A check returned by a bank because the issuer's cash account balance could not cover the check is called a(n):

Suppose a publisher faces the following costs of producing 10,000 newspapers each month: $5,500 cost of labor; $2,200 monthly mo

HACTEHA [7]

Answer:

Variable cost = $6,550

Explanation:

Variable cost is the cost incurred during the production process that changes with quantity of goods produced. For example labor, machine operating cost, and raw materials.

The other type of cost is variable cost that does not change with volume of production, but rather remains constant. For example rent, tax, and so on.

In the given instance the costs that are variable are cost of labor, cost of electricity to run printing presses, and cost of ink for paper.

Monthly mortgage and property tax are fixed cost that must be paid regardless of production volume.

variable cost = $5,500 + $800 + $250

Variable cost = $6,550

3 0

3 years ago

Ruston Company had Net Income for 2020 of $6,200,000. The firm invested $4,000,000 in manufacturing equipment during 2020. The e

Aloiza [94]

Answer:

$3,000,000

Explanation:

Calculation to determine the Net Cash Flow in 2020

STATEMENT OF CASH FLOW

For the Year 2020

Cash flow from operating Activities:

Net Income $6,200,000

Add Depreciation Expense $ 800,000

Net Cash provided by operating activities $7,000,000

($6,200,000+$800,000)

Cash flow from Investing activities:

Investment in Equipment ($4,000,000)

Net Cash used in Investing activities ($4,000,000)

Net Cash flow in 2020 $3,000,000

Depreciation under Straight Line method = (Cost - Salvage Value)/Useful Life

Depreciation under Straight Line method= (4000000-0)/5

Depreciation under Straight Line method= 800,000

Therefore the Net Cash Flow in 2020 is $3,000,000

4 0

3 years ago

Preparation of a statement of cash flows involves five steps:

adelina 88 [10]

Answer:

Preparation of a statement of cash flows involves five steps

1. Compute net cash provided or used by operating activities.

This is the section where all the cash flow that belongs to the operating section are been added and subtracted according to the inflow and outflow of the transaction.

2. Compute net cash provided or used by investing activities.

This is the section where all the cash flow that belongs to the investing section are been added and subtracted according to the inflow and outflow of the transaction.

3. Compute net cash provided or used by financing activities.

This is the section where all the cash flow that belongs to the financing section are been added and subtracted according to the inflow and outflow of the transaction.

4. Compute the net increase or decrease in cash

This is the section where the cash-flow from operating, investing and financing activities is been balanced.

5. Report the beginning and ending cash balances and prove that the ending cash balance is explained by net cash flows.

After the cash-flow from operating, investing and financing activities is been calculated, Then, this section is also computed to derive the Closing/Ending cash balance

4 0

3 years ago

Household production, such as baking bread at home, is not included in gdp because it.

Darina [25.2K]

Household production, such as baking bread at home, is not included in GDP because it <u>does not involve a market transaction.</u>

<u></u>

<h3><u>What exactly is a market transaction?</u></h3>

The trading of commodities and services on a market. When calculating gross domestic product, the set of market transactions that take place in the economy is crucial (GDP). Market transactions offer the fundamental information that the Bureau of Economic Analysis' number crunchers use to start estimating GDP.

These number crunchers' objective is to assess economic production rather than merely market transactions. As a result, they boost economic production while removing those market transactions that do not entail it.

Learn more about GDP with the help of the given link:

brainly.com/question/16931817

#SPJ4

6 0

2 years ago

Beginning work in process was $125,000. Manufacturing costs added to production for the month were $835,000. There were $200,000

Nataly_w [17]

Answer:

c. $ 760,000

Explanation:

For computing the cost of goods manufactured, we have to use the formula which is shown below:

Cost of goods manufactured= Beginning work in process + manufacturing cost - ending work in process

= $125,000 + $835,000 - $200,000

= $760,000

Beginning work in process + manufacturing cost is called total work in process for a given period

7 0

3 years ago