Answer:
Meyers Corporation
Determining the amount of cash flows:
a. $60,000
b. -$45,000
c. -$1,500
d. $6,000
e. -$10,000
f. -$5,000
Classification as operating, investing, or financing activities:
a. Financing
b. Investing
c. Operating
d. Operating
e. Operating
f. Financing
Explanation:
Meyers Corporation prepares the statement of cash flows which classifies its financial activities into three main sections: operating activities, investing activities, and financing activities sections in order to present the statement in clear and understandable formats. This statement is one of the main financial statements that report the corporation's financial position and performance at the end of an accounting period.
"Creative thinking is a skill which lets you consider things from a fresh perspective and different angles. It's an inventive thought process which results in surprising conclusions and new ways of doing things. "
Answer:
It is convenient to make the changes.
Explanation:
Giving the following information:
Selling price= $57.60 per unit.
Direct materials= $22
Direct labor= $24
Variable overhead= $11.00
Fixed overhead= $11.00.
New costs:
Direct material cost= 22*1.2= $26.4
Direct labor cost= 24*1.2= $28.8
<u>I suppose that the selling price will increase by $40.</u>
To determine whether the changes increase profit or not, we need to calculate the unitary contribution margin per unit for both options:
Contribution margin= selling price - unitary variable cost
Actual Contribution margin:
Contribution margin= 57.6 - (22 - 24 - 11)= 0.6
New contribution margin:
Contribution margin= 97.60 - (26.4 - 28.8 - 11)= $31.4
Answer: A way to earn money.
Explanation: There are many other ways to earn, like selling drugs, or robbing a elderly woman who tries to hit you with her cheap shoulder bag. There are many ways.
