Answer:
$56,000
Explanation:
Given the above information, we will calculate first the total cash flow.
Total cash flow = Opening cash receivable + Sales - Ending cash receivables
= $196,000 + $880,000 - $226,000
= $850,000
Ending cash balance = Opening cash balance + Total cash flow - Cash disbursement
= $146,000 + $850,000 - $940,000
= $56,000
Answer:
B) $1.40 per machine hour
Explanation:
Total machine hours = 29,000 + 48,000 = 77,000
Predetermined overhead allocation rate = Total estimated overhead costs / Total estimated quantity of the overhead allocation base
= $108,000 / 77,000 machine hours
= $1.40 per machine hour
Answer:
It is Conciseness (D)
Explanation:
Comparability : the financial information produced should be capable of being compared over time and with similar information about other entities.
Timeliness : Financial information should be provided within a time scale suitable for the users decision making purposes.
Reliability : Information contained in the financial reports should inspired confidence in their users which they can rely on in making relevant decision.
Conciseness : This is not part of financial information characteristics.
Answer:
1. Which of the excluded items represent ongoing costs of running the business and which are one-time "special" costs?
it depends on the company and the actual transactions, e.g. equity based compensation might be a one time special cost because it occurred only once and is doubtful that it happens again. But if the company regularly rewards its top managers with this type of compensation, then it is an ongoing cost. E.g. Tesla awarded a HHHHUUUUUUGGGGGGGEEEEEEE bonus to Elon Musk (worth hundreds of millions) but it was a one time event. While many companies use equity compensation on a regular basis.
Severance and related employee "rebalancing" costs generally take place when a company fires a lot of people because it is cutting down some division or product line. Hopefully, they should never happen, and if they do, it should be only a one time event.
Fees paid to consultants and interest expenses are ongoing costs that will probably occur in the future.
Losses related to the abandonment of excess facility space and a facility fire should be one time events. It would be really bad for them to keep happening (same as severance and rebalancing costs)
Answer:
the Notary Signing Agent should just complete the Signing assignment
Explanation:
In this specific scenario, the Notary Signing Agent should just complete the Signing assignment. This is mainly due to the fact that the Notary agent is commissioned in a state that does not require journal thumbprints, therefore since the borrower has all the correct paperwork requirements the Notary agent would not be breaking any laws by completing the signing assignment, even though it breaks his consistent practice.
