Answer:
Net cash from investing activities (40,000)
Explanation:
<em>The investing activities are those that pertain to the purchase and sales of non-current assets and marketable securities.</em>
<em>Example of such includes the sales and purchase of property plant an equipment. Therefore, the only item to be considered here is the purchase of equipment.</em>
$
Investing activities
Equipment purchase <u>(40,000)</u>
Net cash from investing activities (40,000)
Answer:
Product costs are.
Explanation:
Often the information needed by internal managers stands in sharp contrast to external reporting requirements promulgated by Generally Accepted Accounting Principles (GAAP).
GAAP requires full costing and management decision making requires incremental information.
According to GAAP, all manufacturing costs must be treated as product costs, and all selling and administrative costs must be treated as period costs.
Material cost + labor costs incurred directly in producing the product + other production or indirect production overhead costs.
If the products are in inventory, the costs are recorded as assets. If they have been sell, the are recorded as costs of goods sold.
Answer:
1. true
Explanation:
When a project goes from one stage to another, a company usually has to commit more money to the project. As a result of this, it is very important that there is a management review after each phase of the project is completed. This will help to ensure evaluation of the project's progress as well as ensure compliance with the goals of the organization for which the project was set in motion.
Cheers.
Answer:
10,238.08
Explanation:
Data provided as per the question
Annual payment = $30,000
Implicit lease = 11%
The computation of per equal payment is shown below:-
Four equal annual payment and $1 = 3.10245
Present value = $30,000 × 3.10245
= 93,073.5
First year interest expense = 93,073.5 × 11%
= 10,238.08
Therefore the first year interest expense = 10,238.08 and hence option is not available. Also there is misprint of 11% so I corrected.