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Mariana [72]
3 years ago
10

Wildhorse Co. incurred research and development costs in 2018 as follows:

Business
1 answer:
vazorg [7]3 years ago
8 0

Answer:

d. $2,950,000

Explanation:

The computation of amount of research and development costs charged is shown below:-

Amount of research and development costs = Direct materials + Personnel cost + Consulting fee paid to outsiders + Indirect costs + Depreciation

= $995,000 + $795,000 + $345,000 + $270,000 + $545,000

= $2,950,000

Therefore for computing the amount of research and development costs we simply applied the above formula.

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The accountant for Mandarin Company is preparing the company's statement of cash flows for the fiscal year just ended. The follo
Inessa05 [86]

Answer:

The amount of cash dividends paid that should be reported in the financing section of the statement of cash flows = $ 54,500

Explanation:

The amount of cash dividends paid that should be reported in the financing section of the statement of cash flows = $ 54,500

<u>Dividends  payable  a/c</u>

<u>Particulars           Amount                Particulars                    Amount</u>

                                                             Balance b/d                 $ 13,000

Dividend paid (Cash)  $ 54,500 Dividend declared            $57,000

Balance c/d               $ 15,500

                                     $ 70,000                                             $ 70,000

Therfore, The amount of cash dividends paid that should be reported in the financing section of the statement of cash flows = $ 54,500

8 0
3 years ago
How do i find ending merchandise and cost of goods sold (accounting)
Sergio [31]
Ending merchandise = beginning Merchandise + net purchases- cost of goods sold
Cost of goods sold= beginning merchandise + purchases during the period- ending merchandise
3 0
3 years ago
Ortions of the financial statements for Myriad Products are provided below.
bonufazy [111]

Answer:

Net cash provided from Operating Activities $301

Explanation:

MYRIAD PRODUCTS COMPANY

Cash flow from Operating Activities:

Net Income $150

Adjustment for non cash effects:

Depreciation $84

Amortization $5

Loss on sale of land $4

Total $243

Changes in operating assets and liabilities :

Decrease in Accounts receivable $17

Decrease in Inventory $18

Increase in Accounts Payable $14

Decrease in Salaries Payable ($14)

Increase in Interest Payable $13

Increase in Income tax Payable $10

Net cash provided from Operating Activities $301

5 0
3 years ago
Eddie, a 16 year old minor, buys a car from Ace Auto and then damages the car in an accident. To disaffirm the contract and sati
Ket [755]

Answer: Return the car and pay for the damage(D)

Explanation:

To disaffirm a contract means to avoid the obligations in a contract. A contract can be disaffirmed by a minor when he shows an intent that he or she isn't bound by it. Contracts can be disaffirmed by minors before they reach eighteen years. When a minor disaffirms a contract, all properties transferred to the minor can be gotten back.

In the scenario explained in the question, even though Eddie had damaged the car, he can disaffirm the contract and satisfy his duty if restitution by returning the car and paying for damage.

3 0
3 years ago
Read 2 more answers
When we commit to students’ wellbeing and learning through the practice of positive influence, professional judgment and empathy
natulia [17]

Answer:

c. care and protection

Explanation:

The answer to this question is based on the framework of Ethical Standards for those pursuing a teaching profession. It involves four main values; care, respect, trust and integrity. This framework acts as a guide to educators on ethical ways to think, act and make decisions when serving students. Committing to students’ wellbeing and learning through the practice of positive influence, professional judgment and empathy in practice is part of care and protection.  

4 0
3 years ago
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