Answer:
Meyers Corporation
Determining the amount of cash flows:
a. $60,000
b. -$45,000
c. -$1,500
d. $6,000
e. -$10,000
f. -$5,000
Classification as operating, investing, or financing activities:
a. Financing
b. Investing
c. Operating
d. Operating
e. Operating
f. Financing
Explanation:
Meyers Corporation prepares the statement of cash flows which classifies its financial activities into three main sections: operating activities, investing activities, and financing activities sections in order to present the statement in clear and understandable formats. This statement is one of the main financial statements that report the corporation's financial position and performance at the end of an accounting period.
Answer:
Budgeted direct labor cost for July = $4,278
Explanation:
Given:
Production in July = 230 units
Hours of direct labor = 1.5 hours per unit
Direct Labor rate = $12.40 per hour
Indirect labor rate = $19.40 per hour.
Find:
Budgeted direct labor cost for July
Computation:
Budgeted direct labor cost for July = (Production in July)(
Hours of direct labor)(
Direct Labor rate)
Budgeted direct labor cost for July = (230)(1.5)(12.4)
Budgeted direct labor cost for July = $4,278
Answer: $297,353.33
Explanation:
In calculating the Opportunity Cost of using that space with the available data, the following formula can be used (notice that APR is a yearly figure and the rent is monthly),
Opportunity cost = Rent per month *12* (1-tax rate) / APR
= $3,431.00 * 12 * ( 1 - 0.35) / 0.09
= 297353.333333
= $297,353.33
$297,353.33 is the opportunity cost of using this space.
Note the method used above is the faster method but if you want to use the other method, first you change the rent to a monthly figure. Then you divide it by the cost of capital to get the present value. Then you multiply by the After tax rate of (1 - tax rate). It's basically the same as the above though.
<span>
<span>In
investment, the term risk can be defined as the possibility of the investor
losing all or part of their capital in a given venture. High quality bonds
are considered lower risk because the the investor is promised to receive
face value after a certain period unlike stocks that do not carry the same
promise. Returns on high quality bonds are also guaranteed in the form of
fixed interest rates whereas in stocks, a company may pay dividends but this
is not an obligation on their part. Lastly bonds are safer investment as they
are less susceptible to abnormal price changes unlike stocks whose prices can
easily swing in either direction.</span></span>
