Net cash used by financing activities is C) $60100.
Financing activities encompass transactions regarding debt, fairness, and dividends. Debt and fairness financing are pondered in the cash float from the financing section, which varies with the different capital systems, dividend guidelines, or debt terms that agencies may additionally have.
Financing activities encompass cash sports related to noncurrent liabilities and proprietors' equity. Noncurrent liabilities and owners' fairness items consist of (1) the essential quantity of lengthy-term debt, (2) stock sales and repurchases, and (3) dividend bills.
Financing activities examples consist of the issuance of shares and bonds, borrowing a loan, servicing debt, shopping for returned shares, and so on. due to the fact those sports directly have an effect on an organization's capital shape, analysts and investors use this as a crucial indicator of a business enterprise's monetary health.
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Answer:
In my opinion creating a business plan would make your chances of making a successful business higher since you already know what your doing, it can also help with your thought process and help you consider different aspects of your business. Not having a plan also would lead to all your ideas being in your brain which could make it harder to focus. But many entrepreneurs have started businesses without plans and have succeeded but I think its easier to have a plan.
Answer:
1. $8.25
2. $313,500
Explanation:
Given that,
Variable overhead cost per direct labor-hour = $2.00
Total fixed overhead cost per year = $250,000
Budgeted standard direct labor-hours (denominator level of activity) = 40,000
Actual direct labor-hours = 39,000
Standard direct labor-hours allowed for the actual output = 38,000
1. Total overhead cost at denominator level of activity:
= Total fixed overhead + Total variable overhead
= $250,000 + (40,000 × $2.00
)
= $250,000 + $80,000
= $330,000
Predetermined overhead rate:
= Total overhead cost at denominator level of activity ÷ Budgeted standard direct labor-hours
= $330,000 ÷ 40,000
= $8.25
2. Overhead applied:
= Standard direct labor-hours allowed for the actual output × Predetermined overhead rate
= 38,000 × $8.25
= $313,500
