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3 years ago

The following information is available for Mergenthaler Corporation for the year ended December 31, 2022:

Business

1 answer:

sdas [7]3 years ago

3 0

Answer:

Cash Flow from Operating Activities Amount$

Net Income 30000

Add Depreciation Expense 25000

Increase in Accounts Payable 11000

Increase in Accounts Receivables -10000

Increase in Prepaid Insurance -6000

Decrease in Salaries and Wages Payable -1000

Net Cash Flow from Operating Activities A 49000

Cash Flow from Investing Activities

Acquisition of Equipment for Cash -10000

Proceeds from Sale of Long-Term Investment 22000

Net Cash Flow from Investing Activities B 12000

Cash Flow from Financing Activities

Redemption of Bonds Payable -34000

Proceeds from Issuance of Common Stock 20000

Payment of Cash Dividends -6000

Collection of Principal on Long-Term Loan 16000

Net Cash Used in Financing Activities C -4000

Opening Cash Balance 91000

Add Increase in Cash (A+B+C) 57000

Closing Cash Balance 148000

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When marginal cost exceeds average total cost:

gtnhenbr [62]

Answer:

B) average total cost must be rising

Explanation:

Marginal cost is the rate at which total variable cost increases when one more unit is produces.

So when marginal cost is larger than average cost, it means that total average costs must be increasing.

For example, we have the following production costs:

total costs = $100
units produced = 20 units
total average costs = $5 per unit

If the marginal cost of producing 1 more unit is $6, then the total costs will be $106 and the total average cost will be $5.05 per unit (= $106 / 21 units).

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4 years ago

Calculate direct material variances when the quantity purchased equals the quantity used

Rudiy27

Answer:

Results are below.

Explanation:

To calculate the direct material price and quantity variance, we need to use the following formulas:

Direct material price variance= (standard price - actual price)*actual quantity

Direct material price variance= (1.96 - 1.92)*87,500

Direct material price variance= $3,500 favorable

Actual cost= 168,000 / 87,500 = $1.92

Direct material quantity variance= (standard quantity - actual quantity)*standard price

Direct material quantity variance= (3,500*24 - 87,500)*1.96

Direct material quantity variance= $6,860 unfavorable

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3 years ago

If assets total 45,000, expenses total 10,000, revenues total 35000, and stockholders' equity equals 30,000 what is the amount o

salantis [7]

Answer:

$25,000

Explanation:

Calculation for the what is the amount of net income

Using this formula

Net income= Total Revenues-Total expenses

Let plug in the formula

Net income= 35,000+10,000

Net income=$25,000

Therefore the amount of net income will be $25,000

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3 years ago

If Canada has a surplus of paper products produced but its consumers demand more cleaning solutions, and the US has an abundance

Charra [1.4K]

Answer:

Expanded market for their products

Explanation:

International trade is a trade involving individuals or firms in two different countries. A country that has a comparative advantage in producing a product can manufacture it in bulk and sell it to other countries.

The consumers in Canada that require cleaning products can buy them from the USA. In other words, they will be importing . Canadians can also sell excess paper products to the USA. They will be exporting.

By trading, Both Canada and the USA will get markets for the products they have in excess. Business people in this country will profit from international markets. They will increase production, which adds to their countries GDP.

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3 years ago

To make bond purchases, the Fed gets the money __________. Select the correct answer below: exclusively from proceeds it has rec

Viktor [21]

Answer: c. by creating it

Explanation:

Purchasing Bonds is a part of Monetary Policy by the Fed to increase the money supply in the economy. As such, when they purchase those bonds they do it with new money that they have created to be able to increase the supply in the market.

Apart from creating new money, they can also purchase the bonds by creating bank reserves for commercial banks in the country which the banks can then give out as loans to increase the money supply.

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3 years ago