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3 years ago

The income statement, balance sheet, and additional information for Video Phones, Inc., are provided.

Business

1 answer:

Alina [70]3 years ago

8 0

Answer:

Net increase in cash position is $18,960

From operations $128,160

From investing activities -$83,200

From Finance activities -$26,000

Explanation:

The income statement has been uploaded for your benefit.

The schedules attached tagged "workings" explains how we arrived at each change in cash flow by line item.

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Hache Corporation uses the weighted-average method in its process costing system. Data concerning the first processing departmen

Greeley [361]

Answer:

The cost of ending work in process inventory in the first processing department according to the company's cost system is closest to: d) $21,797

Explanation:

Calculation of Equivalent Units of Production

Materials

Units transferred to the next department (5,800 × 100%) = 5,800

Units in ending Work In process (1,850 × 50%) = 925

Total Equivalent Units of Production for Materials = 6,725

Conversion

Units transferred to the next department (5,800 × 100%) = 5,800

Units in ending Work In process (1,850 × 20%) = 370

Total Equivalent Units of Production for Conversion Costs = 6,170

Calculation of Cost per Equivalent units of Production

Materials

Cost per equivalent unit = Total Material Cost ÷ Total Equivalent Units of Production for Materials

= ($ 8,700 + $ 91,000) ÷ 6,725

= $14.825

Cost per equivalent unit = Total Material Cost ÷ Total Equivalent Units of Production for Materials

= ($ 8,500 + $ 126,300) ÷ 6,170

= $21.848

Calculation of cost of ending work in process inventory

Materials ( 925 × $14.825) = $13,713.12

Conversion Cost ( 370 × $21.848) = $8,083.76

Total = $21,796.88

Thus,

The cost of ending work in process inventory in the first processing department according to the company's cost system is closest to: d) $21,797.

5 0

3 years ago

The following information is available for Carla Corporation for 2019 (its first year of operations).

Anastasy [175]

Answer:

The calculations and journal entries are shown below:

Explanation:

The computations are shown below:

a. The taxable income is

Pretax financial income $302,100

Less: Excess of tax depreciation over book depreciation -$43,800

Add: Rent received in advance deferred for book purposes $18,100

Taxable income $276,400

b. The journal entry is shown below:

Income tax expense $60,420

Deferred tax asset (20% × $18,100) $3,620

To Income tax payable (20% × $276,400) $55,280

To Deferred tax liability (20% × $43,800) $8,760

(Being the income tax expense, deferred income taxes, and income taxes payable for 2019 is recorded)

c. The journal entry is shown below:

Income tax expense $63,270

Deferred tax liability ($8760 ÷ 4 years) $2,190

To Income tax payable (20% × $309,200) $61,840

To Deferred tax asset (20% × $18,100) $3,620

(Being the income tax expense, deferred income taxes, and income taxes payable for 20 is recorded)

5 0

3 years ago

Suppose the own price elasticity of demand for good X is -3, its income elasticity is -3, its advertising elasticity is 4, and t

WINSTONCH [101]

Answer:i dont know

Explanation:

8 0

3 years ago

In this simulation, theoretical utilization of the intensive care unit (ICU) is calculated as the flow rate of patients that arr

Dvinal [7]

Answer:

The theoretical utilization of the ICU is:

= 0.25 or 25%

Explanation:

Inter-arrival time or flow rate of patients that arrive for service at the ICU = 4 hours

Mean length of stay = 6 hours

ICU's capacity to serve customers in 6 hours = 4*6 = 24 bed-hours

Total demand = 6 hours

Therefore, the theoretical utilization = flow rate of patients that arrive for service at the ICU in a given unit of time divided by ICU's capacity to serve customers in that same unit of time

= 6 hours/24 bed-hours

= 0.25

4 0

3 years ago

Consumers see the nike swoosh and think to themselves, "just do it." this is an example of the role of the brand to

insens350 [35]

The choices on this problem are;
a. Educate the customerb. Reassure the customerc. Convey informationd. Establish credibilitye. Be remembered

I think the answer is e. be remembered. Branding instills a connection between the customer and the business. The business gains a sense of popularity by having a brand that people can relate themselves. " Just Do It" gives motivation and message to do and decide on something that a person would like to do. Somehow it is an advice of independence and freedom to choose. It is a marketing strategy.

4 0

3 years ago