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4 years ago

In addition to the three basic financial statements, which of the following is also a required financial statement?

Business

1 answer:

balu736 [363]4 years ago

8 0

Answer: B Statement of cash flows

Explanation: Statement of cash flows is prepared as part of the report included when presenting a Financial Statement. It describes how the cash of an organisation is being managed. it is broken down into 3 parts and they are:

Cash flow from Operating activities

Cash flow from Investing activities

Cash flow from Financing activities

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Ceteris paribus, a 10 percent increase in income results in a 50 percent decline in the quantity of potatoes purchased. this imp

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The answer to this question is B. Substitute

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3 years ago

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A company allocates $7.50 overhead to each unit produced. the company uses a Plantwide overhead rate with direct labor hours as

Rufina [12.5K]

Answer: Option (A) is correct.

Explanation:

Given that,

overhead to each unit produced = $7.50

Department 1:

Manufacturing overhead costs = $74,358

Direct labor hours (DLH) = 6,610

Machine hours = 700 MH

Department 2 :

Manufacturing overhead costs = $49,572

Machine hours = 800 MH

Total Overheads = Manufacturing overhead cost of department 1 + Manufacturing overhead cost of department 2

= $74,358 + $49,572

= $123,930

Total Direct Labor Hours:

$= \frac{Total\ overhead}{per\ unit\ overhead}$

$= \frac{123,930}{7.50}$

= 16,524

Direct Labor Hours for Department 2:

= Total Direct Labor Hours - Direct labor hours of department 1

= 16,524 - 6,610

= 9,914 DLH

3 0

3 years ago

Selected information from Dinkel Company's 2018 accounting records is as follows: Proceeds from issuance of common stock $ 800,0

pochemuha

Answer:

Dinkel's statement of cash flows for the year ended December 31, 2018, would show net cash provided (used) by financing activities of $2,750,000.

Explanation:

Dinkel Company

Statement of cash flows (extract)

Proceed from issuance of common stock $800,000

Proceed from issuance of bonds 2,400,000

Cash dividend on common stock paid (290,000)

Cash dividend on preferred stock paid (120,000)

Purchase of treasury stock (240,000)

Proceed from sale of stocks 200,000

Net cash provided (used) by financing activities $2,750,000

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4 years ago

A company sells a car to a consumer and helps the consumer set up a loan with regular set payments. What type of credit is this?

sashaice [31]

This kind of credit is also known as consumer credit. It is actually the kind of credit that is given to a consumer on purchasing of any goods or getting any kind of service. Some kind of loans, credit card loans can be considered as a kind of consumer credit. This kind of credit is prevalent around the globe.

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3 years ago

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if the marginal tax rate is equal to the average tax rate as taxable incomme increases, the tax structure is

gregori [183]

Answer:

B) proportional

Explanation:

In the case of the proportional tax structure the marginal tax rate should be equivalent to the average tax rate without considering the high level of taxable income or low level of taxable income

Therefore in the given case, the tax structure should be proportional

hence, the correct option is B

And, the same is to be considered

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3 years ago