To solve:
Adjusted cash balance = (Cash balance + deposits in transit) - outstanding checks
Cash balance = $7,291
Deposits in transit = $1,350
Outstanding checks = $762
Adjusted cash balance = ($7,291 + $1,350) - $762
Adjusted cash balance = $8,641 - $762
Adjusted cash balance = $7,879
Answer:
The answer is "42700".
Explanation:
1 January 2020 Patent of Fair Value
Less: 2020 and 2021 amortisation
December 31, 2021 Patent reported amount
Answer:
$ 1,212 Net INCOME
Explanation:
Income Statement
$ 7,030 Sales
-$ 230 Sales returns and allowances
$ 6,800 Net Sales Revenues
-$ 90 Depreciation expense
-$ 3,400 Cost of goods sold
$ 3,310 Gross PROFIT
-$ 499 Advertising expense
-$ 114 Research and development expense
-$ 460 Salaries and Wages Expenses
-$ 105 Rent expenses
-$ 60 Utilities Expenses
-$ 1,238 Operating EXPENSES
$ 2,072 Operating INCOME
-$ 46 Loss on disposal of plant assets
-$ 161 Interest Expenses
-$ 207 NonOperating EXPENSES
$ 1,865 NET INCOME AFTER TAXES
-$ 653 Income Tax Expenses 35%
$ 1,212 Net INCOME
Answer:
3.33 valves/labor hour
Explanation:
Labor productivity refers to the number of goods produced with the employment of an hour into the production. It is calculated by dividing the number of goods produced by the number of labor hours employed.
Labor productivity of the line:
= Number of valves produced ÷ (Number of labor hours in a shift × Number of persons in assembly line)
= 200 ÷ (4 × 15)
= 200 ÷ 60
= 3.33 valves per labor hour