Answer:
$310,500
Explanation:
The first step is to calculste the increase in account payable
= ending amount-beginning balance
= $29,000-$11,500
= $17,500
Decrease in account receivable
= $21,000-$18,000
= $3,000
Therefore the cash flow can be calculated as follows
= $290,000 + $17,500 + $3000
= $310,500
Answer:
A) Year 1 cost of goods sold
B) Year 2 cost of goods sold
D) Year 2 beginning inventory
Explanation:
A) Year 1 expense of merchandise sold : The Current year cost of Goods Sold is processed by deducting finishing stock from Opening Inventory and Purchases made during the year. So in the event that the completion stock isn't right, at that point the result of above calculation will not be right so the Year 1 expense of merchandise sold for example (Current year cost of Goods Sold) will be inaccurate.
D) Year 2 starting stock: year 2 starting stock is equivalent to year 1 completion stock. So on the off chance that off-base stock estimation is made at end of earlier year, at that point current year opening worth will be carried on as off-base.
B) Year 2 expense of merchandise sold: The explanation is same as ans q(i.e. Year 1 expense of merchandise sold) as off-base convey forward opening stock worth will bring about wrong calculation of cost of products sold for year 2.
Answer:
Direct labor rate variance= $1,666 favorable
Explanation:
Giving the following information:
The company produced 5,200 units in January using 2,380 direct labor-hours.
The actual direct labor rate was $19.30 per hour
<u>To calculate the direct labor rate variance, we need to use the following formula:</u>
<u></u>
Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity
Direct labor rate variance= (20 - 19.3)*2,380
Direct labor rate variance= $1,666 favorable
Answer:
Apps,streamline
Explanation:
The QuickBooks EcoSystem can be regarded as a quick box software along with different apps that has connection with it. It brings about good functionality in Businesses, through QuickBooks EcoSystem, accountant of a company can easily connect with different apps that allows to manage client and improve productivity. It should be noted QuickBooks Online ecosystem gives you and your clients access to a wide range of apps to help streamline their business and increase efficiencies.
Answer:
The correct answer is: monetary value of all final goods and services produced within the borders of a nation in a particular year.
Explanation:
GDP of a nation can be defined as the monetary value of all the goods and services that are produced within the geographical boundaries of the nation in a year.
The GDP does not include intermediate goods and services as it may lead to double counting. The reselling of objects is also not included.
It is used to measure the health of a nation's economy. It shows the level of economic activities in a nation. An increase in GDP means economic growth.
