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Diano4ka-milaya [45]
3 years ago
15

Use the following items to determine the total assets, total liabilities, net worth, total cash inflows, and total cash outflows

.
Rent for the month $700 Monthly take-home salary $2,735
Spending for food $620 Cash in checking account $560
Savings account balance $2,000 Balance of educational loan $2,820
Current value of automobile $9,750 Telephone bill paid for the month $120
Credit card balance $290 Loan payment $190
Auto insurance $340 Household possessions $4,500
Video equipment $2,625 Payment for electricity $145
Lunches/parking at work $235 Donations $270
Personal computer $1,750 Value of stock investment $1,135
Clothing purchase $165 Restaurant spending $185
a. Total assets $
b. Total liabilities $
c. Net worth $
d. Total cash inflows $
e. Total cash outflows $
Business
1 answer:
Alexxandr [17]3 years ago
4 0

Answer: should be b

Explanation:

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Indicate the missing amount for each letter.
ExtremeBDS [4]

Answer:

Follows are the solution to this question:

Explanation:

                                                       Case 1

                                      Production cost of goods

Work is under way, start                                                            1510

Material direct                                     9780

Labor Direct                                        5950

Overhead production                        8870

Total cost of production                                           24600  

Total work costs under way                                     26110

Less: Finishing job in phase                                       8140

Generated cost of goods                                          17970

7 0
2 years ago
Van, a friend of yours from high school, recently called. He asked if you could explain to him how the value of his portfolio wo
12345 [234]

Answer:

Van is asking about Investment area of finance.

Explanation:

  • The developments reported can affect the market sentiments generally.
  • The service provided by the Finance professional to his investor friend in the given context is advice regarding Investments.
  • A investment is a resource or thing gathered fully intent on creating pay or acknowledgment.
  • In a monetary viewpoint, a venture is the acquisition of merchandise that are not devoured today however are utilized in the future to produce abundance

Learn more about investment, refer :

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6 0
2 years ago
MW Company manufactures down-filled comforters and uses an activity-based costing system. During the current period, the company
Scilla [17]

Answer:

MW Company

Activity rate for order process = $54,120/660

= $82 per order

Explanation:

a) Data and Calculations:

Production = 16,500 units

Direct labor = 19,800 hours

Machine hours = 21,450 hours

No. of orders = 660

No. of shipments = 165

Order-processing cost pool = $54,120

Shipping cost pool = $14,025

Assembly cost pool = $71,280

Activity rate for order process = $54,120/660

= $82 per order

b) MW Company uses an activity-based costing system to identify its activities into cost pools and assign the cost of each activity pool to the products and services according to their actual consumption of the activities.  The activity-based costing technique provides a more accurate method for determining the costs of products and services.  As a more accurate method for pricing decisions than other traditional methods, activity-based costing technique increases management's understanding of overheads and cost drivers and makes activities that are costly and non-value adding to become more visible, allowing managers to reduce or eliminate them, because these activities add costs to the production system.

3 0
2 years ago
Assume that MTA Sandwiches sells sandwiches for $7.20 each. The cost of each sandwich follows. Materials $ 2.70 Labor 0.90 Varia
VARVARA [1.3K]

Answer:

MTA Sandwiches

a. A Schedule:

                                  Special Order  Regular Production    Total

Total contribution       $540                   $18,900                $19,440

Fixed overhead              0                        10,800                  10,800

Profit                           $540                     $8,100                  $8,640

Profits increased by $540 with the special order.

b. The lowest price per sandwich at which this special order  of 400 sandwiches can be filled without reducing MTA's profits is $4.05.  This is equal to the unit variable cost.  At this price, neither profit will be generated nor loss incurred from the special order.

Explanation:

a) Data and Calculations:

Cost of each sandwich:

Materials                             $ 2.70

Labor                                     0.90

Variable overhead                0.45

Fixed overhead

($10,800 per month,

6,000 units per month)       1.80

Total costs per sandwich $ 5.85

b) Computation of total profit for special order and regular production:

                                      Special Order     Regular Production   Total

Selling price =                           $5.40         7.20

Variable (Relevant) cost:

Materials                   $ 2.70

Labor                           0.90

Variable overhead      0.45      $4.05        $4.05

Contribution per unit                $1.35         $3.15

Total contribution ($1.35*400) $540     $18,900  ($3.15*6,000)   $19,440

Fixed overhead                                                                                  10,800

Profit                                                                                                  $8,640

5 0
3 years ago
David works for a cookie company downtown. He earns $7 per hour. In a typical week, he works 22 hours. His employer provides ove
Mariulka [41]

Answer:

$242

Explanation:

Calculation to determine How much can David make this week

Earnings for David =( 22*$7) + (1100*8%)

Earnings for David=$154*$88

Earnings for David= $242

Therefore How much can David make this week is $242

4 0
3 years ago
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