In the cash flow statement financing activities refer to the flow of cash between a business and its owners and creditors.
A(n) (transection) model is an outsourcing fee model that charges a variable fee based on the volume of transactions or operations performed by the application.(transection
Answer: e
Explanation :
A balance sheet is a statement of the financial position of a business that lists the assets, liabilities and owner's equity at a particular point in time. In other words, the balance sheet illustrates your business's net worth.
The balance sheet may also have details from previous years so you can do a back-to-back comparison of two consecutive years. This data will help you track your performance and will identify ways to build up your finances and see where you need to improve.
A balance sheet reports a company's assets, liabilities and shareholders' equity at a specific point in time, and provides a basis for computing rates of return and evaluating its capital structure . the balance sheet is divided into two sides (or sections). The left side of the balance sheet outlines all a company’s assets. On the right side, the balance sheet outlines the companies liabilities and shareholders’ equity. On either side, the main line items are generally classified by liquidity. More liquid accounts like Inventory, Cash, and Trades Payables are placed before illiquid accounts such as Plant, Property, and Equipment (PP&E) and Long-Term Debt. The assets and liabilities are also separated into two categories: current asset/liabilities and non-current (long-term) assets/liabilities.
Answer:
a. $8,600
Explanation:
The cost of goods manufactured equation is the sum of the total manufacturing costs (i.e all direct materials, direct labor, and factory overhead) and the beginning work in process inventory also subtracting the ending goods in process inventory.
The total raw materials was $8600 of which $6000 was debited to work in process and $2600 was debited to manufacturing overhead. The work in process is the cost of direct materials, hence the cost of good manufactured is given as the total raw materials which is $8600
