Answer:
The correct option is C. which is <em>assess how long a company with positive cash flows from financing activities can continue to operate</em>
Explanation:
<em>The ratio of cash to monthly cash expenses can be used to make assessment of a company whether how long it can determine without additional financing and positive cash flows generated from operations.</em>
The formula of The ratio of cash to monthly cash expenses
= Cash s of year end ÷ Monthly Cash Expenses
Answer:
<u>Cost Of Goods Manufactured $ 133,000</u>
Explanation:
Peterson Company
Schedule for the cost of goods manufactured
For 2017
Direct Materials (opening Inventory) 21,000
Add Purchases 74,000
<u>Less Ending Inventory (23000)</u>
Materials available for Use 72,000
Add Direct Labor 22,000
Factory Overhead
Indirect Manufacturing Labor 17,000
Plant Insurance 7,000
Depreciation 11,000
<u>Repairs 3000 38,000</u>
132,000
Add Opening WIP 26,000
<u>Less Closing WIP 25,000</u>
<u>Cost Of Goods Manufactured $ 133,000</u>
Answer:
Depletion expenses for the first year is $210736.840
Explanation:
Depletion expenses= (Cost of coal mine - residual value) / Total tons of coal * tons extracted
=(1,001,000 - $0) / 57,000 tons * 12,000 tons
=$210736.8421
=$210736.840
Answer:
D, Flint can simply write ot the SEC to voice his concerns.
Explanation:
Since Flint does not have a case that warrants a court challenge but rather an observation, Flint can simply write to the SEC to intimate them about his observations and/or findings, as well as let the SEC know the position of his company on the rule being proposed by it.
Cheers.
Answer:
The answer is: Credit record to Accounts Receivable account
Explanation:
The Accounts Receivable account is an asset, usually it should be a current asset since it should be collected within a one year period. When assets increase, a debit record should be made. But in this case, the asset is decreasing since bad debts reduce the Accounts Receivable account. When an asset decreases, a credit record should be made.
