Answer:
The amount of net cash provided by operating activities for 2021 reported in the statement of cash flows is $389,500.
Explanation:
Hogan Company
Statement of cash flows (extract)
Net income $390,000
Add: Increase in Accounts payable $13,000
Less: Increase in Accounts receivable ($4,000)
Less: Increase in Prepaid insurance ($9,500)
Net cash flows from operating activities $389,500
Answer: $1,017,000
Explanation:
In calculating product costs we take the following, Direct materials and direct labor, Other variable manufacturing costs, Depreciation of factory building and manufacturing equipment and Other fixed manufacturing costs.
We add all of those with the result being the Product cost.
Calculating therefore would give us,
= 770,000 + 135,000 + 87,000 + 25,000
= $1,017,000
$1,017,000 is the amount that should be considered product costs for external reporting purposes.
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Answer:
A function
Explanation:
A function is defined as a set of activities carried out by a particular department that involves process initiation, transform information, and follow procedures to give an output.
Business functions encourage specialisation, examples include cash management, invoicing, loan disbursement,customer care and so on.
Answer:
a) functional planning
Explanation:
Functional planning is a type of planning made to achieve consistent working of the company taking into account the function and of each and every department.
It is achieved by setting goals, continuously assessing the functions of every department, measuring the achieved goals (success) and projecting the future achievement of the company (foresight).