Answer:
e. $20,075
Explanation:
The computation of the year 1 cash flow is shown below:
= Sales revenue - other operating cost - depreciation expenses - income tax expense + depreciation expenses
where,
Income tax expense = (Sales revenue - other operating cost - depreciation expenses) × income tax rate
= ($42,500 - $17,000 - $10,000) × 35%
= $5,425
And, the other items values would remain the same
Now put these values to the above formula
So, the value would equal to
= $42,500 - $17,000 - $10,000 - $5,425
+ $10,000
= $20,075
The market basket is <span>a representative collection of goods and services. The correct option among all the options that are given in the question is the third option or option "c". The other options can be easily negated. I hope that this is the answer that has actually come to your great help.</span>
Answer:
<u>Cost of goods manufactured schedule for the month ended June 30, 2017</u>
Raw Materials $46,720
Direct Labor $51,740
Manufacturing Overhead :
Indirect labor $6,510
Factory insurance $4,700
Machinery depreciation $4,380
Machinery repairs $1,990
Factory utilities $3,740
Miscellaneous factory costs $1,980
Add Opening Work in process Inventory $5,670
Less Closing Work in process Inventory ($7,610)
Cost of goods manufactured $119,820
Explanation:
Cost of goods manufactured schedule is a summary of manufacturing costs for the production period.
<u>Determination of Raw Materials In Production</u>
Raw Materials T - Account
<u>Debit :</u>
Opening Balance $9,180
Purchases $55,020
Totals $64,200
<u>Credit :</u>
Work In Process (Balancing figure) $46,720
Closing Balance $17,480
Totals $64,200
Answer:
$46,571
Explanation:
The cost price is $500,000
The residual value is $ 11,000
Useful life is 7years
The depreciable amount will be cost price -residual value
=$500,000 - $11,000
=$489,000
Depreciation expense per year on the straight-line method will be
=$489,000/7
=$69,857. 14
After three years, the total depreciable amount will be 69,857.14 x 3
=$209,571.42
New book value after three years will be 489,000 - 209,571.42
=$279,428.58.
Useful has been adjusted to nine years. Three years have passed. Four years remain plus two added years meaning six years to go.
Depreciation from the 4th year will be
=279,428.58/6
=$46,571
