Answer:
$4,000
Explanation:
Preparation of the journal entry.
Based on the information given we were told that The indirect materials totaled the amount of $4,000 which means that the appropriate journal entry to record this requisition would include a DEBIT TO MANUFACTURING OVERHEAD of the amount of $4,000.
(To record requisition)
Answer:
The company’s cash flows from operating activities was a cash inflow of $5,000
Explanation:
Cash at the end of the year = Cash at the beginning of the year + Net cash inflows from investing activities + Net cash inflows from financing activities + Net cash inflows from operating activities
Therefore,
Net cash inflows from operating activities = Cash at the beginning of the year + Net cash inflows from investing activities + Net cash inflows from financing activities - Cash at the end of the year = $340,000 + $40,000 + $45,000 - $420,000 = $5,000 >0
The company’s cash flows from operating activities was a cash inflow of $5,000
Answer:
B) they do not have a need for the products or services her company is offering
Explanation:
The reason why Megan will not consider the two prospects qualii leads is if they do not need her companie's products.
For these other options, they have the need but need further follow-up
a. They do not have the budget or financial resources to purchase the product.
c. They are too busy to meet with salespeople.
d. They do not have the authority to make a purchase decision.
e. They are not in her company's target market.
Answer:
. All countries can gain from trade if they all specialize in production according to comparative advantage
Explanation:
Comparative advantage is when a country produces a product at a lower opportunity cost when compared with its trading partners.
Absolute advantage is when a country produces more quantities of goods and services than its trading partners.
A country can still have comparative advantage in production if opportunity cost is increasing once it's opportunity cost doesn't become greater than that of its trading partners.
A country can have comparative advantage without having absolute advantage.
I hope my answer helps you.
Answer:
b. A deduction from net income in determining cash flows from operating activities.
Explanation:
An increase in prepaid expenses is deducted from Net Income. The reason behind it very simple and no rocket science is there. Lets take Insurance as a prepaid expense. You Paid in-advance for Insurance, it increase your current asset that is Prepaid Insurance BUT at the same time cash went out of the Business.
I hope I made it clear to you. If you still have any queries, feel free to ask me.
Thanks!
