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Genrish500 [490]
3 years ago
5

Nature Metals Company uses the direct method to prepare its statement of cash flows. Use the following information reported for

the year 2018 to compute the cash paid to suppliers for operating expenses.
Operating expenses, $26,000
Accrued Liabilities, beginning balance, $3,000
Accrued Liabilities, ending balance, $5,000
Business
1 answer:
dem82 [27]3 years ago
8 0

Answer:

$24,000

Explanation:

Accrued Liabilities-Beginning Balance                              $3,000

Liabilities accrued for operating expenses for the year  $26,000

Less: Accrue Liabilities  -ending balance                           ($5,000)

Cash Paid to suppliers                                                          $24,000

The Cash paid to suppliers will be shown in operating activities section of direct method of cash flow statement

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gizmo_the_mogwai [7]

Answer:

a) VOH Cost variance = Actual cost - (Std cost per hr X Actual hrs worked)

= 10700 - [ (8000/1600) X (6900*0.25)]

10700 - [ 5 x 1725] = 10700-8625 = 2075 (A)

b) VOH Efficiency variance = (Actual hours - Std hours allowed) X Std price

= [(6900 x 0.25) - (0.4 x 6900)] x (8000/1600) = 5175 (A)

c) FOH Cost variance = Actual OH - Budgeted OH = 2840- [3200/4000] x 6900 = 2680 (F)

d) FOH Volume variance = Budgeted OH - Allocated OH = [1600- (0.25 X 6900)] x 3200/1600 = 250 (F)

Things to hep:

1) c is supposed to read: [ c) FOH Cost variance = Actual OH - Budgeted OH = 2840- [ (3200/4000) x 6900 ] = 2680 (F)

2) 2840 - [ (3200/4000) x 6900 ] = 2680 (F)

3 0
4 years ago
Erin promises to pay her friend Stephanie$10,000 if Stephanie refrains from eating any foods that contain animal products. Steph
Dmitrij [34]

Answer:

Yes

Explanation:

There was a valid consideration because an amount of money $10,000 was promised and clearly agreed between both parties Erin and Stephanie.

There is an enforceable contract because there was an offer and acceptance; mutual obligation and consideration, and the subject matter was not illegal.

Contracts must not be written to be enforceable. Erin and Stephanie's contract was oral and still enforceable. The question however will be if Erin is of age to be able to pay $10,000 otherwise the contract may not be enforceable or binding.

8 0
4 years ago
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Purple Company is a C corporation and the corporation pays out all of its after-tax income as a dividend to Kirsten. Note: Indiv
kifflom [539]

Answer:

Purple Corporation's after-tax income is $158,000 and Kirsten's after tax income is $136,100.

Explanation:

some information was missing, so I looked it up:

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  • corporate tax rate = 21%
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Purple's corporate tax liability = $200,000 x 21% = $42,000

Purple's after tax income = ($200,000 - $42,000) = $158,000

Since Kristen's taxable income is $146,000 (qualified dividends are included in AGI but taxed at different rate), her tax rate will be 15%. Kristen's after tax income = $$158,000 - (146,000 x 15%) = $136,100

5 0
3 years ago
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Sedaia [141]

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bezimeni [28]

Price and awareness positioning are the right response.

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to know more about buying criteria

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7 0
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