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Luba_88 [7]
3 years ago
13

Job cost sheets constitute the subsidiary ledger for the

Business
1 answer:
Sergeeva-Olga [200]3 years ago
8 0
<span>Job cost sheets which are maintained by the project management team constitute the subsidiary ledger for keeping the inventory of work in process. This keeps a check on the resources provided by the client and resources going out to the team member of the job. Thus these job sheets make a list of the costs involved in the job until it’s completed.</span>
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During 2022, Oriole Company sold equipment with a book value of $158400 for proceeds of $191400. The company purchased new equip
kramer

Answer:

Cash Inflow of $191,400

Explanation:

There are three types of activities in the cash flow statement which are described below:  

1. Operating activities: It includes those transactions which affect the working capital after net income. The increase in current assets and a decrease in current liabilities would be deducted whereas the decrease in current assets and an increase in current liabilities would be added.  

These changes in working capital would be adjusted. Moreover, the depreciation expense is added to the net income

2. Investing activities: It records those activities which include purchase and sale of the long term assets. The purchase is an outflow of cash whereas sale is an inflow of cash

3. Financing activities: It records those activities which affect the long term liability and shareholder equity balance. The issue of shares is an inflow of cash whereas redemption and dividend is an outflow of cash.

In the given case, the sale proceed of equipment is consider in the investing activity i.e $191,400

5 0
3 years ago
A company’s retained earnings increased $375,000 last year and its assets increased $973,000. The company declared a $79,000 cas
Alex Ar [27]

Answer:

C. $454,000.

Explanation:

We know that

The ending balance of retained earnings = Opening balance of retained earnings + net income - dividend paid

$375,000 = $0 + net income - $79,000

So, the net income would be

= $375,000 + $79,000

= $454,000

The ending balance of retained earnings - Opening balance of retained earnings is also known as increase in retained earning

6 0
3 years ago
There are more corporations in this country than any other business structure.<br> OTrue<br> O False
Ket [755]
It would be false, Shareholders in a corporation are legally considered partial owners of the corporation.
6 0
3 years ago
Read 2 more answers
The New American Enterprise Mutual Fund's portfolio is valued at $120,000,000. The fund has liabilities of $4,000,000, and the i
sasho [114]

Answer:

e. $20

Explanation:

The net asset value (N) for The New American Enterprise Mutual Fund's portfolio is given by the funds total value ($120,000,000) subtracted by its liabilities ($4,000,000)  and then divided by the number of shares issued (5,800,000) .

N = \frac{\$120,000,000-\$4,000,000}{5,800,000} \\N=\$20

The fund's net asset value is $20

3 0
3 years ago
What are the primary strategies that can help groups reach consensus?
stiv31 [10]

Answer and explanation:

In the decision-making process, the consensus is the point at which the members of a given group agree with having decided which is the best path they should take to reach an objective. Strategies that can help come to that state faster include encouraging participation since the most team members collaborate in the decision-making, the more involved they will be the project; introducing a voting system in case there are too many differences among the team members to eventually decide what the majority agrees with; and, creating a team developing a solution in case natural consensus cannot be achieved. They will be in charge of deciding what to do based on information obtained from the discussion.

5 0
3 years ago
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