Answer:
3) Unrealized Gain on Trading Investments of $1,500.
Explanation:
By January 1, Bargain Company had recognized a $18,500 gain on their investment (the valuation allowance account had a debit balance = gain). By the end of the year, the gain on the investment had increased to $20,000 (= $100,000 - $80,000), so you need to recognize an additional gain of $1,500 (= $20,000 - $18,500).
Answer:
The answer is E. In financing activities as a use of funds.
Explanation:
In cash flow, to be a source of fund means there is cash inflow i.e cash is coming in to the business and to be a use of fund means there is cash outflow i.e cash is going out of the business the business.
Also in cash flow, we have three sections - operation, investing and financing sections.
For cash flow from operating activities, use of fund or source of fund about how a business carries its normal activities are important here.
Cash flow from investing activities is about long term Investment the company is engaging on e.g sale or Purchase of machinery.
Cash flow from financing activities is about how the company is funding the business or how the firm is repaying its shareholders for using their fund e.g payment of dividends(use of fund i.e cash outflow)
Answer:
<u>e. All of the above.</u>
Explanation:
Interestingly, all the above-listed options could serve as a possible reason why Amazon allows products sold by others to appear on its site.
<em>Remember, </em>Amazon is a marketplace;<em> </em>since the definition of a market involves dealings with several entities, it thus logical to expect Amazon to allow people (other sellers) to transact on its platform.
Answer:
$28,800
Explanation:
Follow the given collection policy :
Cash Collection = 60 % in month of the sale + 40 % in the following month
<em>therefore,</em>
During the first month :
Cash Collection = 60 % in month of the sale only
= $48,000 x 60 %
= $28,800
The expected cash collections from credit sales during the first month is $28,800
Answer:
$51,790
Explanation:
Amrein Corporation Manufacturing Overhead Budget
August
Budgeted direct labor-hours 2,500
Variable manufacturing overhead rate $5
Variable manufacturing overhead $12,500
($2,500×$5)
Fixed manufacturing overhead $43,010
Total manufacturing overhead $55,510
($43,010+$12,500)
Less depreciation 3,750
Cash disbursement for manufacturing overhead $51,790
Therefore the August cash disbursements for manufacturing overhead on the manufacturing overhead budget should be $51,790
