Answer:
Answer is explained in the explanation section below.
Explanation:
Part A: In part a, we are required to show the effects on the financial statements using horizontal statements model.
For that, we need to tabulate the entries properly. So, it cannot be done be done here in the typing section. So, I m putting it into the attachments. Please refer to the attachment for the part a solution.
Part B:
Reason of the difference:
Cash revenue is $8650 but cash flow amount is $9600
Total operating expense incurred is $3350 but the amount paid only $2700
It will create $650 difference income statement and cash flow.
These activities are reasons for the differences between cash flow from the operating activity and net income.
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Answer:
c $11,600
Explanation:
At 4,000 units the unit cost for the fixed manufacturing overhead is 2.90 dollars
We multiply it by 4,000 to know the total amount
$2.90 x 4,000 units = $ 11,600
These will be fixed cost thus, will not change when we produce between the relevant rage of 2,500 to 5,500 units
Answer:
Checking accounts
Explanation:
They are better for everyday transactions such as purchases, bills and ATM withdrawals.They also Have lower interest. Savings Accounts would be better for storing/Earning interest.
