Answer:
D. $525,000
Explanation:
budgeted production = 15,000 units/month
unit production time required = 30 minutes => 0.5 hours
direct labor rate = $70 per hour
Budgeted cost of direct labor for the month = 15,000 * 0.5 * 70
= $525,000
The error of Naomi is that she included the receipts of interest, receipts of dividends, and proceeds from planned sales of plant assets in the cash receipts section. This section would only include the cash sales and collection of accounts receivable with the forecasted sales per month of the company. As a result of this error, the cash receipts would be too high.
Answer:
Net cash flow from investing activities -$5.3 million
Explanation:
The computation of the net cash flow from investing activities is shown below:
Purchase stock -$2.2 million
Short term investment purchase -$0.5 million
Sold equipment $0.8 million
Purchase new equipment -$3.4 million
Net cash flow from investing activities -$5.3 million
Answer:
dividends 24,900
dividen payable 24,900
to record declaration of dividends
dividend payable 24,900
cash 24,900
to recored payment of dividends
Explanation:
amount of dividends:
8,300 shares x $3 per share = 24,900
dividends 24,900
dividend payable 24,900
to record declaration of dividends
we post the dividends declared and we post the payable
dividend payable 24,900
cash 24,900
to recored payment of dividends
we decrease the cash account and write-off the dividend payable
"<span>You get to use a car for a specific time period by making monthly payments" is the statement among the statements given in the question that describes a car lease. The correct option among all the options that are given in the question is the third option or option "C". I hope the answer has helped you.</span>