Answer:
$91,070
Explanation:
The computation of the value of the ending work in process inventory is shown below:
Ending Work in process inventory = Beginning work in process inventory + transferred materials + labor cost + other manufacturing cost
where,
Beginning work in process inventory is $0
Transferred material amount
= $97,000 × 80%
= $77,600
Labor cost = $58,000 + $15,600 = $73,600
Other manufacturing cost = $109,000
So, the amount is
= $0 + $77,600 + $73,600 + $109,000
= $260,200
And, since 65% is completed so the remaining 35% is to be considered i.e
= $260,200 × 35%
= $91,070
Answer:
The answer is E. In financing activities as a use of funds.
Explanation:
In cash flow, to be a source of fund means there is cash inflow i.e cash is coming in to the business and to be a use of fund means there is cash outflow i.e cash is going out of the business the business.
Also in cash flow, we have three sections - operation, investing and financing sections.
For cash flow from operating activities, use of fund or source of fund about how a business carries its normal activities are important here.
Cash flow from investing activities is about long term Investment the company is engaging on e.g sale or Purchase of machinery.
Cash flow from financing activities is about how the company is funding the business or how the firm is repaying its shareholders for using their fund e.g payment of dividends(use of fund i.e cash outflow)
Answer:
Question
Majka Company was started on January 1, Year 1 when it acquired $50,000 from the sale of common stock. During Year 1, the company experienced the following three accounting events: (1) earned cash revenues of $28,600, (2) paid cash expenses of $13,200, and (3) paid a $1,500 cash dividend to its stockholders. These were the only events that affected the company during Year 1.
Required:
a. Record the effects of each accounting event under the appropriate account headings.
b. Prepare an income statement dated December 31, Year 1, for Majka Company.
c. Prepare a statement of changes in stockholders’ equity dated December 31, Year 1, for Majka Company.
d. Prepare a balance sheet dated December 31, Year 1, for Majka Company.
Explanation:
For questions a, b
- An additional $320 billion in spending is required.
- Reduced consumption of $320 billion is needed for this to occur.
<h3>By how much must investment increase?</h3>
Generally, the equation for the investment accounts is mathematically given as
x=($1tri / $8 tri) * 100
x= 12.5%
Now we know that the answer lies in the fact that the investment rate may be increased by 4% for every 1% rise in economic growth.
Therefore,
=($8 trillion * 0.165%)
=$1.32 trillion
The additional investment is 3.2% of GDP.
Therefore, an increase in investment of ($1320 - $1000) billion is needed to raise GDP growth by 1 percentage point.
This means an additional $320 billion in spending is required.
(b).
In conclusion, Since we were already aware that we would need to cut down on our spending in order to make this investment, we may conclude that:
Reduced consumption of $320 billion is needed for this to occur.
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Answer:
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