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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 <u> -1000 </u>

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 <u>22000</u>

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) <u>57000</u>

Closing Cash Balance <u>148000</u>

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This is the executive power of removal. Article II section 2 of the US Constitution affirms that the President shall have the power to nominate/appoint public ministers, judges, ambassadors, and other executive officials. Along with this power to appoint officials is the power to remove. He has the equal power to remove officials who are deemed incompetent to their roles and responsibilities. This is the permanent and implicit way of enforcing his will as the chief of state.

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3 years ago

What are each individual’s opportunity costs of producing fish and rabbit? Which person has an absolute advantage in producing f

Anna007 [38]

<h2>The following are each individuals opportunity cost, absolute advantage, and comparative advantage in producing fish and rabbits: </h2>

<h3><u>Opportunity cost: </u></h3>

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<h3><u>Absolute advantage: </u></h3>

The individual who bears the lowest marginal cost in producing rabbits has an absolute advantage in producing rabbits and the one who bears the lowest marginal cost is producing fish has an absolute advantage in producing fish.

<h3><u>Comparative advantage: </u></h3>

The individual who has the lowest opportunity cost in producing fish instead of rabbits has a comparative advantage in producing fish and the one who has the lowest opportunity cost in producing rabbits instead of fish has a comparative advantage in producing rabbits.

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3 years ago

Amanda, a single parent, is looking for a new job. Considering that she has two school-aged children, she is particularly keen o

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Decision Criteria are defined as prerequisites, guiding concepts, and standards applied by companies for selecting their candidates who is the best fit for their company.

<h3><u>What are decision criteria?</u></h3>

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Generally speaking, there are three basic sorts of decision criteria:

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brainly.com/question/14703648

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2 years ago

He following transactions are for Alonzo Company.

vichka [17]

Answer:

1. Dec. 3

Dr Account Receivable $500,000

Cr Sales Revenue $500,000

Dr Cost of goods sold $330,000

Cr Inventory $330,000

2. Dec. 8

Dr Sales Returns and Allowances $25,000

Cr Accounts Receivable $25,000

3. Dec. 13

Dr Cash $470,250

Cr Sales Discounts $4,750

Cr Accounts Receivable $475,000

Explanation:

Preparation of a tabular summary to record these transactions for Alonzo Company using a perpetual inventory system

1. Dec. 3

Dr Account Receivable $500,000

Cr Sales Revenue $500,000

(To record the sales on account)

Dr Cost of goods sold $330,000

Cr Inventory $330,000

(To record the cost of goods sold)

2. Dec. 8

Dr Sales Returns and Allowances $25,000

Cr Accounts Receivable $25,000

(To record the Sales return and allowance)

3. Dec. 13

Dr Cash $470,250

($475,000 - $4,750)

Cr Sales Discounts $4,750

[($500,000 - $25,000) * 1%]

Cr Accounts Receivable $475,000

($500,000 - $25,000)

(To record the balance due from Arte Co.)

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3 years ago

Newhard Company assigns overhead cost to jobs on the basis of 115% of direct labor cost. The job cost sheet for Job 313 includes

MakcuM [25]

Answer:

Results are below.

Explanation:

<u>First, we need to allocate overhead:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 1.15*10,700= $12,305

<u>Now, we can determine the total manufacturing cost:</u>

Total manufacturing cost= 15,745 + 10,700 + 12,305

Total manufacturing cost= $38,750

<u>Finally, the unitary cost:</u>

Unitary cost= 38,750 / 1,550

Unitary cost= $25

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3 years ago