Answer:
$1,103,000
Explanation:
The cash flow statement categories the company's transactions in a financial period into 3 groups; these are operating, investing and financing.
The net profit/loss, depreciation, changes in current assets (other than cash) and liabilities are considered as operating activities including income taxes.
The sale of assets, interest received, purchase of investments are examples of investing activities while the issuance of stocks, debt principal deduction (loan settlement), issuance of debt securities etc are examples of financing activities.
For assets disposed, the amount received from the disposal is the amount recorded as an investing activity.
Amount received - Book value of asset = Gain on disposal
Amount received = $221000 + $882000
= $1,103,000
Answer: Companies in perfect competition do not usually apply "socially conscious" practices because their cost-benefit relationship does not justify it.
Generally, the administration of an oligopolistic company will carry out "socially conscious" practices, because this differentiation between the other companies would lead to higher than normal profits.
Answer:
$4.00
Explanation:
To calculate the approximate overhead cost per unit of product A1 under activity - based costing we have it as
Activity 1 allocated to Product B2 line we have as
$48,000 × 4,800/6,000
= $38,400
Activity 2 allocated to Product B2 line we have it as
= $63,000 × 4,760/7,000
= $42,840
Activity 3 allocated to Product B2 line we have it as
=$80,000 × 800/8,000
= $8,000
Total overhead allocated to Product B2 = $89,240
Overhead per unit of Product B2: $89,240/22,310 = $4.00
As our overhead unit of product
Answer: $100
Explanation:
Opportunity cost is the benefit that we forgo when another option is chosen thereby leaving out something else. Based on the information given, Ed's opportunity cost of going to the ball will be calculated as the addition of the income that's lost when he takes some time off from his work and the expenses that he incurs on the base ball game. This will be:
= ( 4 × $15) + $25 + $15
= $60 + $40
= $100
The opportunity cost is $100.