Answer:
A) $84,500
Explanation:
The cash flow statement categories the company's transactions in a financial period into 3 groups; these are operating, investing and financing.
The net profit/loss, depreciation, changes in current assets (other than cash) and liabilities are considered as operating activities including income taxes.
The sale of assets, interest received, purchase of investments are examples of investing activities while the issuance of stocks, debt principal deduction (loan settlement), issuance of debt securities etc are examples of financing activities.
Hence, amount of cash provided by operating activities
= -$3,000 + $1,000 + $1,500 + $85,000
= $84,500
The increase in asset other than cash is an outflow, increase in liability is an inflow of cash. Depreciation is a non-cash item added back while increase in building and bond payable are investing and financing activities respectively.
Answer:
the total utility in the case when you consume eight carrots is 5 utils
Explanation:
The computation of the total utility in the case when you consume eight carrots is shown below:
= Marginal utility when seventh carrot is consumed + marginal utility when eight carrot is consumed
= 3 utils + 2 utils
= 5 utils
Hence, the total utility in the case when you consume eight carrots is 5 utils
Answer:
This question is incomplete, here's the complete question:
As of the end of June, the job cost sheets at Racing Wheels, Inc., show the following total costs accumulated on three custom jobs.
Job 102 was started in production in May and the following costs were assigned to it in May: direct materials, $8,000; direct labor, $2,900; and overhead, $1,189. Jobs 103 and 104 are started in June. Overhead cost is applied with a predetermined rate based on direct labor cost. Jobs 102 and 103 are finished in June, and Job 104 is expected to be finished in July. No raw materials are used indirectly in June. Using this information, answer the following questions. (Assume this company�s predetermined overhead rate did not change across these months).
Explanation:
The process of Job costing is implemented in those industries where diverse jobs are undertaken. Each and every job has some unique and distinctive features that differentiate it from other. The total cost incurred for completion of Job is recorded in a sheet identified as the Job cost sheet. And after completion it is reassigned to finished stock.
Looking at the question, three jobs are considered. Job 102 was started in May and was completed by June. Other jobs begin in June and will be finished in July. The figures are to be calculated up to June.
The answer of point 1 and 2have been explained in the attached image: