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3 years ago

________ costs are costs that limit the occurrence of defects and imperfections. prevention failure process assessment appraisal

1 answer:

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Process costs are costs that limit the occurrence of defects and imperfections. Process costing is an accounting methodology that traces and accumulates direct costs, and allocates indirect costs of a manufacturing process. ... It is a method of assigning costs to units of production in companies producing large quantities of homogeneous products.

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You have taken out a $225,000, 3/1 ARM. The initial rate of 5.8% (annual) is locked in for three years and is expected to increa

RoseWind [281]

Answer:

$1,320.19

Explanation:

Loan amount = $225,000

Rate = 5.80%

Years = 30

PMT = ?

Initial payment = PMT(Rate/12, Years*12, -225,000)

Initial payment = PMT(5.80%/12, 360, -225,000)

Initial payment = 1320.185230439806

Initial payment = $1,320.19

Therefore, the initial payment on the loan is $1,320.19

8 0

2 years ago

The net income reported on the income statement for the current year was $210,000. Depreciation recorded on equipment and a buil

Lana71 [14]

Answer:

Cash flows from operating activities section

Amount in $

Net income 210,000.00

Depreciation 62,500.00

Change in Accounts Receivable -2,400.00

Change in Inventories 13,500.00

Change in Prepaid Expenses -600.00

Change in Accounts Payable 3,800.00

Change in Salaries Payable -750.00

Cash flows from operating activities  286,050.00

Explanation:

The operating activities includes net income, depreciation and changes in current assets and current liabilities. The depreciation as a non-cash item is added back in the cash flows statement.

An increase in current assets represents an outflow of cash hence the negative value and vice versa. The increase in current liabilities represents an inflow of cash hence it is positive and vice versa. Below are the changes.

Amount in $ Amount in $ D ifference

Change in Accounts Receivable 71,000 73,400 (2,400.00)

Change in Inventories 140,000 126,500 13,500.00

Change in Prepaid Expenses 7,800 8,400 (600.00)

Change in Accounts Payable 62,600 66,400 3,800.00

Change in Salaries Payable 9,000 8,250 (750.00)

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3 years ago

National Art is a new business. During its first year of operations, credit sales were $40,000 and collections were credit sales

zmey [24]

Answer:

The ending balance of Allowance for Bad Debts account is $800

Explanation:

The computation of the ending balance of allowance for bad debt is shown below:

= Credit sales × uncollectible rate

= $40,000 × 2%

= $800

The estimated amount would be considered as an allowance for bad debts i.e $800, So no other amount would be come while computing the ending balance of Allowance for Bad Debts account.

However, the other information which is given in the question is not relevant. Hence, ignored it

6 0

3 years ago

Rodgers and Winter had capital balances of $60,000 and $90,000, respectively, at the beginning of the current fiscal year. The a

Bas_tet [7]

Answer:

A) Net income $110,000

Rodgers Winter

Salary allowance $25,000 $30,000

interest allowance $7,200 $10,800

(12% of capital)

split renaming income $18,500 $18,500

net income $50,700 $59,300

B) Net income $65,000

Rodgers Winter

Salary allowance $25,000 $30,000

interest allowance $4,000 $6,000

(40% of remaining income

to Rodgers and 60% to Winter)

net income $29,000 $36,000

4 0

3 years ago

Gavin tells Rod that he will pay him $400 to paint his house. Rod starts to paint, intending to accept. Halfway through his pain

natta225 [31]

Answer:

Gavin is allowed to revoke if he finds Rod's efforts half-hearted

Explanation:

given data

Gavin pay for paint his house = $400

solution

as given Gavin pay Rod for paint his house at $400 but Gavin want to revoke the offer so Either he accepts, or he does not accept the offer.

If he starts to paint the offer, and Gavin doesn't like his work, the offer may be canceled.

so scenario is Gavin is allowed to revoke if he finds Rod's efforts half-hearted

7 0

3 years ago