Answer:
There are certain adjustments to net income to calculate the operating cash flow.
Since net income is more than operating cash flow, that means that:
Net income includes gain from sale of fixed assets,
It might include unrealized incomes.
The change in current assets might have been positive, as increase in current assets is deducted.
Or that the change in current liabilities is positive that means the current liabilities have decreased and then such decrease will be deducted from net income.
Answer:
a. $(8000)
b. Company should choose alternative 1 and make bottles.
Explanation:
Particulars Make Bottles Buy Bottles Differential
Alternative 1 Alternative 2
Purchase Price 0 $37 $(37)
Freight Charges 0 $4 $(4)
Variable cost $33 $33
Fixed Cost $17 $17 0
Cost per unit $50 $58 $(8)
Income / (Loss) $50,000 $58,000 $(8,000)
b. The company should choose alternative 1 and make bottles. The buying of bottles will cost company loss of $8,000.
Answer:
A. an oversized ego
Explanation:
Based on the scenario being described within the question it can be said that in this situation Tyrone is exhibiting an over-sized ego. The ego is an individual's conscious mind, which is the part of that individuals identity that reflects themselves. Someone with an over-sized ego thinks very highly of himself/herself and usually looks down on others, such as Tyrone is doing after he got his promotion.
Answer:
Credit to Paid-In Capital from Treasury Stock for $43,200
Explanation:
Based on the information given The entry to record this transaction will include a Credit to Paid-In Capital from Treasury Stock for $43,200 calculated using this formula
Credit to paid-in capital treasury stock=[Number of treasury shares sold × (Selling price of treasury stock - Cost of treasury stock) ]
Let plug in the formula
Credit to paid-in capital treasury stock=[7,200*($19 per share-$13 per share)]
Credit to paid-in capital treasury stock=7,200*$6
Credit to paid-in capital treasury stock=$43,200
Answer:
Explanation:
Ending wotk in process inventory = Direct materials + Conversation cost = 93,600 + 135,000 = 228,600
[Direct materials = 2.60*36,000; Conversation cost = 3.75*36,000]
Finished goods inventory = Units transferred to finished goods*Total equivalent cost per unit = 250,000*3.75 = 1,587,500