Answer:
Limited liability means the business owners' liability for debts is restricted to the amount they put into the business. With unlimited liability, the business owner is personally responsible for any loss the business makes.
Explanation:
Robert Fogel is best known in suggesting for improvements in workers' health from better nutrition. Robert William Fogel is an economic historian who has awards in the Nobel Memorial Prize in economic sciences and another award in Bancoff prize. Fogel's work are the following: Railroads and American Economic Growth, Which roads to the past?, and the slavery debates.
Answer:
1) $141,000
2) $198,000
3) $ 61,000
4) $122,000
Explanation:
1) we sum ($80,000+$42,000+$19,000)= $141,00,0 according to the cost’s theory
2) we sum all amounts (80,000+42,000+19,000+22,000+35,00)= 198,000 we sum all amounts because those are the cost that the company incurred In the period.
3) Conversion cost we obtain summing direct labor+ manufacturing overhead ( 42,000+19,000)= $61,000
4) Prime costs we obtain summing direct materiales+ direct labor ( 42,000+80,000)= $122,000
Answer:
Cash flow from operating activities
Cash Receipts from Customers 6,840,000
Cash Paid to Suppliers and Employees (5,900,000)
Net Cash from Operating Activities 940,000
Explanation:
Cash Receipts from Customers Workings
Total Debtors T - Account
Debit :
Sales 6,840,000
Totals 6,840,000
Credit:
Cash Receipts 6,840,000
Totals 6,840,000
Cash Paid to Suppliers and Employees
Cost of goods sold 4,730,000
Add Other Expenses
Selling expenses 460,000
Administrative expenses 710,000
Cash Paid to Suppliers and Employees 5,900,000
