Answer:
4000x70=280000
5350x62=331700
7542x49=369558
add that all up to get $981258
Hope this helps!
Answer:
First calculate total machine hours
1500 + 1500 + 4500 = 7500 total machine hours
personnel = 1500/7500 x 4,800
printing = 1500/7500 x 4,800
developing = 4500/7500 x 4,800
for personnel:
500 printing + 3,500 developing = 4,000
For Departments:
printing = 500/4,000 x 15,760
developing = 3,500/4,000x 15,760
Answer:
A net cash outflow or cash used up of $20,000
Explanation:
The statement of cash flows show the movement in cash balances between the start and end of an accounting period. This movement is as a result of 3 groups of activities namely; operating, investing and financing activities.
Cash activities related to elements of working capital are recognized in the operating section. An increase in a current asset other than cash is treated as an out flow of cash while an increase in a current liability is treated as an inflow of cash and vice versa.
Hence the net effect on cash from operations under the indirect method
= -$43,000 + $23,000
= -$20,000
Answer:
1. Which of the excluded items represent ongoing costs of running the business and which are one-time "special" costs?
it depends on the company and the actual transactions, e.g. equity based compensation might be a one time special cost because it occurred only once and is doubtful that it happens again. But if the company regularly rewards its top managers with this type of compensation, then it is an ongoing cost. E.g. Tesla awarded a HHHHUUUUUUGGGGGGGEEEEEEE bonus to Elon Musk (worth hundreds of millions) but it was a one time event. While many companies use equity compensation on a regular basis.
Severance and related employee "rebalancing" costs generally take place when a company fires a lot of people because it is cutting down some division or product line. Hopefully, they should never happen, and if they do, it should be only a one time event.
Fees paid to consultants and interest expenses are ongoing costs that will probably occur in the future.
Losses related to the abandonment of excess facility space and a facility fire should be one time events. It would be really bad for them to keep happening (same as severance and rebalancing costs)
Answer:
Net Income will be overstated
Explanation:
The journal entry for salaries payable is
Salaries Expense Dr.
To Cash A/C
(Being salaries paid recorded)
Salaries expense is charged to net income and the journal entry is
Net Income Dr.
To Salaries Payable
Salaries expense reduces net income as it being a deductible expenditure for a corporate.
In the given case, salary expense has been accounted as a product cost. This would reduce the expenses and thus would overstate the net income.
