Answer:
Net Increase in cash = $124,200
Explanation:
Note: The correct value for Year 2021 inventory is $510,300 not $10,300.
Also note: See the attached excel file for the statement of cash flows for 2022.
In the attached excel file, the following workings are used:
Workings:
w.1: Increase in accounts receivable = Account receivable in 2022 - Account receivable in 2021 = $237,600 - $205,200 = $32,400
w.2: Decrease in inventory = Inventory in 2022 - Inventory in 2021 = $450,900 - $510,300 = -$59,400
w.3: Decrease in accounts payable = Accounts receivable 2022 - Accounts receivable 2021 = $105,300 - $116,100 = -$10,800
w.4: Disposal of land = Land in 2021 - Land in 2022 = $270,000 - $216,000 = $54,000
w.5: Purchase of equipment = Equipment in 2022 - Equipment in 2021 = $702,000 - $540,000 = $162,000
First to get the answer your self all you need to do is divide 7 in to how many hours then boom you got the answer
Answer:
$810,000
Explanation:
The computation is shown below:
The increase in fixed cost is
= Salary of each sales representative × number of sales representatives hired
= $45,000 × 18
= $810,000
Now the increase in sales needed for break even is
= Increase in fixed cost ÷ Contribution margin ratio
= $810,000 ÷ 30%
= $2,700,000
As we know that break even sales is computed by dividing the fixed cost by the contribution margin ratio and we applied the same
Answer: Capital gain = $10,000 ; Ordinary income = $25,000
Explanation:
Here is the complete question:
The PLM Partnership balance sheet includes the following assets on December 31 of the current year:
Basis FMV
Cash $230,000 $230,000
Accounts receivable 0 75000
Land 70,000 100,000
Total $300,000 $405,000
Pamela, a 1/3 partner, has an adjusted basis of $100,000 for her partnership interest. If Pamela sells her entire partnership interest to Emma for $135,000 cash, how much capital gain and ordinary income must Pamela recognize from the sale?
The following can be calculated based on the question above:
Pamela's share of the unrealized receivables will be the ordinary income which will be the unrealized receivables of $75000 which is then multiplied by 1/3 which is the interest. This will be:
Ordinary income = 1/3 × $75,00
= $25,000
The capital gain will be the difference that occurs between total gain and ordinary income.
Total gain difference
= $135,000 - $100,000
= $35,000
Ordinary Income = $25,000
Capital gain = $35,000 - $25,000
= $10,000
Answer:
A) Raw materials used
B) Raw materials beginning inventory
C) Raw materials purchases
Explanation:
When we are calculating the cost of goods sold, we must calculate total direct materials used + total direct labor + overhead overhead costs applied.
To calculate how much direct (raw and intermediate) materials are used, we start with our beginning inventory of (raw and intermediate) materials + purchases of (raw and intermediate) materials - ending inventory of raw materials - indirect materials used.
Some industries only calculate raw materials used, but others might include intermediate components in the equation.
