Answer:
1. a. Raw Materials
Materials left in storeroom
= (7,390 - 6,800) * $145
= $85,550
b. Work in Process
90% were completed so 10% was left. 100 batteries were removed from the 6,800 batteries.
= 10% * (6,700 * 145)
= $97,150
c. Finished goods
Unsold goods are 30%.
= 6,700 * 90% * 30% * 145
= $262,305
d. Cost of goods sold
Sold goods were therefore 70%
= 6,700 * 90% * 70% * 145
= $612,045
e. Selling expense
= 100 batteries used in sales staff cars * 145
= $14,500
2.
- Raw materials - Balance Sheet
- Work in process - Balance Sheet
- Finished goods - Balance Sheet
- Cost of goods sold - Income statement
- Selling expanse - Income statement
Answer:
B. Involve using resources to research, develop, purchase, produce, distribute and market products and services.
Explanation:
A financial statement can be defined as a written report used by financial experts or accountants to quantitatively describes the financial health of a company. Under the financial statements is a cash-flow statement, which is used to record the cash inflow and cash equivalents leaving a business firm.
Cash flow statement, also known as the statement of cash flows, contains financial information about operating, financial and investing activities.
Operating activities in the statement of cash-flow of a business firm gives a detailed description of the out-flow and in-flow of cash from liabilities and current assets account. Thus, all the net income or cash from all operational business activities of a company is recorded as operating activities.
Hence, operating activities involve using resources to research, develop, purchase, produce, distribute and market products and services. Some examples of operating activities are cash paid as an expense for merchandise, cash revenue generated from the sales of finished goods etc.
The potential profit if the future contract on the index for the stock is priced at $1350 will be $39.45.
<h3>What is potential profit?</h3>
The ability or the capacity of an individual or a group to potentially earn higher amount of monies in the future trading transactions during a given financial period, is known as potential profit.
The computation of potential profit will be such that the return at the rate of 3.8% would have a given a maximum return of $48.9 annually($24.45 in 6 months); however, the index after 6 months is priced at $1350.
Potential Profit= 91350-1335+24.450 = $39.45
Hence, the potential profit is as computed above.
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Answer:
Innovative company culture
Explanation:
This Characterizes a particular form of corporate culture mainly aimed at promoting creativity in business. Innovation Culture is the working environment that managers create to promote and apply unorthodox thought. Work environments that promote a creativity culture generally believe that creativity is not a leading province but it can originate from everyone.
