Answer:
The net increase in cash was 215,900
Explanation:
In order to calculate the cash increase we will start from net income, add depreciation expense because it is a non cash expense, add the loss on equipment because the loss on equipment isn't reducing cash, then we will subtract the increase in accounts receivable because it is an asset which is increasing ,then we will add the decrease in prepaid expenses as it is an asset decreasing,then we will add the increase in accounts payable as it is a liability which is increasing, we will subtract the decrease in the wages payable because it is a liability which is decreasing, we will subtract the increase in equipment as it is a asset increasing and at the end we will subtract the decrease in notes payable as it is a liability which is decreasing.
330,000
+106,700
+11,500
-46,200
+11,700
+17,700
-14,500
-86,000
-115,000
=215,900
The net increase in cash was 215,900
Answer:
c. Ending inventory will be lower if Blake uses weighted average than if FIFO were used
Explanation:
To check which answer is correct, we simply evaluate each option step by step.
<u>Option A</u>
Gross margin is the difference between selling price and cost.
Under FIFO gross margin is $14. (32 -18 =14)
Under LIFO gross margin is $13. (32-19 = 13)
Thus statement is incorrect as gross margin is higher if FIFO is used.
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<u>Option B</u>
If FIFO is used, the dollar amount of ending inventory will be $19 as ending inventory will contain product purchased later that is at $19. In contrast, if LIFO is used, the dollar amount of ending inventory will be $18. Thus the statement becomes incorrect that it will be the same.
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<u>Option C</u>
The ending inventory under FIFO is $19.
The ending inventory under LIFO is $18
The endng inventory under AVCO or weighted average will be, 18+19 / 2 = 18.5
Thus the statement is correct as the ending inventory under weighted average $18.5 is lower than ending inventory under FIFO $19. So, C is the correct Answer.
Answer:
Production manager
Explanation:
Production manager -
It refers to the person , responsible to organise the business , employment problems , finances , and production is the task assigned to a product manager .
The production manager is responsible for the planning the budget , so that finances are taken care of properly .
Hence , from the given information of the question,
The correct answer is production manager .
Do you have answer choices?
Digital Technology and AI boom has completely transformed the job market and its effects have by now stabilized.
Explanation:
Manual jobs in general are declining as automate work becomes more affordable. This means that working in factories and day to day menial labor goes less in demand.
<u>Jobs in the AI, robotics and engineering sectors have been on a boom but as AI progresses and more and more information goes digital, Linguistics has also come into play with programming.</u>
These jobs are only going to be more in demand as the time goes on.