Answer:
$11,000
Explanation:
The cash flow statement categories the company's transactions in a financial period into 3 groups; these are operating, investing and financing.
The net profit/loss, depreciation, changes in current assets (other than cash) and liabilities are considered as operating activities including income taxes.
The sale of assets, interest received, purchase of investments are examples of investing activities while the issuance of stocks, debt principal deduction (loan settlement), issuance of debt securities etc are examples of financing activities.
An increase in assets other than cash is an outflow while an increase in liabilities is an inflow. Depreciation and other non-cash expenses deducted in the income statements are added back while the non-cash income such gain on asset are deducted from net income.
net investing cash flows
= $21,000 - $10,000
= $11,000
Answer:
$15.10 per lamp
Explanation:
Cost per part of Material handling = $3000/6000 parts
Cost per part of Material handling = $0.50 per part
Assembling per hour = $7200/3000
Assembling per hour = $2.40 per hour
Packaging per lamp = $4000/2000
Packaging per lamp = $2 per lamp
Total manufacturing cost per Lamp = $8 + (9*$0.50) + ($2.40/4) + $2
Total manufacturing cost per Lamp = $8 + $4.5 + $0.6 + $2
Total manufacturing cost per Lamp = $15.10 per lamp
Answer:
C. Will likely have to pay Nolan and Sadie damages if they decide to sue them.
Explanation:
Since Nolan and Sadie has agreement with Green Goddess to maintain the landscape and they are paying them $200 for this service. Green lawn has not given them any notice about the leaves so this comes under the breach of contract terms. The company will be liable to pay Nolan and Sadie if they decide to sue them.
Answer:
$746.77
Explanation:
Calculation to Determine Hank's net pay for the week
Gross Pay $1320.00
Straight Time Pay 940.00
(40 × $23.50.)
Overtime pay 105.75
[ (43-40)× $23.50 ×1.5)]
Less Federal Income tax (198.00)
(15% × $1320.00)
Less OASDI and Medicare (100.98)
(7.65% × $1320.00)
Net Pay $746.77
Therefore Hank's net pay for the week will be $746.77
Answer:
A. $53,167
Explanation:
The computation of the depreciation expense under the straight-line method is shown below:
= (Original cost - residual value) ÷ (useful life)
= ($328,000 - $9,000) ÷ (6 years)
= ($319,000) ÷ (6 years)
= $53,167
In this method, the depreciation is same for all the remaining useful life.
The estimated useful life in units is used in units of production method. Hence, it is ignored here.
