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3 years ago

11

In a process cost system, costs are assigned only to a. work in process, finished goods, and cost of goods sold. b. one work in

process account. c. work in process and finished goods inventory. d. work in process accounts.

1 answer:

yuradex [85]3 years ago

5 0

Answer:

The answer is a. work in process, finished goods, and cost of goods sold.

Explanation:

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A facility management pro forma cash flow statement has beginning accounts receivable and payable balances of ¥18,000,000 (Japan

frez [133]

Answer:

Cash available will increase.

Explanation:

<u>Decrease in of Account Receivable in terms of cash:</u>

The company will collect quicker from his customers. Theerfore the collection cycle will decrase and more cash will be available for use

<u>Increase of Account Payable in terms of cash:</u>

The company will delay payment for longer period of time. The payment cycle will increase. Less cash will be used as the obligation are settle in longer periods

<em></em>

<em>Overall:</em>

The combined effect will increase cash available, as the cash inflow increase form the reduced collection cycle. And also, the cash outflow decrease from the increase in the payment cycle

7 0

4 years ago

Income from a certain operation is expected to be zero in years one through five, after which it will be $50,000 per year foreve

xz_007 [3.2K]

Answer:

c. $310,450

Explanation:

The computation of the capitalized cost of the income is shown below:

= Present value of the annual cash flow × discount factor for 10 years at 5%

where,

Present value of the annual cash flow = $50,000 ÷ 0.10 = $500,000

And, the discount factor is

= 1 ÷ (1 + rate) ^ years

= 1 ÷ (1.10)^5

= 0.6209

So, the capitalized cost of the income is

= $500,000 × 0.6209

= $310,450

7 0

3 years ago

The liabilities of Blue Spruce Company are $87,000. Common stock account is $145,000; dividends are $44,000; revenues, $462,000;

kotykmax [81]

Answer:

$332,000

Explanation:

Given that,

Liabilities = $87,000

Common stock = $ 145,000

Revenue = $ 462,000

Expenses = $ 318,000

Dividends = $ 44,000

Total assets = Liabilities + Common stock + Revenue – Expenses – Dividends

= $87,000 + $ 145,000 + $ 462,000 - $ 318,000 - $ 44,000

= $ 694,000 - $ 362,000

= $332,000

Therefore, the amount of Blue Spruce Company’s total assets is $332,000.

4 0

3 years ago

although almost everyone advocates a balanced budget, every spending program and tax break is defended by organized beneficiarie

DerKrebs [107]

As a dispersed public good, debt reduction receives less structured support.

Any strategy for lowering a government budget deficit is referred to as deficit reduction. Deficits can relate to a variety of topics, including trade or fiscal deficits. The budget deficit of the United States government is one instance of a deficit.

The CBO asserts that in order to achieve long-term goals, it is preferable to handle high and rising debt sooner rather than later. A lesser amount of debt will have accumulated, posing less of a threat to long-term economic growth and stability, as a result of earlier deficit reduction.

To learn more about deficit reduction

brainly.com/question/13791680

#SPJ4

7 0

1 year ago

On November 10 of the current year, Cherokee Industries sold materials to a customer for $8,000 with credit terms 2/10, n/30. Ch

irga5000 [103]

Answer:

C.<em>Accounts receivable 7,840 Cash discounts 160 Sales 8,000 </em>

Explanation:

I think your question is missed of key information, allow me to add in and hope it will fit the original one.

<em>a. Accounts receivable 8,000 Sales 8,000 </em>

<em>b. Accounts receivable 7,840 Sales 7,840 </em>

<em>c. Accounts receivable 7,840 Cash discounts 160 Sales 8,000 </em>

<em>d. Accounts receivable 8,000 Cash discounts 160 Sales 7,840</em>

My answer:

Given:

Materials sold = $8,000

Credit terms = 2/10, n/30

Journal Entry for record sale on 10th November

Date Account Debit Credit

Nov 10 Cash $8000

Account receivable $7840

(8000 × 98%)

Sales discount $160

So Accounts receivable 7,840 Cash discounts 160 Sales 8,000 we choose C

6 0

4 years ago

Read 2 more answers