Answer:
a. A. Manufacturing overhead cost
b. B. Direct material cost
c. B. Direct labor cost
d. C. Period cost
Explanation:
Property taxes incurred on the factory ; Are included in manufacturing and product cost as a manufacturing overhead.
Materials to manufacture jeans : Are included in manufacturing and product cost as a direct materials cost.
Assembly line worker's wages : Are included in manufacturing and product cost as a direct labor cost
Depreciation on printers at sales office : Are expenses during the period.They are not included in product cost.
Answer:
1. Net cash provided by operating activities for the year = $130
2. Ending cash balance = $85
Explanation:
Note: This question is not complete. A complete question is therefore provided before answering the question. See the attached pdf file for the complete question.
The explanation to the answer is now provided as follows:
1. Use the indirect method to determine the net cash provided by operating activities for the year.
Note: See the part 1 of the attached excel file for the calculation of the net cash provided by operating activities for the year.
Note: See the part 1 of the attached excel file for the calculation of the net cash provided by operating activities for the year.
Cash flows from operating activities refers to the section of the cash flow statement that shows the cash generated and provided by the ongoing regular business activities of a company in a particular period. Cash flows from operating activities normally comprise of net income from the income statement, adjustments to net income as well as changes in working capital.
2. Prepare a statement of cash flows for the year.
Note: See the part 1 of the attached excel file for the statement of cash flows for the year.
Statement of cash flow refers to the financial statement that presents the effect of changes in balance sheet accounts and income on cash and cash equivalents by breaking it down to operating, investing, and financing activities.
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Entrepreneur is a person who is willing to bear risks to gain profits.
1) risk bearing
2) innovative
3) personality
The answer to your question would be D. corporation
