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sammy [17]
3 years ago
9

Parmesan Company uses the direct method for its statement of cash flow. It reports the following information regarding the year

2014: From the income statement: Sales Revenues, $265,000 Cost of Goods Sold, $210,000 Operating expenses, $31,000 From the balance sheet: Beginning BalanceEnding Balance Accounts Receivable:$14,500$17,800 Inventory:23,50017,800 Accounts Payable:6,00013,500 Accrued Liabilities:4,0001,500 On the statement of cash flows, what amount will be shown for payments to suppliers for inventory purchases
Business
1 answer:
Nastasia [14]3 years ago
5 0

Answer: $‭196,800‬

Explanation:

The cash payments to suppliers for inventory purchases will be:

= Cost of goods sold - Decrease in inventory -  Increase in accounts payable

Decrease in inventory = 23,500 - 17,800

= $5,700

Increase in accounts payable

= 13,500 - 6,000

= $7,500

Cash to suppliers for inventory = 210,000 - 5,700 - 7,500

= $‭196,800‬

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Answer:

C

Explanation:

Job 1

Annual Income+ Benefits- (annual housing & utility cost)

78,000+4,000-( 1,350*12)= 65,800

Job 2

Annual Income+ Benefits- (annual housing & utility cost)

100,000+2,500-( 3,150*12)=  64,700

Therefore, job 1 is a better choice

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3 years ago
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What percentage of your salary should go to savings? A. 5% B. 10% C. 20 D. 50%
QveST [7]

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D

Explanation:

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Cost flow is in the order in which costs were incurred when using
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Answers : last in, first out

Explanation:

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3 years ago
The Wester Corporation produces three products with the following costs and selling prices:
vitfil [10]

Answer:

Product A, then Product C and finally Product B

Explanation:

The unit profit  = Selling price per unit - Variable cost per unit - Fixed cost per unit

Unit Profit of product A = $21 - $11 - $5 = $5

Unit Profit of product B = $12 - $7 - $3 = $2

Unit Profit of product C = $32 - $18 - $9 = $5

The profit of each product in 1 machine hour = 1 hour/ Machine hours per unit * Unit Profit

Profit of Product A in 1 hour using machine = 1/0.2 * $5 = $25

Profit of Product B in 1 hour using machine = 1/0.5*$2 = $4

Profit of Product C in 1 hour using machine = 1/0.2* $5 = $25

Product A & Product C have same profit in 1 hour machine, then we have to consider Direct labor hours per unit which product A is 0.4 while product C is 0.7. It means Product C is more costly in direct labour than Product A.

In short, then the ranking of the products from the most profitable to the least profitable use of the constrained resource is Product A, then Product C and finally Product B

8 0
3 years ago
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Matt is considering the purchase of an investment that w ill pay him $12,500 in 12 years. If Matt wants to earn a return equal t
babymother [125]

Answer:

The correct answer is $5,550.15.

Explanation:

According to the scenario, the given data are as follows:

Future value (FV) = $12,500

Time period (n) = 12 years

Rate of interest (r) = 7%

So, we can calculate the present value that should be invested by using following formula:

FV = PV ( 1 + r)^n

So, by putting the value, we get

$12,500 = PV ( 1 + 0.07)^12

$12,500 = PV (2.25219158896)

PV = $12,500 ÷ 2.25219158896

PV = $5,550.14949051122 = $5,550.15

Hence, the present value that should be invested is $5,550.15.

6 0
3 years ago
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