Answer:
The correct answer is letter "D": Traceable to a single cost object.
Explanation:
Direct Cost for finished goods is referred to the costs of the items and services directly used in production that can be allocated to a single cost object. Other costs including rent and production site insurance are indirect costs. The cost of the finished goods may be assigned to indirect costs, but they are not direct costs because they do not change with production levels.
Answer:
$1,101.32
Explanation:
Simple interest accounts balances are calculated using the following formula
A = P ( 1 + rt)
where:
A = final account balance
P = starting balance
r = interest rate (annually) percentage divided by 100
t = years
Therefore, we can plug in the values provided in this formula and solve for P which would be the amount that Kremena needs to deposit.
1,250 = P ( 1 + (0.045 * 3))
1,250 = P * 1.135 ... divide both sides by 1.135
1,101.32 = P
Finally, we can see that Kremena would need to deposit a total of $1,101.32 to have the amount that she wants after 3 years.
Answer:
Net cash provided by operating activities for 2018 was $4,560,000
Explanation:
The net cash provided by operating activities can be computed by preparing the operating activities of the statement of cash flow as shown below:
Net income for the year $3,000,000
add depreciation $1,200,000
add amortization $240,000
deduct increase in accounts receivable ($420,000)
add increase in accounts payable $540,000
net cash provided by operations $4,560,000
The cash provided by operating activities is $4,560,000
The rationale for deducting increase in accounts receivable is that the increase deprived Lindsay corporation cash of $420,000.
Answer & Explanation:
Most balance sheets are arranged according to this equation:
Assets = Liabilities + Shareholders’ Equity
The equation above includes three broad buckets, or categories, of value which must be accounted for:
1. Assets
An asset is anything a company owns which holds some amount of quantifiable value, meaning that it could be liquidated and turned to cash. They are the goods and resources owned by the company.
Assets can be further broken down into current assets and noncurrent assets.
- Current assets are typically what a company expects to convert into cash within a year’s time, such as cash and cash equivalents, prepaid expenses, inventory, marketable securities, and accounts receivable.
- Noncurrent assets are long-term investments that a company does not expect to convert into cash in the short term, such as land, equipment, patents, trademarks, and intellectual property.
2. Liabilities
A liability is anything a company or organization owes to a debtor. This may refer to payroll expenses, rent and utility payments, debt payments, money owed to suppliers, taxes, or bonds payable.
As with assets, liabilities can be classified as either current liabilities or noncurrent liabilities.
- Current liabilities are typically those due within one year, which may include accounts payable and other accrued expenses.
- Noncurrent liabilities are typically those that a company doesn’t expect to repay within one year. They are usually long-term obligations, such as leases, bonds payable, or loans.
3. Shareholders’ Equity
Shareholders’ equity refers generally to the net worth of a company, and reflects the amount of money that would be left over if all assets were sold and liabilities paid. Shareholders’ equity belongs to the shareholders, whether they be private or public owners.
Just as assets must equal liabilities plus shareholders’ equity, shareholders’ equity can be depicted by this equation:
Shareholders’ Equity = Assets - Liabilities
— Courtesy of Harvard Business School
I hope this helped! :)
Answer:
a. When a woman with children and very low income earns an extra dollar, she receives less in TANF benefits. This feature of TANF will cause the labor supply of low-income women to be <u>LOWE</u>R. One of the most important characteristics of TANF is that as the beneficiary starts to earn money, they start losing benefits. The more money they earn, the less benefits they receive.
b. The EITC provides greater benefits as low-income workers earn more income (up to a point).
<u>True</u>
This feature of EITC will decrease the labor supply of low-income workers. <u>b. False</u>
Earned income tax credit (EITC) is a refundable tax credit aimed at low income workers (and low middle income workers) with children. The tax credit received by the beneficiaries of this program depend on their income levels and number of children. E.g. during 2020, the EITC for joint filers earning up to $52,493 and having 2 children is $5,828. This program increases the labor supply of low income workers, it doesn't decrease it. If you do not work, you do not receive EITC.
