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3 years ago

The ________ section of the statement of cash flows includes increases and decreases in long-term assets.

1 answer:

6 0

The investment activities section of the statement of cash flows includes increases and decreases in long-term assets.

Long-term assets are investment based activities which included equipment used in a business and the building thats built for a business to run in. If you were to sell your long-term assets and make a profit, this would also but included in the investment activities section of the state of cash flows.

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a consumer faces a tradeoff between labor (????) and leisure (????). she consumes a composite good (????). when the consumer wor

disa [49]

Trade-off

A trade-off is a situational decision in which one quality, quantity, or feature of a set or design is reduced or lost in exchange for gains in other areas. A tradeoff occurs when one thing increases while another must decline.

What is consumer's real wage?

Real earnings are salaries that have been factoring in inflation, or wages in perspective of the amount of services and goods that may be purchased.

Main Content

$606

Given the answers to the question, the complete or implicit income of the consumer would be determined as follows:

When the customer works, she earns an hourly wage of $17.00, therefore when she works for 24 hours, she will earn:

=$17 $\times$ 24

=$408

Also, when the customer sells all the 17 units of the composite good, she will earn:

=$11 $\times$ 18

=$198

Therefore, the customer's full income would be:

=$408+$198

=$606

To learn more about Trade-off

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6 0

1 year ago

In the past, Taylor Industries has used a fixed−time period inventory system that involved taking a complete inventory count of

N76 [4]

Answer:

a) Taylor Industries can successfully cut back its labor cost in inventory stockrooms by counting only high-value items. These items are determined by reference to their Annual Usage values. The items' annual usage values should be used as the activity cost pool for accumulating and allocating labor cost in inventory stockrooms. Taylor Industries can establish a benchmark or cutoff point so that only the items meeting this benchmark are counted. For example, the items with annual usage value above $5,000 should be included in the items to be counted. This strategy will reduce the number of items to be counted and therefore the labor cost.

b) Since item 15 is critical to Taylor Industries' continued operations, it should be classified as a direct materials cost and not an overhead cost.

Explanation:

a) Data and Calculations:

a random sample of 20 of Taylor's items:

ITEM NUMBER ANNUAL USAGE ITEM NUMBER ANNUAL USAGE

1 $ 1,500 11 $ 13,000

2 12,000 12 600

3 2,200 13 42,000

4 50,000 14 9,900

5 9,600 15 1,200

6 750 16 10,200

7 2,000 17 4,000

8 11,000 18 61,000

9 800 19 3,500

10 15,000 20 2,900

Average annual usage value = $12,657.50

4 0

3 years ago

River Falls Manufacturing uses a normal cost system and had the following data available for 2018: Direct materials purchased on

PtichkaEL [24]

Answer:

The ending balance of work-in-process inventory is $64,000

Explanation:

Opening Raw Material = $34,000

Opening WIP Inventory = $70,000

Opening Finished Goods Inventory = $55,000

Raw material purchased = $148,000

Raw materials requisitioned = $88,000

Closing Raw Material = Opening + Purchase - Requisitioned

= $34,000 + $148,000 - $88,000 = $94,000

Closing Finished Goods Inventory = Opening + Cost of goods produced - Cost of goods sold

= $55,000 + $299,000 - $250,000 = $104,000

Expense total incurred on goods entered for production = Material requisitioned + Labor cost incurred + Factory overhead

= $88,000 + $127,000 + $148,000 = $363,000

Out of which cost of completed goods = $299,000

Thus remaining is work in process = $363,000 - $299,000 = $64,000

That is Closing WIP Inventory = $64,000

Note: It is obvious that the expense of labor and overheads incurred in this period includes expense incurred to convert opening WIP in to finished goods and the balance is closing WIP.

The ending balance of work-in-process inventory is $64,000

5 0

3 years ago

Dunbarn Co. had the following activities during the year: Purchase of inventory $120,000 Purchase of equipment 80,000 Purchase o

aleksklad [387]

Answer:

cash used by investing activities 60,000

Explanation:

Operating:

purchase of inventory (120,000)

Investing:

acquisition of available-for-sale securities: (60,000)

Financing:

Issuance of common stock 150,000

Purchase of treasury stock (70,000)

The investing activities will be those which represent a use of cash in securities, shares and note receivables and the cash inflow generate from this investment.

5 0

3 years ago

Read 2 more answers

QUESTION 2 / 10

mash [69]

A. Would be the best answer

3 0

3 years ago

The​ ________ section of the statement of cash flows includes increases and decreases in​ long-term assets.

The ________ section of the statement of cash flows includes increases and decreases in long-term assets.