OD they are able to use a franchiser proven
Answer:
The cash flows from the firm and the cash flows to investors of the firm is -$25,900 and -$8,000 respectively
Explanation:
The computation is shown below:
Cash flows from the firm = Fixed asset purchased amount + inventory purchased amount
= -$22,500 + -$3,400
= -$25,900
And, the cash flows to investors of the firm is
= Long-term borrowing + common stock sale value + dividend payment made
= -$18,500 + -$5,500 + $16,000
= -$8,000
Answer:
$687,100
Explanation:
Cost of Goods Manufactured = Raw Materials Used + Direct Labor + Factory Overhead +Beginning Work in Process - Ending Work in ProcessCost of Goods Manufactured = $298,500 + $132,000 + $264,000 + $118,500 - $125,900 =$687,100
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Answer:
In 2017
Net Income and Retained Earning are overstated by $100,000
Expenses and Payables are understated by $100,000.
In 2018
Inventory, Net Income and Retained Earning are understated by $57,000
Expenses are overstates by $57,000
Explanation:
Accrued Salaries is Recorded as follow
Dr. Salaries Expense
Cr. Salaries Payament
Non recording of this entry will result in understatement of Expenses and Payables by $100,000 over statement of Net income and retained earning by the same amount.
Treatment of Office supplies of $57,000 as expense will overstate the expenses and understate the the inventory, Net income and Retained Earning.