Answer:
a. Amount of operating expenses recognized during the accounting period = Account payable closing balance + Cash payment - Opening balance
= $25,000 + $40,000 - $2,000
= $63,000
b. Net income earned during the accounting period = Cash revenue - Amount of operating expenses recognized
= $85,000 - $63,000
= $22,000
C. Amount of cash flow from operating activities = Net income + Increase in current liability
= $22,000 + ($25,000 - $2,000)
= $45,000
Answer:
The firm's output prices will increase, because will the firm can quickly adjusts the prices of goods to the new price level of 110, it will not have to do so with wages, since wages are fixed by a year contract.
This will result in comparatively lower labor costs with higher prices at the same time, which will likely result in more economic and accounting profit for the firm.
The opposite effect will be felt by workers, whose wage is not keeping up with inflation, meaning that their income is losing purchasing power.
<span>The answer is
that the taxes would be reduced by the following procedure;</span>
(Tax
deduction) * (Tax rate) = Your Answer
Applying this
formula;
<span>$1000 x 25% </span>
= (?)
<span>$1000 x 25/100 = $<span>250
</span></span>
<span>So the answer is that his taxes would be
reduced by
“$250”.</span>
<span><span>
Hope that is helpful :)</span></span>
Answer:
total $3.36
Explanation:
required for producing 50 gallons of wine:
2,400 ounces of grape concentrate at $0.01 per ounce = $24 / 50 = $0.48 x 1.04 = $0.50
54 pounds of granulated sugar at $0.50 per pound = $27 / 50 = $0.54 x 1.1 = $0.59
60 lemons at $0.80 each = $48 / 50 = $0.96 x 1.25 = $1.20
100 yeast tablets at $0.21 each = $21 / 50 = $0.42
100 nutrient tablets at $0.14 each = $14 / 50 = $0.28
3,700 ounces of water at $0.005 per ounce = $18.50 / 50 = $0.37
Hank estimates that 4% of the grape concentrate is wasted, 10% of the sugar is lost, and 25% of the lemons cannot be used.
total standard cost per gallon:
- grape concentrate = $0.50
- granulated sugar = $0.59
- lemons = $1.20
- yeast tablets = $0.42
- nutrient tablets = $0.28
- water = $0.37
- total $3.36
Answer:
D. 20 days
Explanation:
Daily usage rate: 50 kg each day
Order size: 1,000 kg
lead time: 4 days
Since the question just wants to know the length of an order cycle, all of the monetary information can be disregarded.
The company must maintain a stock, at the time of order, big enough to supply production during the lead time. Minimum stock should be:
Therefore, the company must reorder when stock reaches 200 kg. The length of the order cycle is the number of days for the company to reach minimum stock added to the order lead time:
