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3 years ago

Beta Electronics the following data for the year ended December 31, 2019:

Business

1 answer:

tangare [24]3 years ago

8 0

Answer:

$27000

Explanation:

Given: Beginning Cash balance $14,000

Cash flows provided by operating activities 12,000

Cash flows used by investing activities 8,000

Cash flows provided by financing activities 9,000

Now, calculating the ending cash balance:

Ending cash balance is calculated by subtracting cash outflow from cash inflow.

∴ Ending cash balance= $(\textrm{Beginning cash balance+cash flow from operating activities+ financing activities}- investing\ activities)$

Ending cash balance= $14000+12000+9000-8000= 35000-8000$

∴ Ending cash balance for December 31, 2019 is $27000.

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Answer:

A) True

B) False

Explanation:

If a country's inflation rate increases sharply, the inflation tax the loss in wealth suffered by holders of money as a result of inflation will definitely rise significantly.

Since money is neutral in the long run, inflation should not affect the real interest rate (over the long run) but only the nominal interest rate, which, in accordance with the Fisher effect should adjust one for one with the price level. Thus, wealth in savings accounts is not affected by changes in the inflation tax. However, holders of savings account are hurt by the increase in the inflation rate because they are taxed on their nominal interest income, so their real returns falls as a result of higher inflation.

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3 years ago

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4 years ago

Read 2 more answers

Suppose you deposit $2,500 at the end of year 1, nothing at the end of year 2, $750 at the end of year 3, and $1,300 at the end

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4 years ago

Byrd Company produces one product, a putter called GO-Putter. Byrd uses a standard cost system and determines that it should tak

Katen [24]

Answer:

Total Overhead Variance $156750 Favorable

Explanation:

Given Data

Byrd Company

Normal production capacity 100,000 units per year

Direct Labor Hours at normal capacity = 100,000

Total budgeted overhead at normal capacity is $1,100,000

Variable costs $400,000

Fixed costs$700,000

Actual Production 71,800 putters

Actual Direct Labor Hours 99,000

Actual Variable Overheads $ 197450

Actual Fixed Overhead Costs $ 734,800

Formulae And Calculations

Predetermined Variable Overhead Rate = Variable Costs / Direct Labor Hours

Predetermined Variable Overhead Rate = $400,000 / $100,000 = $ 4 per hour

Predetermined Fixed Overhead Rate = Fixed Costs / Direct Labor Hours

=$700,000 / $100,000 = $ 7 per hour

Applied Overhead = Applied Variable Costs + Applied Fixed Costs

= $ 4*99,000+ $ 7 *99,000= $ 396,000 + $ 693,000=

Applied Overhead =$ 1089,000

Total Overhead Variance = Actual Overhead - Overhead Applied

Total Overhead Variance =$ 197450+ $ 734,800-$ 1089,000

=932250-$ 1089,000= $156750 Favorable

It is favorable because actual is less than applied.

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3 years ago

Determine allison's december 31, 2018, investment in mathias balance.

bagirrra123 [75]

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3 years ago