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3 years ago

You are analyzing the Statement of Cash flows for Coffey Corporation. You have the following information:

Business

1 answer:

WITCHER [35]3 years ago

6 0

Answer:

Therefore the correct option is c. $183

Explanation:

The computation of the beginning cash is shown below:

As we know that

Beginning cash is

= Ending cash - net cash increase

= $285 - $102

= $183

Hence, the beginning cash is $183

Therefore the correct option is c. $183

We simply applied the above formula so that the correct value could come

And, the same is to be considered

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1. As time passes, fixed assets, other than land, lose their capacity to provide useful services. To account for this decrease i

Feliz [49]

Answer:

The correct option is b. depreciation

Explanation:

For allocation of fixed assets to expense, the following options is available which is shown below:

1. Equipment allocation : The equipment allocation is not decrease its value neither its usage. So, it would not be considered.

Hence, this option is incorrect.

2. Depreciation : Depreciation is a decrease value of assets due to tear, wear, obsolescence of the fixed assets. Moreover, the usage of the assets is also less than before. The production level goes decreasing with passage of time.

Hence, this option is correct.

3. Accumulation: In simple words, accumulation means something which is acquired. But this thing is not match what the question has asked.

So, this option is not right.

4. Matching: The matching principle matches the expenditure with its income on that period. But in the given question, the value of the asset is decrease so, it would be a wrong option as it is not related to the decreasing value, or capacity value.

Hence, this option is incorrect.

Thus, The correct option is b. depreciation

5 0

3 years ago

It costs $1 billion to build a new fabrication facility. You will be selling a range of chips from that factory, and you need to

pishuonlain [190]

Answer:

Explanation:

Find the workings in the attached

3 0

3 years ago

What do trade associations provide?

jeyben [28]

Answer: Trade associations are non-profit organizations whose primary purpose is to <u>provide different learning tools for businesses in a particular industry.</u>

7 0

4 years ago

If the cost of the beginning work in process inventory is $50,000, direct materials cost is $340,000, direct labor cost is $206,

posledela

Answer:

The cost of goods manufactured is $860,000

Explanation:

The cost of goods manufactured = The cost of the beginning work in process inventory + direct materials cost + direct labor cost + overhead cost - the ending work in process inventory.

The company has the cost of the beginning work in process inventory is $50,000, direct materials cost is $340,000, direct labor cost is $206,000, an overhead cost is $309,000, and the ending work in process inventory is $45,000

The cost of goods manufactured = $50,000 + $340,000 + $206,000 + $309,000 - $45,000 = $860,000

5 0

4 years ago

Grand Trunk Inc., a furniture manufacturing company, does not manufacture furniture until an order is received. It coordinates a

sleet_krkn [62]

Answer:

supply chain management

Explanation:

Supply chain management -

It refers to the management for the flow of services and goods along with the process that are responsible for the conversion of the raw products to final goods and services , is referred to as the supply chain management .

The process like supplying , designing , production , quality control etc. are all process in supply chain management .

Hence , from the given scenario of the question ,

The correct answer is supply chain management .

7 0

3 years ago