#8 is C. Unfortunately I do not know #9.
Answer:
True
Explanation:
The net cash flow for the year can be calculated using the following equation:
net cash flow = net income + accounts payable - accounts receivable
net cash flow = $29,500 + $5,400 - $2,500 = $32,400
We have to subtract accounts payable since they were included in the net income but the cash has not been received yet.
Answer:
$27,333.33
Explanation:
The computation of the amount of income reported is shown below:
= Provided services to the customer + Payment received × number of months ÷ given number of months
= $25,000 + $12,000 × 7 months ÷ 36 months
= $25,000 + $2,333.33
= $27,333.33
The seven months is calculated from the June 1 to December 31. We assume the books are closed on December 31
Answer:
The correct answer are:
1. Daniel Shays; 2. George Washington; 3. Alexander Hamilton; 4. Thomas Jefferson; 5. Columbus; 6. Francis Scott Key; 7. Andrew Jackson; 8. Lewis and Clark.
Explanation:
The American Revolution shook the entire world. The thirteen British colonies that would become the United States of America, fought and won the battle against the most powerful imperial power on the planet. In the years that followed the American victory over the British, the hopes of the masses were betrayed. Consequently, there were many popular movements and uprisings. But none had such a great impact on the psychology of the ruling class and the future structure of the US government as the Shays Rebellion of 1786-87, which some have called "The Final Battle of the American Revolution."
Considered the "Father of the Fatherland," George Washington was a celebrated general, farmer, entrepreneur and the first president of the United States.
Alexander Hamilton was an American politician. He was a young lawyer from New York when the War of Independence broke out in the thirteen British colonies of North America (1775-83). In 1777 he became secretary of George Washington, commander in chief of the insurgent army.
Answer:
Total cost $24.44
Explanation:
Sardi Inc.
Make
Direct materials$10.00
Direct labor7.00
Variable manufacturing overhead 2.80
Fixed manufacturing overhead (30% × $4.80 is avoidable)1.44
Opportunity cost ($6.40 per unit ÷ 2 minutes per unit) × 1 minutes3.20
Total cost $24.44
Therefore the cost of making the component should be compared to the price of buying the component at $24.44
