A check given by a company for $340 in payment of liability was in the diary as $430. This item to be included on the bank as an addition to the balance per the firm's records.
<h3>What are payment liabilities?</h3>
Payment Liabilities means all Penalties other than
(i) contingent obligations of Borrower regarding which neither Agent nor any Lender has asserted a claim against Borrower, and
(ii) non-monetary commitments of performance; provided, that Payment Liabilities shall include the Letter of Credit Responsibilities
The payment of a liability reduces assets and liabilities as the liability could be paid only through paying cash or cash equivalents hence it reduces the asset when the liability is paid off then it is decreased.
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Answer:
Financing activities.
Explanation:
In the financing activities of the cash flow statement the stockholder equity section should be considered i.e. if there is an issuance of the common stock or preferred stock or both so the same would be represented as cash inflow but if there is a dividend so it would be represent as a cash outflow
So as per the given situation it is a part of the financing activities
Answer:
The direct labor rate variance for November is $34,200
Explanation:
To find out the direct labor rate variance, we have to multiply the actual standard rate of direct labor into actual hours of direct labor used
Standard hourly rate of direct labor hour = $14.40
Actual direct labor hours = 5,000
Standard direct labor cost
= 5,000 × $14.40
= $72,000
Total factory wages are $42,000 in which direct labor is 90%
= $42,000 × 90%
= $37,800
Actual direct labor cost = $37,800
Therefore,
Direct labor rate variance = Standard direct labor cost - Actual direct labor cost
Direct labor rate variance
= $72,000 - $37,800
= $34,200
Dr.Dre, although Shaquille O’Neil has many partner ships, Dr.Dre has a whole brand, and also has many partnerships.
Answer:
2121.566 will be saved
Explanation:
Extra cost=8%
Saving per year=15%
Extra Cost of home=250000*0.08=$20000
Let the energy saving required per year to justify the home=x
Extra cost paid = P.v of energy saving
20000=x*Annuity factor(10%@30 years)
20000=x*9.427
X=2121.566
