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Mumz [18]
3 years ago
12

Splish Brothers Inc. reported a net loss of $14400 for the year ended December 31, 2022. During the year, accounts receivable de

creased $33600, inventory increased $24000, accounts payable increased by $36000, and depreciation expense of $28800 was recorded. During 2022, operating activities:_____.
a. used net cash of $17,000.
b. used net cash of $29,000.
c. provided net cash of $24,000.
d. provided net cash of $21,000.
Business
1 answer:
svetlana [45]3 years ago
4 0
The answer is C
Provided net cash 24 k
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Merone Company allocates materials handling cost to the company's two products using the below data: Modular Homes Prefab Barns
Lady_Fox [76]

Answer:

Modular homes= $182,325

Explanation:

Giving the following information:

Modular Homes - Prefab Barns

Total expected material moves 500 100

The total materials handling cost for the year is expected to be $218,790.

<u>To calculate the allocated costs to each product line, first, we need to calculate the predetermined overhead rate:</u>

<u></u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 218,790/600

Predetermined manufacturing overhead rate= $364.65 per move

<u>Now, we can allocate overhead:</u>

Modular homes= 364.65*500= $182,325

Prefab Barnes= 364.65*100= $36,465

3 0
3 years ago
Label demand as elastic, unit elastic, or inelastic for each scenario. Use the midpoint method when applicable to calculate the
Alborosie

Answer:

The demand for signature lunchbox container is inelastic. Price elasticity of demand is -1

The demand for gasoline is inelastic. Price elasticity of demand is 0.5

The demand for bus in Austin is inelastic. Price elasticity of demand is -1.38

Explanation:

Midpoint formula for price elasticity of demand = (change in quantity demanded/average quantity demanded) ÷ (change in price/average price)

Signature lunchbox container

change in quantity demanded = 15,000 - 20,000 = -5000

average quantity demanded = (20,000 + 15,000)/2 = 35,000/2 = 17,500

-5000/17,500 = -0.286

change in price = 4 - 3 = 1

average price = 4+3/2 = 7/2 = 3.5

1/3.5 = 0.286

Price elasticity of demand = -0.286/0.286 = -1. The demand is inelastic because the price elasticity of demand is less than 1

Gasoline

Price elasticity of demand is 0.5. The demand for gasoline is inelastic because the price elasticity of demand is less than 1.

Bus in Austin

change in quantity demanded = 61,000 - 70,000 = -9,000

average quantity demanded = (70,000+61,000)/2 = 65,500

-9,000/65,500 = -0.137

change in price = 2.21 - 2 = 0.21

average price = (2+2.21)/2 = 2.105

0.21/2.105 = 0.0998

Price elasticity of demand = -0.137/0.0998 = -1.38. The demand for bus in Austin is inelastic because the price elasticity of demand is less than 1

3 0
3 years ago
Merchant Company purchased property for a building site. The costs associated with the property were: Purchase price $ 178,000 R
allochka39001 [22]

Answer:

$198,000 and $0

Explanation:

The calculation is shown below:

The Cost of the land is

= Purchase price +  Real estate commissions + Legal fees + Expenses of clearing the land + Expenses to remove old building

= $178,000 + $15,300 + $1,100 + $2,300 + $1,300

= $198,000

As the property is buy for the building site so here no cost will be recognized and allocated to the new building cost

hence, it would be zero

3 0
3 years ago
You are considering two independent projects that have differing requirements.
Ugo [173]

Answer:

I will accept Project "B."

Explanation:

Though, Project B has a higher required Return on Investment ROI which is 13.5% but has a progressive increasing cash flow of Project B has an initial cost of $70,000 and cash flows of $15,000, $18,000, and $41,000 for Years 1 to 3, respectively.

<em>Analysis of the Cash Flow: </em>

<em>$18,000.00 - $15,000.00 = $3,000.00</em>

<em>$41,000.00 - $18000.00 = $23,000.00.</em>

<em>∴ with Initial Outlay of $70,000.00</em>

<em>$3,000.00 + $23,000.00 = $26,000.00</em>

<em>while </em>

<em>Project A has a retrogressive trend of cash flow of $21,000.00</em>

<em>∴$49,000.00 - $21,000.00 = $28,000.00</em>

<em>$28,000.00 - $12,000.00 = $16,000.00</em>

<em />

<em>Therefore comparing the two figures from Project A & B respectively:</em>

<em>Project A = $16,000.00</em>

<em>Project B = $26,000.00</em>

<em>It shows a deficit of $10,000.00 for Project B & surplus of $10,000.00 for Project A in the 3 years of required ROI.</em>

4 0
3 years ago
What is the main responsibity of the national government ?​
Molodets [167]

Answer:

to serve the <em>nation</em><em> </em><em>and</em><em> </em><em>to</em><em> </em><em>develop</em><em> </em><em>it</em><em> </em>

5 0
3 years ago
Read 2 more answers
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