Answer:
$3693 million
Explanation: The materials used in the primary stage of production is called
raw materials. These are the basic materials used for production.
.
Raw material used is the amount of raw materials consumed by the entity
in a specific period , generally a year .
.
Raw materials used = begining invetory + purchased inventory - ending invetory
therefore,
Raw materials used = $902 million + $3646 million - $855 million
= $3693 million
Answer:
Net cash Provided by Operating activities = $416000
Explanation:
Using indirect method for Cash flow from operating activities we use following steps to get value of net cash provided by operating activities.
Net income $400000
Add: Depreciation $104000
Less: Gain on Sale of Land -$148000
Less: Increase in Accounts Receivable -$80000
Less: Increase in Inventory -$60000
Add: Increase in Accounts Payable $200000
Net Cash Provided by operating activities $416000
Answer:
present value of perpetuity = $29615.93
Explanation:
given data
pay = $300 per year
interest rate = 3%
solution
we get here present value payment after 5 year is
present value = 
...........1
present value = 
present value = $862.60
and
now we get present value on purchase date
present value = 
......2
present value = 
present value = $28753.33
and
present value of perpetuity is
present value of perpetuity = $862.60 + $28753.33
present value of perpetuity = $29615.93
Answer:
Missing word <em>"a. Direct labor usage. b. Indirect labor usage. c. Total payroll paid in cash. Prepare journal entries for the above transactions for the month of May"</em>
<em />
S/n General Journal Debit Credit
a Work in Process inventory $265,000
($345,000 - $80,000)
Factory wages payable $265,000
(To record for Direct labor usage)
b Factory overhead $80,000
Factory wages payable $80,000
(To record for Indirect labor usage)
c Factory wages payable $345,000
Cash $345,000
(To record for Total payroll paid in cash)
Both of the president are not good president to be honest
