1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
sweet-ann [11.9K]
2 years ago
7

Yowell Company began operations on January 1, Year 1. During Year 1, the company engaged in the following cash transactions: 1)

issued stock for $66,000 2) borrowed $38,000 from its bank 3) provided consulting services for $64,000 cash 4) paid back $28,000 of the bank loan 5) paid rent expense for $15,500 6) purchased equipment for $25,000 cash 7) paid $4,300 dividends to stockholders 8) paid employees' salaries of $34,000 What is Yowell's net cash flow from operating activities?
Business
1 answer:
solniwko [45]2 years ago
5 0

Answer:

The Yowell's net cash flow from operating activities is $14,500

Explanation:

In the direct method, the operating activities record revenues and expenses which are earned and incurred during a particular year.

The computation of the net cash flow from operating activities is shown below:

= Consulting services revenue - rent expense - employees' salaries expense

= $64,000 - $15,500 - $34,000

= $14,500

The other items which are mentioned in the question are related to the investing and the financing activities. So, these items would not be considered in the computation part.

You might be interested in
What is the simplified base for the function f(x) = 2(3/272x)?
madam [21]
The answer to this is C
7 0
3 years ago
Did I do this finance question correctly?<br><br> (Please help asap)
katrin [286]

Answer:

kjasdhfkjsadhffjjh

Explanation:

eeeywerriwueeryy777777777777

6 0
3 years ago
Multiple Versus Single Overhead Rates, Activity Drivers Deoro Company has identified the following overhead activities, costs, a
WINSTONCH [101]

Answer:

Deoro Company

1. Unit cost using direct labor hours to apply overhead:

Unit Cost

Model A $167.985

Model B $226.99

2. Unit cost using the four activity drivers:

Unit Cost

Model A $133.97  

Model B $287.28

3. Activity-based costing method always produces the more accurate cost assignment.

Explanation:

a) Data and Calculations:

Activity                    Expected Cost      Activity Driver    Activity Capacity

Setting up equipment   $548,080       Number of setups          680

Ordering costs                 313,200        Number of orders     17,400

Machine costs                 939,400        Machine hours         42,700

Receiving                         343,000        Receiving hours         9,800

Total overhead costs $2,142,680

Activity Rates:

Setting up equipment   $806 per setup ($548,080/680)

Ordering costs              $18 per order ($313,200/17,400)

Machine costs              $22 per machine hour ($939,400/42,700)

Receiving                     $35 per receiving hour ($343,000/9,800)

                                    Model A            Model B

Direct materials        $600,000          $800,000

Direct labor               $480,000          $480,000

Overhead applied  $1,063,500        $1,018,200

Total costs              $2,143,500      $2,298,200

Units completed            16,000               8,000

Cost per unit                $133.97         $287.275

Direct labor hours          6,000               2,000

Number of setups             400                  200

Number of orders          6,000             12,000

Machine hours             24,000             18,000

Receiving hours             3,000               7,000

The company's normal activity is 8,000 direct labor hours.

Assignment of overhead costs:

                                        Model A                               Model B

Number of setups         $322,500 (400 * $806)    $161,200 (200 * $806)

Number of orders            108,000 (6,000 * $18)      216,000 (12,000 * $18)

Machine hours                528,000 (24,000 * $22)  396,000 (18,000 * $22)

Receiving hours               105,000 (3,000 * $35)    245,000 (7,000 * $35)

Total overhead applied $1,063,500                    $1,018,200

Overhead based on direct labor hours:

Total overhead costs = $2,143,680

Total direct labor hours = 8,000 (6,000 + 2,000)

Overhead rate per DLH = $267.96

Allocation of overhead:

                                    Model A                           Model B

Direct labor hours          6,000                            2,000

Overhead (DLH) $1,607,760 ($267.96 *6,000) $535,920 ($267.96  * 2,000)

                                    Model A            Model B

Direct materials        $600,000          $800,000

Direct labor               $480,000          $480,000

Overhead applied  $1,607,760          $535,920

Total costs             $2,687,760        $1,815,920

Units completed           16,000                8,000

Cost per unit            $167.985            $226.99

4 0
3 years ago
21. What are the benefits that may accrue to a community from busi
Ket [755]

Major benefits of business in the local economy include a boost in employment and discretionary income in the community, tax income increases for local governments and a loyal customer base for businesses.

4 0
3 years ago
Everything else held​ constant, an increase in currency holdings will cause A. the money supply to rise. B. checkable deposits t
liraira [26]

Answer:

C. the money supply to fall.

Explanation:

According to my research on economics, I can say that based on the information provided within the question an increase in currency holdings will cause the money supply to fall. This is because if people begin to hold this causes the cash flow to decrease and money supply decreases because of the low cash flow.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

6 0
3 years ago
Other questions:
  • Wood Carving Corporation manufactures three products. Because of a recent lack of skillled wood carvers, the corporation has had
    7·1 answer
  • Why is it important to compare the APR for credit cards?
    10·2 answers
  • A corporation reports the following year-end balance sheet data. The company's equity ratio equals: Cash $ 58,000 Current liabil
    5·1 answer
  • Social media has evolved in such a way that users expect to use SM applications without paying for them. SM firms want to build
    7·1 answer
  • To create a balanced budget one must make sure too
    7·1 answer
  • Imagine you are a consultant who has been asked to summarize the strengths and weaknesses of Directavia, a nation with a pure co
    14·1 answer
  • You interview a random sample of 50 adults. the results of the survey show that 46​% of the adults said they were more likely to
    13·1 answer
  • Which of the following is a geographic factor
    6·1 answer
  • Frictional unemployment is inevitable because: Please choose the correct answer from the following choices, and then select the
    5·1 answer
  • A public relations specialist earns $41,500 salary each year. He/she wants to spend no more than three times his/her salary on a
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!