The nations selling the gasoline would be in trouble. They would earn less money and the possibility of a depression like the one the US had under Hoover and FDR would occur.
Answer:
This question requires us to calculate cash flows from operations and net income. Each of them is calculated as follow.
Cash flows from operations
Cash flow from operation comprises of cash generated or spend on core business related purchase and sale. It will be calculated as follow.
Cash from operations = 25,000 - 100,000 =($ 75,000).
Net income
Net income will be calculated using simple cashflow equation given below.
Closing cash balance = opening cashflow + net income + depreciation + cash flow from operations + cash flow investment + cash flow finance
25,000 = 55,000 + net income + 10,000 - 75,000 - 250,000 + 170,000
Net income = 115,000
Answer: See explanation
Explanation:
The year-end adjusting entry to record the cost side of sales returns and allowances will be:
Dr Inventory Return estimated $3200
Cr Cost of goods sold $3200
(To record expected coat of returns)
Note that the above calculation was done as:
= $64,000 × 5%
= $64,000 × 0.05
= $3200
Answer:
D. $44,580
Explanation:
Here we want to find the yearly value of the compensation package.
To order to do so, we have to add the various terms. We have:
salary per year
Then we have the total cost of a $180-per-
month health insurance plan; since there are 12 months in a year, it is
per year
Then we have the total cost of a $35-per-month life insurance, so the yearly cost is
Therefore, the total compensation package is
So, option D.
Answer:
a. Staples used to bind magazines - <u><em>Direct Material</em></u>
The staples are integral to holding the magazines so is a direct material.
b. Wages of printing machine employees. - <em><u>Direct Labor</u></em>
The printing machine employees are directly related to the magazine's production as they print it.
c. Maintenance on printing machines. -<em><u> Factory Overhead</u></em>
This cost is not directly associated with the publishing of the magazine so is an overhead.
d. Paper used in the magazine. -<em><u>Direct Material</u></em>
Without paper, the magazine can not be published which makes it a direct material.
