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3 years ago

Fein Company provided the following information relating to cash payments:

Business

1 answer:

BlackZzzverrR [31]3 years ago

6 0

Answer:

Fein Company

Schedule of Cash Payments

For the Month of August 202x

Salaries expenses:

From July salaries $3,230

From August salaries $31,860

Total salaries $35,090

Direct materials:

From July purchases $61,600

From August purchases $14,600

Total direct materials $76,200

Overhead expenses: $64,850

Debt payments:

Principal $15,000

Accrued interests $450

Total debt payment $15,450

Total cash payments $191,590

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The cartesian coordinate system is also referred to as a(n) _____________ coordinate system.

Rus_ich [418]

The Cartesian coordinate system is also referred to as a rectangular coordinate system coordinate system. It i a system used in geometry which uses coordinates in order to determine the position of a geometric element (point for example). According to this system each point is specified by a pair of numerical coordinates.

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2 years ago

In order to prepare a contribution format income statement, costs must be separated into: Multiple Choice

scoray [572]

Answer:

variable and fixed costs.

Explanation:

The format of the contribution margin income statement is presented below:

Sales XXXXX

Less: Variable cost (XXXXX)

Contribution margin XXXXX

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Based on this we can concluded that the contribution margin income statement classified into two cost i.e variable and fixed cost

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3 years ago

The broker while creating a CMA does not usually consider the full range of data about market conditions and comparable sales th

tatiyna

Answer:

less reliable than the appraiser's.

Explanation:

in such a scenario the broker's opinion of value will be less reliable than the appraiser's. This is mainly because the broker does not have all the information that the appraiser has and is making his opinion without this information, which may lead to unforeseen consequences that would not otherwise occur if the broker had this information and was able to see a much bigger picture of the situation to incorporate into his opinion.

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2 years ago

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Hello there ☺️,

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2 years ago

Houghton Limited is trying to determine the value of its ending inventory as of February 28, 2017, the company's year-end. The f

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Solution and Explanation:

a) No, it should not be included as the goods were shipped on 26th March and the terms were FOB shipping, it does not matter that customer receives it on 2 March .

b) Yes, as the title of goods passes to houghton on 26th March as the terms were FOB shipping hence (450+30) $480 should be included.

c) Yes, $720 should be included in ending inventory as the goods will be shipped on 10th march .

d) No, as the goods were on consignment .

e) No, as the terms are FOB destination hence totle of goods passes to Houghton on March 2 hence shouls not be included.

f) Yes, as terms include FOB destination so titke passes to customer on March 2 hence is included at cost of $240.

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2 years ago