessee can use a straight-line form of reporting the expense for the given term of the lease. The lessee and lessor usually report expense and revenue respectively.
Answer:
$3,200 overapplied
Explanation:
The computation of the total underapplied or overapplied factory overhead is shown below:
Given that
Actual total factory overhead costs incurred is $45,400
Now Overhead applied to production
= (Total factory overhead application rate per standard DLH × Standard direct labor hours allowed)
= $2.70 × 18,000
= $48,600
As we can see that the overhead applied amount is more than the actual amount so the overhead cost would be overapplied i.e.
= $48,600 - $45,400
= $3,200 overapplied
