Sole proprietorships are often owned by _________

For the current year, Klay Corporation reports the following information:

DerKrebs [107]

Answer:

The company’s cash flows from operating activities was a cash inflow of $5,000

Explanation:

Cash at the end of the year = Cash at the beginning of the year + Net cash inflows from investing activities + Net cash inflows from financing activities + Net cash inflows from operating activities

Therefore,

Net cash inflows from operating activities = Cash at the beginning of the year + Net cash inflows from investing activities + Net cash inflows from financing activities - Cash at the end of the year = $340,000 + $40,000 + $45,000 - $420,000 = $5,000 >0

The company’s cash flows from operating activities was a cash inflow of $5,000

7 0

3 years ago

Read 2 more answers

Department G had 2,040 units 25% completed at the beginning of the period, 12,200 units were completed during the period, 1,700

Margarita [4]

Answer:

18261

Explanation:

The first key-point will be that materials are applied entirely at the begining of the production so this part of the cost is quite easy:

You have an ending inventory of 1,700 units and then you have a given data of $9 per unit for direct materials so mulitply those to get:

ending inventory $15,300 materials cost

Next part will be to calculate the conversion cost.

First step, will be to calculate the conversion cost for the period,

which is direct labor + factory overhead:

78,600 + 26,200 = 104,800

Remember conversion cost = labor + overhead

Second, calculate the equivalent units:

Here we have the data for completed units so we work it like this

Complete units 12200

(this are finished o they count entirely)

+ ending units x percent of completion 1700 x 20% = 340

(this are units we work during this period)

- beginning units x percent of completion (2040) x 5% = (510)

(this are units we don't work on this period,

they are from the previous month,

so we subtract them)

----------------------------------------------------------------

Equivalent units for conversion cost 12030

Third, we are almost there, we will divide this two to get the value of 1 unit of conversion cost

104,800 conversion cost / 12,030 equivalent units = 8.7115 CC per unit

Fourth, calculate the conversion cost for the ending inventory

conversion cost per unit x equivalent units of ending inventory

8.7115 x 340 = 2961

Last Step, we add the materials cost with the conversion cost

15,300 + 2,961 = 18261 VALUE OF ENDING INVENTORY

3 0

3 years ago

The constraint at Pickrel Corporation is time on a particular machine. The company makes three products that use this machine. D

rosijanka [135]

Answer:

JT, SM, VD

Explanation:

Calculation to rank the products in the order in which they should be emphasized

VD JT SM

Selling price per unit

$ 344.85 $ 415.40 $ 119.32

Less:Variable cost per unit

$ 270.18 $ 310.88 $ 91.96

Contribution per unit

$74.67 $104.52 $27.36

÷Minutes on the constraint 5.70 6.70 1.90

=Contribution per minut

$13.10 $15.60 $14.40

Ranking

VD $13.10 Third

JT $15.60 First

SM $14.40 Second

JT, SM, VD

Therefore the product will be rank from the highest to the lowest which is JT, SM, VD

5 0

3 years ago

When independent measurers get similar results when using the same accounting measurement methods, the financial information is:

Deffense [45]

Answer: verifiable

Explanation:

A financial information is verifiable when the independent measurers get similar results when using the same accounting measurement methods.

In this scenario, the independent measures use thesame method but do their work separately without them knowing the results gotten by the other person. When there's similarity in the results, it shows that the results are verifiable.

6 0

2 years ago

Mini Case Study-Walmart GoLocal

Marat540 [252]

Answer:

can u show the case study

4 0

2 years ago

Sole proprietorships are often owned by __________.