Answer:
False
Explanation:
Cost
This is simply defined as a payment of cash or the commitment to pay cash in the future for revenues purpose. E.g. The cash used to purchase a tractor, is the cost of the tractor.
Conversion costs
This is simply regarded as direct materials, direct labor, and factory overhead costs that can be selected together or grouped together for analysis and reporting. It consist of direct labor in factory overhead costs.
The Equation for Conversion cost is simply = Direct Labor Cost + Manufacturing Overhead Cost.
While the Equivalent Units of Production = Number of Units Transferred to the next department + Equivalent Units in Ending Works in Process Inventory.
The equation for Equivalent units of production for conversion cost is given below: Units completed and transferred out + Equivalent units in ending work in process for conversion cost.
The equation for Cost per equivalent unit for conversion cost is simply =
(conversion cost of beginning work in process + conversion cost added during the period)/ Equivalent units of production for conversion cost.
Answer:
Presentational aids are items other than the words of a speech that are used to support the intent of the speaker. In particular, they can be visual aids, audio aids or other supporting technology. Visual aids include projectors, physical objects,. photographs, diagrams, charts and so on.
Explanation:
Answer:
Animeat should access a flexible line of credit.
Explanation:
While it is common knowledge that businesses including those that are profitable would at one time or another have cash flow problems, yet it is pertinent for business owners and managers to always plan ahead against lack or shortage of cash flow as such could lead to total collapse of the business or customers/suppliers loss.
With regard to the above scenario, I would suggest Animeat access a flexible line of credit like invoice finance,overdraft facilities or short term business loan etc, inorder to meet up with it's food supply when the time comes. This would give the business quick access to funds/cash hence cushion the effect of cash flow problem during the predicted time.
The most important source of finance is to find the one that suit the business need and in which interest payment will be seamless so that available cash will not be depleted.
Net cash provided by operating activities for the year is $265,000. $102,000. $242,000. $337,000 is :- <u>$265,000</u>
What is depreciation expense?
A fixed asset's share that has been deemed consumed in the current period is subject to depreciation expense. The cost is subsequently added to the expense list. With this charge, the carrying amount of fixed assets will be steadily decreased as their value is depleted over time. There is no cash outflow related to this item because it is non-monetary.
When an entry is made to the depreciation expenditure account, the contra asset account that offsets the fixed assets (asset) account is the accumulated depreciation account. Over the course of a fiscal year, the balance in the depreciation expenditure account grows; at year's end, the account is flushed out and its balance is reset to zero.
To learn more about depreciation expense with the help of given link:
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Answer:
First year depreciation expense is $2,250
Explanation:
Total depreciation expense is given by:
Price - Salvage Value = 40,000 - 4,000 = 36,000
That $36,000 depreciation expense would be spread out for 200,000 miles.
So for the first year in which the truck is used 12,500 miles, the depreciation expense will be
Question answered.
Note:
