I rather forgot it but i guess its A
Answer:
C. Debit to cash
D. Credit to notes receivable
Explanation:
When a company received money for previous sales, the following entry is required -
Debit Cash XXXX
Credit Accounts/Notes receivable XXXX
In that case, as Davis sold Weber equipment with an agreement of notes because of long-term payment, they treated the sale as a note receivable. Whenever the subsequent payment occurred, the entry to record the journal -
Debit to cash and Credit to notes receivable. Therefore, options C and D are both correct.
Answer:
The correct answer is $70
Explanation:
Giving the following information:
$40.00 of direct materials
includes 20 parts
requires 5 hours of machine time.
Activity (Allocation Base) - Cost Allocation Rate
Materials handling (Number of parts) - $0.50 per part
Machining (Machine hours) - $14.00 per machine hour
Assembling (Number of parts) - $1.00 per part
Packaging (Number of finished units) - $2.00 per finished unit
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Machining= 14*5hours= $70
Answer:
$43,000
Explanation:
Implicit cost or opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives
by starting his business, he forgoes the opportunity to earn 43k
Answer:
Free cash flow will be equal to $18513000
Explanation:
We have given cash provided for operating activities = $155793000
Capital expenditure = $132280000
Dividend paid = $5000000
We have to find the free cash flow
We know that free cash flow is given by
Free cash flow = cash provided for operating activities - capital expenditure - dividend paid = $155793000-$132280000-$5000000 = $18513000
