Answer:
Average fixed cost= $1.43
Explanation:
Giving the following information:
Production costs:
Rent= $5,000
Direct labor= $2,500
Direct material= $5,000
Usually, the direct labor cost is variable. In some conditions, it is a fixed cost. <u>We will consider it as a variable cost.</u>
Total fixed cost= 5,000
Average fixed cost= 5,000/3,500
Average fixed cost= $1.43
Answer:
D. Cash flow statement
Explanation:
A cash flow statement refers to a financial statement which is used to record and summarize the amount of liquid assets (cash and cash equivalents) entering and leaving a business entity.
Cash flow can be defined as the net amount of cash and cash-equivalents that is flowing into (received) and out (given) of a business. There are three components of the cash flow;
1. Operating cash flow: all cash generated from the business activities of an organization.
2. Financing cash flow: all payments made by an organization and profits from issuance of debts and equity.
3. Investing cash flow: costs associated with purchasing of capital assets and investments of cash resources in other businesses.
Hence, if you want to make sure a company has enough money available to pay its bills, the financial statement which would be most helpful is the cash flow statement because it is used to measure and analyze how well the company is doing financially in terms of generating revenue to pay its bills and debts.
Answer:
1.conduct market research.Market research will tell you if there is an opportunity to turn your plan into successful business
2.write your business plan
3.fund your business
4.pick your business location
5.choose your business location
6.choose your business name
7.register your business
8.get federal and state tax IDs
Answer:
bank service expense 15 debit
cash 15 credit
Adjusted cash = 1,630
Explanation:
1,645
-15 bank services
1,630 adjusted cash balance
The accountant realize of the <u>service fee</u> at the momentof receive the bank statement, so it <u>wasn't recorded. It must be adjusted</u>
<em>The outstanding checks are an adjustment made on the bank statement</em>
