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3 years ago

Which of the following shows the listed items in their proper order of presentation in a balance sheet?

Business

2 answers:

neonofarm [45]3 years ago

5 0

Option - C - "Current assets, plant assets, intangible assets" shows the listed items in their proper order of presentation in a balance sheet

<u> Explanation: </u>

Request of liquidity is the introduction of benefits to be decided sheet in the request for the measure of time it would generally take to change over them into money.

In this way, money is constantly exhibited first, trailed by attractive protections, at that point records of sales, at that point stock, and fixed resources.

Generosity is recorded last. The inexact measure of time required to change over each kind of advantage into money is noted beneath:

Money: No change is required.

Attractive protections: A couple of days might be required to change over to trade out most cases.

Records receivable: Will change over to trade out understanding with the organization's ordinary credit terms, or can be changed over to money quickly by calculating the receivables.

Stock: Could require numerous months to change over to money, contingent upon turnover levels and the extent of stock things for which there is certifiably not a prepared resale advertise. It might even be difficult to change over to money without tolerating a noteworthy rebate.

Fixed resources: Change to money depends altogether on the nearness of a functioning secondary selling for these things.

Altruism: This must be changed over to money upon the closeout of the business at a satisfactory cost, thus ought to be recorded last.

The request for liquidity idea isn't utilized for the incomes or costs in the salary proclamation, since the liquidity idea doesn't concern them.

To put it plainly, the request for liquidity idea brings about a consistent sort grouping for the advantages recorded to be decided sheet.

Katarina [22]3 years ago

4 0

Answer:

C. Current assets, plant assets, intangible assets

Explanation:

<u><em>Balance sheet structure</em></u>

The balance sheet always shows the account based on a <u><em>liquidity criteria</em></u>. Then, For Assets, first you will see the current assets then the plant or fixed assets and at the end the intangible assets.

Please refer to the Image attached to see the whole balance sheet structure.

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4 years ago

What is an economic and non economic activity explain me in short and give one example each

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3 years ago

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Howard Corporation issued a 20-year mortgage note payable on January 1. On December 31, the unpaid principle balance will be rep

lubasha [3.4K]

Answer:

c. a long-term liability.

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4 years ago

In the short-run, fixed costs __________ with quantity produced. variable costs _________ with quantity produced.

Anvisha [2.4K]

In the short-run, fixed costs<u> all</u> with the quantity produced. Variable costs<u> at least some</u> with the quantity produced.

A Variable cost is a corporate price that changes in share to how plenty an employer produces or sells. Variable charges grow or decrease depending on an enterprise's manufacturing or income extent—they rise as manufacturing will increase and fall as production decreases.

Variable costs are charges that trade as the volume changes. Examples of variable costs are raw substances, piece-price labor, manufacturing resources, commissions, transport charges, packaging resources, and credit card expenses. In some accounting statements, the Variable costs of manufacturing are called the “fee of goods offered.”

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2 years ago

Pup tents use 4 direct labor hours (DLH) per unit and Pop-up tents use 3 direct labor hours per unit. Compute the overhead cost

lora16 [44]

a) The computation of the single plantwide predetermined overhead rate for Tent Master is $6 per DLH ($252,000/42,000).

b) The computation of the overhead cost per unit for Pup and Pop-up Tents for Tent Master is computed as follows:

Pup Tents Pop-up Tents

Overhead cost $24 ($6 x 4) $18 ($6 x 3)

c) The computation of the product cost per unit for Pup and Pop-up Tents is as follows:

Per Unit Selling Direct Direct Overhead Product

Price Materials Labor per unit Cost / Unit

Pup tent $ 78 $ 20 $ 45 $24 $89

Pop-up tent 73 25 30 $18 $73

d) The computation of the gross profit per unit (selling price per unit minus the product cost per unit) of Pup and Pop-up Tents is as follows:

Per Unit Selling Direct Direct Overhead Product Gross Profit

Price Materials Labor per unit Cost / Unit (Loss) per unit

Pup tent $ 78 $ 20 $ 45 $24 $89 ($11) ($78 - $89)

Pop-up tent 73 25 30 $18 $73 $0 ($73 - $73)

<h3>What does a product cost?</h3>

The determination of the product cost includes the costs of direct materials, direct labor, and overhead. The overhead cost is allocated to each unit based on a predetermined overhead rate (budgeted overheads/budgeted usage) or using an activity-based costing technique.

<h3>Data and Calculations:</h3>

Budgeted overhead costs = $252,000

Budgeted direct labor hours = 42,000

<h3>Question Completion:</h3>

Tent Master produces Pup tents and Pop-up tents. The company budgets $252,000 of overhead cost and 42,000 direct labor hours. Additional information follows:

Per Unit Selling Price Direct Materials Direct Labor DL Hours

Pup tent $ 78 $ 20 $ 45 4

Pop-up tent 73 25 30 3

<h3>Required: </h3>

1. Compute a single plantwide overhead rate assuming the company allocates overhead costs based on 42,000 direct labor hours.

2. Pup tents use 4 direct labor hours (DLH) per unit and Pop-up tents use 3 direct labor hours per unit. Compute the overhead cost per unit for each product.

3. Compute the product cost per unit for each product.

4. For each product, compute the gross profit per unit (selling price per unit minus the product cost per unit).

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