Answer:
A
Explanation:
From indications it is very likely that the issue raised above happened in a workplace specifically the accounting department ,which then means that accounting procedures which is more like the manual for team to follow in carrying out their daily activities was the point raised .
Answer:
AFN = $138
Explanation:
the accounts and balances are missing, so I looked for a similar question:
The Booth Company's sales are forecasted to double from $1,000 in 2010 to $2,000 in 2011. Here is the December 31, 2010, balance sheet:
Cash $ 100 Accounts payable $ 50
Accounts receivable 200 Notes payable 150
Inventories 200 Accruals 50
Net fixed assets 500 Long-term debt 400
Common stock 100
Retained earnings 250
Total assets $1000 Total liabilities and equity $1000
AFN = (A/S) x (Δ Sales) - (L/S) x (Δ Sales) - (PM x FS x (1-d))
- A/S: $500 / $1,000 = 0.50
-
ΔSales = $1,000
- L/S = $250 / $1,000 = 0.25
- PM = 0.08
- FS = $2,000
-
1 - d = 1 - 30% = 0.70
AFN = (0.5 x $1,000) - (0.25 x $1,000) - (0.08 x $2,000 x 0.7) = $500 - $250 - $112 = $138
Base on the scenario, the email metric that you can ignore
after your boss asked you to do some reporting in your email performance last
quarter is the industry average. The industry average are used in means of
having to create components financially when it comes to business plan.
Answer:
overapplied for 20,200
Explanation:
Predetermined overhead rate:
350,000/250,000 = 1.4
each dollar of labor generates 1.4dollar of overhead
Applied overhead:
63,000 x 1.4 = 88,200
actual overhead: 62,000
82,200 - 62,000 = 20,200
<u>NOTE: INCOMPLETE INFORMATION</u>
The following account balances at the beginning of January were selected from the general ledger of Ocean City Manufacturing Company. Work in process inventory $0 Raw materials inventory $28,000 Finished goods inventory $40,000 Additional data: 1) actual manufacturing overhead for January amounted to $62000 2) Total direct labor cost for januray was $63,000 3) The predetermined manufacturing overhead rate is based on direct cost. The budget for the year called for $250,000 of direct labor cost and $350,000of manufacturing overhead costs. 4) The only job unfinished on January 31 was Job. 151 for which total direct labor charges were $5,200( 800 direct labor hours) and total direct material charges were $14,000 5) Cost of direct materials placed in production during January totaled $123,000. There were no indirect material requisitions during January. 6) January 31 balance in raw materials inventory was $35,000 7) Finished goods inventory balance on January 31 was $34,500
Answer:
$55,000
Explanation:
The computation of the payment of dividend during the year is shown below:
Payment of dividend = Opening balance of cash dividend payable + declared cash dividend - ending balance of cash dividend payable
= $20,000 + $60,000 - $25,000
= $55,000
By applying the above formula we can easily find out the payment of dividend