Answer:
$129,000
Explanation:
The indirect method fir calculating cash flows generally starts with net income and then adds or subtracts depending on the non-cash revenue or expense accounts. I.e. it starts at the end and comes back.
In this case, we are starting with net income and we need to add or subtract the changes in accounts receivable. Since accounts receivable decreased during the year it means that more money was collected increasing the cash flow.
Cash flow = net income + change in accounts receivable = $120,000 + ($40,000 - $31,000) = $120,000 + $9,000 = $129,000
Answer:
The correct answer is 4,000 shirts.
Explanation:
According to the scenario, computation of the given data are as follows:
Selling price = $35
Labor cost = $5
Cost of material = $10
So, Contribution margin amount = $35 - $5 - $10 = $20
And fixed cost = $60,000 + $20,000 = $80,000
So, we can calculate the breakeven units by using following formula:
Breakeven units = Fixed cost ÷ Contribution margin
= $80,000 ÷ $20
= 4,000 shirts
Answer: Expense budget approach
Explanation: Budgeting is a process of creating an itemized summary of intended expenditure; usually coupled with expected revenue for a particular institution, activity or time-frame. An expense budget approach is one in which managers of a division are given a fixed budget. After all expenses are made and recorded, the managers are then evaluated on the basis of their ability to produce goods or services given the amount of money made available.
Early supplier involvement involves in the collaboration with the suppliers and the manufacturers of the products they suggest new ideas and share their ideas in the early stage of the product
Explanation:
Early supplier involvement is much important because it plays a major role in bringing the suppliers and the manufactures in line and they discuss about the product and the new ideas.
Project delivery will be more easy when the developers and the owners discuss upon the ideas and the investments in the products and it is always wiser to involve the early supplier investment so that the product will be better known to both sides.
Explanation: If the legal drinking age is increased it will just make people feel more rebellious and more likely to drink underage out of impatience. We already have a lot of people that drink before its legal which is 21 imagine if it were 25 underage drinking would spike.
