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stealth61 [152]
4 years ago
10

Sales for the year were $500,000. Accounts receivable were $100,000 and $80,000 at the beginning and end of the year, respective

ly. Cash received from customers to be reported on the cash flow statement using the direct method is a.$520,000. b.$480,000. c.$500,000. d.$600,000.
Business
1 answer:
anygoal [31]4 years ago
4 0

Answer:

a.$520,000

Explanation:

                                                                                  Amount($)

Sales for the year                                                       500,000

Opening accounts receivable                                   100,000

Closing accounts receivable                                   <u>  (80,000)</u>

Cash received from customers                               <u>  520,000</u>

Cash received from customers to be reported on the cash flow statement using the direct method is $520,000.

Cash flow statements are usually stated using the direct method or indirect method.

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omeli [17]

Answer:

b

Explanation:

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3 years ago
Kemp Corporation manufactures a variety of parts for use in its product. The company has always produced all of the necessary pa
dedylja [7]

Answer:

financial advantage of purchasing from outside vendor = $36,000

Explanation:

outside vendor offers 18,000 units at $40 per unit = $720,000

current production costs (for 18,000 units):

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  • Direct labor $162,000
  • Variable manufacturing overhead $36,000
  • Fixed manufacturing overhead, traceable $162,000 ($54,000 avoidable)
  • Fixed manufacturing overhead, allocated $216,000 (not avoidable)
  • Total cost $900,000

total avoidable costs = $576,000

additional revenue generated by freed facilities = $180,000

financial advantage of purchasing from outside vendor = ($576,000 + $180,000) - $720,000 = $36,000

3 0
4 years ago
The classical dichotomy is the separation of real and nominal variables. The following questions test your understanding of this
Katen [24]

Answer:

Maria spends all of her money on paperback novels and beignets In 2011 she Earned $27 per hour, the price of a paperback novel was $9, and the price of a beignet was $3.

Following give the nominal value of a variable: -

  • The price of a beignet is $3 in 2011
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Following give the real value of a variable:

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  • Maria's wage is 9 beignets per hour in 2011.

Suppose that the Fed sharply macaws the money supply between 2011 and 2016 In 2016, Maria's wage has risen to $54 per hour. The price of a paperback novel is $18 and the price of a beignet is $6

In 2016, the relative price of a paperback novel is  3 beignet

Between 2011 and 2016, the nominal value of Maria's wage increases and the real value of her wage remains the same.

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7 0
3 years ago
Marvel Company uses a predetermined overhead rate in applying overhead to production orders on a labor-cost basis in Department
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Answer:

Instructions are listed below

Explanation:

Giving the following information:

Marvel Company uses a predetermined overhead rate in applying overhead to production orders on a labor-cost basis in Department A and on a machine-hours basis in Department B.

Dept. A

Factory overhead $ 71,250

Direct labor-hours 8,100

Dept. B

Factory overhead $46,055

Machine-hours 15,100

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base=

Dept A:

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Dept B:

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8 0
4 years ago
Monic, a college professor, makes 30 photocopies of a passage from a famous novel and passes the article out to her students. Th
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Incomplete question. The options:

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b) No. Educators have a right under the "fair use doctrine" to make limited use of copyrighted materials.

c) Yes. Monic has technically violated federal copyright law by copying and distributing this original work.

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<u>b) No. Educators have a right under the "fair use doctrine" to make limited use of copyrighted materials.</u>

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Based on the "fair use doctrine" in the United States, professor Monic did not violate copyright law from a legal standpoint.

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5 0
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