Answer:
The answer is opportunity cost
Explanation:
Opportunity cost is the cost of an alternative forgone action. The cost of an action not taken. For example, Mr A had the chance to choose between job X and job Y, if he chooses job X, the salary that job Y will pay if he had chosen them will be the opportunity cost.
Therefore, the amount of income that would result from an alternative use of cash is the OPPORTUNITY COST.
Answer: $251758.53
Explanation:
Based on the information given in the question,
Total lease liability = $280,000
Then, the balance in the lease payable account when the first lease payment takes place on January 1, 2021 will be:
= $280,000 - $16,427
= $263573
The, the interest that is included in the lease payment that's made on April 1, 2021 Will be:
= $263573 x 7% x 1/4
= $4612.53
Then, the principal amount that's included in the lease payment made on April 1, 2021 will be:
= $16,427 - $4612.53
= $11814.47
Therefore, the balance in the lease payable account after the April 1, 2021, lease payment will be:
= $263573 - $11814.47
= $251758.53
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Answer:
False
Explanation:
The principal purpose of a statement of cash flows is to measure the profitability of a business that maintains its accounting records on the cash basis.
This is False because cash flows are also made for businesses that accounting records on the accrual basis rather than cash basis.
The cash flow is computed both by Direct and Indirect methods.
In indirect method of Cash flow Net income is computed using accrual income which recognizes revenues when earned and expenses when incurred.
Answer:
False
Explanation:
Facility-level costs are being the type of activity based cost activities and it simply sustains a facility’s general manufacturing process. We can say some samples about this type of costs:
1) The costs about depreciation or rent of a factory building
2) The costs about salary of a plant manager
3) The costs about insurance, taxes, etc.
4) The costs about training
As you see all about this cost mentioned only in manufacturing processes not in decision making.
