Answer:
$557,000
Explanation:
Operating activities: It includes those transactions which affect the working capital. It means that the increase in current assets and a decrease in current liabilities would be deducted and a Decrease in current assets and an increase in current liabilities would be added.
The computation is shown below:
= Income reported on the income statement + decrease in account receivable
= $539,000 + $18,000
= $557,000
The decrease in account receivable
= $142,000 in beginning of the year - $124,000 in end of the year
= $18,000
Answer:
U.S. Tax Burden on Cola:
The amount of the tax on a case of cola is $4 per case. Of this amount, the burden that falls on consumers is $1 per case, and the burden that falls on producers is ___$3______ per case.
The effect of the tax on the quantity sold would have been larger if the tax had been levied on consumers.
a. True
b. False
Explanation:
The tax burden on consumers, which is represented by the difference in the price of cola from $5 to $6 per unit is $1 ($6 - $5). However, the cash received by producers reduced by $3 from $5 to $2. This shows that the total tax burden on both consumers and producers is $4 ($1 + $3).
This represents a total tax burden of $4 or about 67% based on the new selling price of cola or 80% based on the old selling price of cola.
"The effect of the tax on the quantity sold would have been larger if the tax had been levied on consumers alone. This because the price of cola would have increased to $9 per unit. Since the demand for cola in this instance is elastic, this change in price would have caused a more than 80% change in the quantity demanded.
Answer:
C. 95380 equivalent units
Explanation:
Equivalent units is the term used for proportionately equally completed units. This is basically used for allocation of overheads.
Here, actually completed that is 100% complete units = 85,500 units
Further units under work in process = 49,400
Which are 20% complete.
This means that incomplete 49,400 units = 49,400 
20% = 9,880 units 100% complete
Thus, total equivalent units = 85,500 + 9,880 = 95,380 units.
Answer:d) give the company its own identity. explain "where we are headed.
Explanation: A company's mission statement is a statement that specifically highlights the following
(1) The needs of the customer which the company plans to fulfill.
(2) Highlight the company's products and services which are rendered.
(3) It should also identify the Customer or market it is trying to reach.
This is what a good mission statement should be, The mission statement is different from the vision statement which tends to highlight where the company is heading to in the future.
