Answer:
a. $365,000
b. $346,800
Explanation:
The computations are shown below:
a. For product cost:
= Direct materials used + Direct labor + manufacturing overhead
where,
Manufacturing overhead = Indirect labor + Property taxes, factory + Depreciation of production equipment
= $45,000 + $18,900 + $42,200
= $106,100
So, the product cost would be
= $168,100 + $90,800 + $106,100
= $365,000
b. For period cost
= Marketing salaries + Administrative travel + Sales commissions + Advertising
= $51,700 + $100,800 + $50,000 + $144,300
= $346,800
Answer:
year zero cash flow 38,000
Explanation:
the year zero cash flow will consider all the necessary cost to get the machine and the project associated with it ready for use:
machine cost: 34,000
increase in working capital 4,000
year zero cash flow 38,000
the new sign in the office building is not a cost related to the project. It is not revelant therefore, we ignore it.
Answer:
A classified balance sheet is a class of balance sheet presentation that carefully displays all account balance listings into subcategories and in order of liquidity.
It is easier for a reader of the Account to follow the narrative and draw conclusions quickly, requiring less assumptions or queries from analysts over the qualification of the items.
Explanation
The balance sheet is contained in the attached document to preserve its form.
Answer:
$22,000
Explanation:
It is worth noting that for accounting purposes, restricted cash is one that is not readily available. Such inaccessible funds, therefore, cannot be reported in financial statements. A bank overdraft, on the other hand, is a liability. Lawrence should therefore report cash worth $ 22,000 only.
Answer:
75
Explanation:
Given the following nominal exchange rates;
120 yen = 1 U.S. dollar
1.60 Canadian dollar = 1 U.S. dollar
Therefore,
120 yen = 1.60 Canadian dollar
1 Canadian dollar = 120 yen/1.6
1 Canadian dollar = 75 Yen
It will take 75 Yen to buy a Canadian dollar.