Answer:
a. 56%
b. 62%
Explanation:
a. Janitorial costs are allocated based on square feet.
Assembly Department Square feet = 42,560
Total area for both departments = 42,560 + 33,440 = $76,000
Percentage of costs
= 42,560/ 76,000
= 56%
b. Security costs are allocated based on asset value.
Cutting Department Asset Value = $126,480
Total asset value for both departments = 77,520 + 126,480 = $204,000
Percentage of costs
= 126,480/ 204,000
= 62%
Answer: Cash inflows include the transfer of funds to a company from another party as a result of core operations, investments or financing. Such cash inflows include payments to the company by customers and banks and the contribution of equity by investors who purchase the company’s stock or partial ownership in a company.
Cash outflows include the transfer of funds by a company to another party. Such cash outflows include payments to business partners including employees, suppliers or creditors. Cash outflows also occur when long-term assets are acquired, investments are purchased, or settlements and expenses are paid.
Answer:
the Days sales outstanding is 49 days
Explanation:
The computation of the days sales outstanding is shown below:
Days sales outstanding is
= Average accounts receivable ÷ Credit sales × 365 days
= (($520.2 million + $486.6 million) ÷ 2) ÷ $3,749.9 million × 365 days
= 49 Days
hence, the Days sales outstanding is 49 days
We simply applied the above formula so that the correct value could come
And, the same is to be considered
<span>Credit that is automatically renewed as debts are paid off.</span>
Answer:
b. $7,200,000
Explanation:
Common stock of $5,400,000
Retained earnings of $2,000,000
Unrealized losses on available-for-sale securities (<u>$200,000) </u>
Stockholders' Equity $7,200,000
Unrealized gains on trading securities of $100,000 is not being added to the stockholders equity because it has been charges in profit and Loss statement and it is reflected in the net Income which is already been included in retained earning. Only Unrealized losses on available-for-sale securities of 200,000 is reported in the Stockholder's equity under separate head in the balance sheet.
