Answer:
Cash provided by operating activities =$28,700.
Explanation:
Look at attachment for step by step guide.
Answer:
REVENUES
Explanation:
Revenue, often referred to as sales, is the income received from normal business operations and includes discounts and deductions for returned merchandise. It is the top line or gross income on a company's income statement from which all charges, costs, and expenses are subtracted to arrive at net income.
Answer:
Beginning work in process= $7000
Explanation:
Giving the following information:
Cost of goods manufactured by $112,000.
Direct materials cost of $52,000
Direct labor cost of $37,000.
Overhead cost of $26,000.
The work in process balance at June 30 equaled $10,000
Work in process on June 1?
Cost of goods sold= Beginning work in process + direct material + direct labor + manufacturing overhead - ending work in process
112000= ? + 52000 + 37000 + 26000 - 10000
Beginning work in process= 112000 - 52000 - 37000 - 26000 + 10000= $7000
Answer:
perfect competition; equal to $15
Explanation:
A Perfect competition industry is characterised by :
1. Firms that are price takers - They do not set price but prices are set by the forces of demand and supply.
2. Prices are equal to marginal revenue and average revenue.
3. plenty buyers and sellers.
4 free entry and exist of firms.
A monopolistic industry is chartcerised by :
1. Firms that are price makers.
2. Plenty buyers and sellers.
3. Price and average revenue are less than the marginal revenue
A monopoly is characterised by :
1. Firms that are price makers.
2. One seller
3. Price and average revenue are less than the marginal revenue
Answer:
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