Which of the following tabs on the ribbon contains the command to record macro

The following are the transactions of Spotlighter, Inc., for the month of January:

LenaWriter [7]

Answer:

Explanation:

The presentation of the classified balance sheet is presented below:

Spotlighter, Inc.

Classified balance sheet

For the month of January

Assets Amount Liabilities & Stockholder Equity Amount

Cash $9,170 Notes payable $6,390

Supplies $2,100 Account payable $1,250

Total current assets $11,270 Total current liabilities $7,640

Long term Asset Stockholder equity

Equipment $2,100 Common stock $5,730

Total long term equipment $2,100 Total owner equity $5,730

Total Assets $13,370 Total liabilities

and owners equity $13,370

The computation is shown below:

For cash

= $5,040 + $5,730 - $750 - $850

= $9,170

For supplies

= $850 + $1,250

= $2,100

For notes payable

= $2,100 - $750 + $5,040

= $6,390

7 0

4 years ago

Differential costs are: (CMA adapted) Multiple Choice the difference in total costs that result from selecting one choice instea

user100 [1]

Answer:

The correct answer is letter "A": the difference in total costs that result from selecting one choice instead of another.

Explanation:

Differential cost is the result of subtracting the costs of two different options from where only one is to be selected. The concept is mostly used at the moment of producing when the firm must find out the difference in manufacturing one more unit of a good. Differential costs can be variable or fixed costs.

4 0

4 years ago

Financial reports provide information that can reduce investors' uncertainty about the company's opportunities and risks, thereb

Lera25 [3.4K]

Answer:

False

Explanation:

The given statement is false Financial reports does not provide information that can reduce investors uncertainty about the company's opportunities and risks, thereby raising the company's cost of capital.

Financial report of a company contains balance sheet, income statement and discussion of the management. It also indicate company's financial health and earning potential. But it cannot reduce the risk of investors uncertainty.

4 0

3 years ago

The correct order to present current assets is ___________.

Rama09 [41]

Answer:

B. Cash, accounts receivable, inventories, prepaid items.

Explanation:

In the balance sheet, assets are presented in an orderly manner guided by the amount of time they take to convert into cash. Assets requiring the shortest time to convert into cash will appear first. Cash will always be on top as it does not require conversion.

Goodwill comes last as the business will have to be sold for it to turn into cash.

In the list provided, cash will appear first.
Accounts receivable is money a business expects to receive from customers for goods or services provided. In practice, the money should be received within 60 days
Inventories in assets refer to finished goods in the store. They are awaiting sales. Inventories will take longer as stocks have to be sold and become account receivable before converting to cash.
Prepaid items are expenses paid before their due date. They appear in the balance sheet as cash assets because they have not been consumed. The expectation is that they will be utilized within the current year. Converting into cash them will require getting a refund from the recipient of the funds, which could be a lengthy process.

8 0

3 years ago

Lillich, Inc., manufactures and sells two products: Product U6 and Product R5. Data concerning the expected production of each p

Goryan [66]

Answer:

Lillich, Inc.

c. The unit product cost of Product U6 under traditional costing is greater than its unit product cost under activity-based costing by $5.63.

Explanation:

a) Data and Calculations:

Direct labor rate = $28.00 per DLH

Product U6 Product R5 Total

Expected production 690 1,060

Direct materials cost/unit $250.40 $167.80

Direct Labor Hours/unit 8.9 5.9

Total direct labor hours 6,141 6,254 12,395

Direct labor costs $171,948 ($28*6,141) $175,112 ($28*6,254)

Total direct materials cost $172,776 ($250.4*690) $177,868 ($167.8*1,060)

Total overhead $636,360 $658,752 $1,295,112

Total production cost $981,084 $1,011,732

Expected production 690 1,060

Cost per unit $1,421.86 $954.46

Traditional costing:

Direct labor costs $171,948 ($28*6,141) $175,112 ($28*6,254)

Total direct materials cost $172,776 ($250.4*690) $177,868 ($167.8*1,060)

Total overhead $641,612 $653,418 $1,295,112

Total production cost $986,336 $1,006,398

Expected production 690 1,060

Cost per unit $1,429.47 $949.43

Allocation of overhead based on direct labor hours

= $ 1,295,086/12,395

= $104.48 per DLH

Product U6 = $641,612 ($104.48 * 6,141)

Product R5 = $653,418 ($104.48 * 6,254)

Estimated Expected Activity

Activity Cost Pools Activity Overhead Product Product Total

Measures Costs U6 R5

Labor-related DLHs $ 201,638 7,125 7,280 14,405

Production orders Orders 72,840 1,350 1,250 2,600

Order size MHs 1,020,608 6,500 6,800 13,300

Total $ 1,295,086

Overhead rates:

Labor-related = $201,638/14,405 = $14.00 per DLH

Production orders = $72,840/2,600 = $28.00 per order

Order size = $1,020,608/13,300 = $76.74 per machine hour

Overhead allocation:

Product U6 Product R5 Total

Labor-related $99,750 (7,125*$14) $101,920 (7,280*$14) $201,670

Production orders 37,800 (1,350*$28) 35,000 (1,250*$28) 72,800

Order size 498,810 (6,500*$76.74) 521,832 (6,800*$76.74) 1,020,642

Total overhead $636,360 $658,752 $1,295,112

5 0

3 years ago