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valina [46]
3 years ago
7

The net income for World Class Corporation was $140 million for the year ended December 31, 2021. Related information follows:

Business
1 answer:
schepotkina [342]3 years ago
8 0

Answer:

$169 million

Explanation:

To calculate the cash flow from operating activities we must start with the net income:

net income                                                   $140 million

plus patent amortization                                 $1 million

plus decrease in accounts receivable          $9 million

plus depreciation expense                         $20 million

<u>minus decrease in salaries payable            ($1 million)   </u>

cash flow from operating activities           $169 million

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The per-unit standards for direct labor are 2 direct labor hours at $15 per hour. If in producing 2900 units, the actual direct
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Answer:

$5400 Favorable

Explanation:

Standard 2 hour at $15 per hour

Standard hours 2 hour per unit * 2900 units = 5800 hours

Total Standard cost = 5800 hours * $15 per hour =  $87,000

Actual hours = 5100

Actual cost = $81600 / 5100 hours = $16 per hour

Variance = Standard - Actual

Labor hour Variance Favorable = 700 hours (5800 hours - 5100 hours)

Total Labor variance = $5400 ($87,000 - $81,600)

4 0
3 years ago
Which sequence describes the long-run adjustment process in a competitive market when firms are experiencing short-run economic
dedylja [7]

Answer:

b. some firms exit, industry supply decreases, market price rises.

Explanation:

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If firms are making economic loss is the short run, in the long run, firms leave the industry. This leads to a fall in supply and prices rise as a result. In the long run, firms in a competitive industry earn zero economic profit.

I hope my answer helps you

7 0
3 years ago
Compared with many european countries the party in government system in the united states
ludmilkaskok [199]
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<h2><u>Answer:</u></h2>

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<h3><u>Explanation:</u></h3>

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Answer:

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