Answer:
b. $1,260,000
Explanation:
The computation of the total manufacturing cost is shown below:
= Cost of goods manufactured + ending work in process - beginning work in progress
= $1,280,000 + $60,000 - $80,000
= $1,260,000
We simply add the ending work in progress and deduct the beginning work in progress to the cost of goods manufactured so that the accurate amount can come
When the opportunity cost associated with increasing the production of one good or service in terms of another is constant at every level of production, then the production possibility frontier is Linear.
Opportunity costs address the potential advantages that an individual, financial backer, or business passes up while picking one option over another. Since opportunity costs are inconspicuous by definition, they can be barely noticeable.
Opportunity Costs= Absolute Income - Monetary Benefit.
The Production Possibility Frontier (PPF) is a bend on a chart that shows the potential amounts that can be delivered for two items if both rely on a similarly limited asset for their production. The PPF is additionally alluded to as the creation probability bend.
To learn more about Production Possibility Frontier is linear.
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Answer:
($340,000)
Explanation:
The computation of the net cash outflows from investing activities is shown below:
Cash flows from investing activities:
Cash from proceeds of sale of land $20,00
Purchase of Bond investments ($360,000)
Net Cash Outflows from investing activities ($340,000)
The positive sign shows the inflow of cash and the negative sign shows the outflow of cash and the same is considered in the above computation part
Answer:
Income statement
Explanation:
Statement of change in equity: It records beginning balance of equity, ending balance of equity, net income or loss, dividend paid if any.
Balance sheet: It records the assets and the liabilities side of the balance sheet which equals to
Total assets = Total liabilities + Stockholder equity
Statement of cash flows: It records three types of activities:
1. Operating activities: It includes those transactions which affect the working capital, and it records transactions of cash receipts and cash payments.
2. Investing activities: It records those activities which include purchase and sale of the fixed assets
3. Financing activities: It records those activities which affect the long term liability and shareholder equity balance.
Income statement: It records all income and expenses of a particular period.
In the given question, the increase in assets records under the revenue part whereas if the asset decreases, it records under expenses part of the income statement.
