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Sonja [21]
3 years ago
14

A company uses cash to pay all of the following excepta. All of these choices are correct.b. interest to creditorsc. dividends t

o stockholdersd. depreciation expense
Business
1 answer:
never [62]3 years ago
3 0

Answer:

d. depreciation expense

Explanation:

The expenses which are paid by cash reduced the cash balance displayed in the balance sheet . Like interest to creditors, stockholders dividend, wages expenses, miscellaneous expenses, admin expenses, etc. These expenses can be paid either by cash or by bank account .

But the depreciation expense is a non - cash expense which reduces the fixed asset balance over the fixed asset useful life. Plus this is shown in the income statement on the debit side. Like this other examples would be goodwill impairment, amortization expenses, etc.

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The auto repair shop of Quality Motor Company uses standards to control the labor time and labor cost in the shop.The standard l
Fed [463]

Answer:

Actual Quantity= 151.57

Actual Rate= $3.17

Explanation:

Giving the following information:

Standard Hours 2.50

Standard Rate $35.00

Standard Cost $87.50

Number of tune-ups= 60

Labor rate variance $ 50 F

Labor spending variance $ 55 U

<u>First, we need to calculate the actual number of hours. We need to use the direct labor efficiency variance:</u>

<u></u>

Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate

-55 = (60*2.5 - Actual Quantity)*35

-55 = 5,250 - 35Actual Quantity

35Actual Quantity = 5,305

Actual Quantity= 151.57

<u>Now, the actual hourly rate. We need to use the direct labor rate variance formula:</u>

Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity

50 = (3.5 - Actual Rate)*151.57

50= 530.5 - 151.57Actual Rate

151.57Actual Rate= 480.5

Actual Rate= $3.17

4 0
2 years ago
If the returns on a stock index can be characterized by a normal distribution with mean 12% and standard deviation of 3%, the pr
harkovskaia [24]

Come on, way too easy. 67.

4 0
3 years ago
The Pie ________ command can be used to move individual slices of a pie away from the center, emphasizing individual value.
Ket [755]

Answer:

explode

Explanation:

The pie explode command can be used to move individual slices of a pie away from the center to emphasize individual value of the pie. The ie explode command seperates the pies and then allows each pie to be seperated individually.

7 0
3 years ago
Which statement best describes the qualifications for information technology professions
Ksju [112]
Most Information Technology fields require at least a technical certificate for entry level jobs. IT majors needs  at least a techinical certificate for starting a job.
7 0
3 years ago
Question 6 Paige Company estimates that unit sales will be 11,100 in quarter 1, 12,300 in quarter 2, 14,500 in quarter 3, and 18
sveticcg [70]

Answer:

$18,250

Explanation:

Preparation of a production budget by quarters for the first 6 months of 2020.

Paige Company

Production Budget For the six months ended December 31, 2020

Expected unit sales 11,100 12,300

Add: Desired ending finished goods

2,706 2,706

(22%*$12,300)

Total required units 13,806 15,006

(11,100+2,706) (12,300+2,706)

Less: Beginning finished goods inventory

2,442 2,706

(22%*11,100) (22%*12,300)

Required production units 8,656 9,594

(11,100-2,442) (12,300+2,706)

Six Months: $18,250

(8,656 +9,594)

Therefore the production budget by quarters for the first 6 months of 2020 will be $18,250

5 0
3 years ago
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