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3 years ago

Inventory balances for the Jameson Company in October 2018 are as follows:

Business

1 answer:

lbvjy [14]3 years ago

8 0

Answer:

Total manufacturing costs added to production $186,000

Explanation:

The computation of the total manufacturing cost to be added is given below:

Raw materials,beginning $27,000

Add: Purchases of direct materials $36,000

Less: Raw materials,ending -$21,000

Direct materials used $42,000

Direct labor $60,000

Factory overhead costs $84,000

Total manufacturing costs added to production $186,000

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Which of the following is added to net income to reconcile to cash from operations?

skad [1K]

Answer:

E. None of the above

Explanation:

The only two accounts that you must add to net income are the amortization and depreciation

In order to reconcile net income to cash from operations the Amortization and Depreciation must be added to Net Income.

Why? because These accounts: Amortization and Depreciation are not cash accounts. This means that the figures in amortization and Depreciation are not actual outflows of cash but just a bookkeeping figure.

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3 years ago

In Waterway Company, Treasury Stock increased $20400 from a cash purchase, and Retained Earnings increased $80200 as a result of

Verizon [17]

Answer:

$59,900

Explanation:

Cash flow from Financing activities

Particulars Amount

Cash paid for treasury stock $20,400

Cash dividends $39,500

Net cash used by financing activities $59,900

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3 years ago

What types of information does a W-2 form contain? Check all that apply

vovangra [49]

Answer:

Normally "check all that apply" is followed by answers to check...

Explanation:

A W-2 is a Tax statement

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3 years ago

An entrepreneur purchased an existing bicycle shop that had between $120,000 and $150,000 worth of sales annually for the past t

stepan [7]

Answer:

Forecasted sales: 25% maximum reduction.

Recommendations: try new ways to increase sales during the months left, or reduce its own cost.

Explanation:

If sales usually increase between March 1 and June 30, and this period accounts for 50% of annual revenue, if revenue is proportional to sales, a reduction in sales will reduce revenues.
Between March 1 and June 30 there are 4 months.
If sales usually pick up in March and this year they were low until the beggining of May, it means that only 2 of the 4 most productive months were higly productive.
If 50% of sales are concentrated in this 4 months, and this year 2 of the 4 months were not really productive, a maximum 25% of sales (and hence of revenues) may have lost.
Therefore, revenues may lower by 25% this year.
To avoid losses, it is advisable to try new ways to increase sales during the months left, that can consist on doing some advertisement and promotions (related to health care linked to exersice for example), that helps increasing sales in the months left, to compensate the looses of the 2 months. If sales cannot be increased, it is advisable to reduce cost to avoid further looses.

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3 years ago

Fire insurance policies include deductibles:

stiv31 [10]

1. A im not to sure for this one.... :/
2. A Signaling ; reputation

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3 years ago