Answer:
$16.66
Explanation:
Data provided
Direct material = $55,870
Direct labor hour = 475
Wage rate = $11
Machine hour = $556
Number of units = 4,100
Overhead rate = $13
The preparation of job sheet is shown below:-
Direct Material $55,870
Add: Direct Labor $5,225
( 475 × $11)
Overhead $7,228
($556 × $13)
Total $68,323
Number of units 4,100
Cost per unit $16.66
($68,323 ÷ 4,100)
<span>The answer to the question stated above is liquidity.
The ease with which an asset can be converted quickly into cash with little or no loss of purchasing power is liquidity.
>>>Money is said to be perfectly liquid, whereas other assets have a lesser degree of liquidity.</span>
Answer:
Net Increase in cash = $124,200
Explanation:
Note: The correct value for Year 2021 inventory is $510,300 not $10,300.
Also note: See the attached excel file for the statement of cash flows for 2022.
In the attached excel file, the following workings are used:
Workings:
w.1: Increase in accounts receivable = Account receivable in 2022 - Account receivable in 2021 = $237,600 - $205,200 = $32,400
w.2: Decrease in inventory = Inventory in 2022 - Inventory in 2021 = $450,900 - $510,300 = -$59,400
w.3: Decrease in accounts payable = Accounts receivable 2022 - Accounts receivable 2021 = $105,300 - $116,100 = -$10,800
w.4: Disposal of land = Land in 2021 - Land in 2022 = $270,000 - $216,000 = $54,000
w.5: Purchase of equipment = Equipment in 2022 - Equipment in 2021 = $702,000 - $540,000 = $162,000
The tax consequence in 2019 is $10584 while the tax consequence from 2020 to 2023 will be $13229.
Bases on the information given, the realized gain will be:
= $90000 - $25000 - $1500
= $63500
The gross profit percentage will be:
= 63500/(90000 - 18000) × 100
= 63500/72000 × 100
= 88.19%
The tax consequence in 2019 will be:
= $12000 × 88.19% = $10584
The tax consequence in 2020 will be:
= $15000 × 88.19% = $13229
The tax consequence in 2021 will be:
= $15000 × 88.19% = $13229
The tax consequence in 2022 will be:
= $15000 × 88.19% = $13229
The tax consequence in 2023 will be:
= $15000 × 88.19% = $13229
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Answer: i think the third one maybe... (APEX)
Explanation: this should work
