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antoniya [11.8K]
3 years ago
6

Pick the correct statement related to pro forma statements from below. Multiple Choice Fixed assets must increase if sales are p

rojected to increase. Net working capital is affected only when a firm's sales are expected to exceed the firm's current production capacity. The addition to retained earnings is equal to net income less cash dividends. Long-term debt varies directly with sales when a firm is currently operating at maximum capacity.
Business
1 answer:
Alisiya [41]3 years ago
3 0

Answer:

The correct statement related to the pro forma statements is:

The addition to retained earnings is equal to net income less cash dividends.

Explanation:

When the beginning retained earnings are increased by the addition to retained earnings, it means that the cash dividends have been subtracted from the net income.  This addition is the leftover net income after offsetting the dividends.  It increases the retained earnings by the end of the financial period.

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Runaround Corporation sells running shoes and during January they ran production machines for 23,000 hours total and incurred $
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Answer:

The answer is: The variable maintenance cost is $0.21 per machine hour

Explanation:

To find the variable maintenance cost per machine hour we must divide the total amount spent in maintenance costs by the total amount of production hours.

Since both production hours and maintenance cost vary so much, we must high-low method:

variable maintenance cost = (highest maintenance cost - lowest maintenance cost) / (highest machine hours - lowest machine hours)  =

= ($10,500 - $8,600) / (23,000 - 14,000) = $0.21 per machine hour

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Human resource management requires the ability to communicate through a variety of channels. T/F
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Answer:

true

Explanation:

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3 years ago
qzuilet which of the following best describes upics? a. upics are federally funded. b. upics are paid by grant monies. c. upics
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Private businesses are employed by CMS as the Unified Program Integrity Contractor (UPIC).

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4 0
1 year ago
Who is responsible for filing your federal tax return?
Setler79 [48]
The answer is B, your employer:)
8 0
3 years ago
An analysis of the accounts of Roberts Company reveals the following manufacturing cost data for the month ended June 30, 2017 I
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Answer:

<u>cost of goods manufactured schedule</u>

Raw Materials ($9,180 + $55,020 - $17,480)          $46,720

Direct Labor                                                               $51,740

Manufacturing overheads :

indirect labor                                                               $6,510

factory insurance                                                       $4,700

machinery depreciation                                            $4,380

machinery repairs                                                       $1,990

factory utilities                                                            $3,740

miscellaneous factory costs                                       $1,980

Add Opening Work In Process                                 $5,670

Less Closing Work In Process                                  ($7,610)

Cost of goods manufactured                                 $119,800

Explanation:

Cost of goods manufactured schedule shows a summary of results (cost) obtained  from manufacturing activity during the production period.

7 0
3 years ago
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