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3 years ago

Summarise the five (5) types of directors in incorporated companies.

1 answer:

4 0

Alternate director, chair, de facto director, executive director, non-executive director, independent director, lead director, managing director, nominee director and shadow director.

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The following selected information was extracted from the 20x1 accounting records of Lone Oak Products:

joja [24]

Answer:

1. $513,000

2. $913,200

3. $926,400

4. $154,420

5.11340 Units

Explanation:

1. Calculation for Lone OakÃ¢â‚¬â„¢s manufacturing overhead for the year.

Manufacturing overhead

Indirect labor 109,000

Building depreciation (80000*75%) 60,000

Other factory cost 344,000

Manufacturing overhead $513,000

2. Calculation for Lone OakÃ¢â‚¬â„¢s cost of goods manufactured.

First step is to calculate the Direct material used

Direct material used = 15,800+175000-18200

Direct material used= 172,600

Second step is to calculate the Total manufacturing cost

Total manufacturing cost = 172,600+254,000+513,000

Total manufacturing cost= 939,600

Now let calculate the Cost of goods manufactured

Cost of goods manufactured = 35,700+939,600-62100

Cost of goods manufactured = $913,200

3. Compution for the companyÃ¢â‚¬â„¢s cost of goods sold.

Cost of goods sold = 111100+913,200-97900

Cost of goods sold = $926,400

4. Calculation to Determine net income for 20x1, assuming a 30% income tax rate.

Net income :

Sales 1495000

Cost of goods sold -926,400

Gross profit 568,609

Selling and administrative expense (133000+20000+195000) 348000

Profit 220,600

Tax 30% 66,180

Net income $154,420

(220,600-66,180)

(25%*80,000=20,000)

5. Calculation to Determine the number of completed units manufactured during theyear.

No of unit completed = 1190+(1,495,000/$130 per unit)-1350

No of unit completed =1190+11500-1350

No of unit completed = 11340 Units

7 0

3 years ago

An article on the health care industry revealed several assumptions that health care administrators have adopted during the last

Viefleur [7K]

Answer:

Letter C is correct. <u>The Theory X style of management.</u>

Explanation:

The most suitable alternative is the letter C.<u> </u>The Theory X style of management.

Theory X can be defined as one of the currents of thought proposed by Douglas Mcgregor in 1960, and refers to assumptions about the behavior of employees in the workplace, this means that management must be developed from the actions and behaviors of employees , from there different styles of planning, controlling, organizing and dividing tasks will emerge.

In administration based on theory X, the individual is considered self-centered, without ambitions and needs supervision to exercise self-discipline and self-control. Economic benefits must be offered as a form of incentive and punishment.

According to theory X, employees avoid responsibility, so there must be economic incentives for them to be more ambitious and productive.

5 0

3 years ago

List of marketing collateral needed for new territory

Masja [62]

Consider your objective generate more leads, demonstrate thought leadership, increase online visibility, close a sale, create brand awareness and provide customer education. know your budget and what you can spend and what you can't spend understand your customer

5 0

3 years ago

Hayes Bakery has sales of $30,600, costs of $15,350, an addition to retained earnings of $4,221, dividends paid of $469, interes

scZoUnD [109]

Answer:

$8,013

Explanation:

The computation of the amount of the depreciation expense is shown below:

The net income is

= An addition to retained earnings + cash dividend paid

= $4,221 + $469

= $4,690

Now the earning before tax

= (Net income) ÷ (1 - tax rate)

= ($4,690) ÷(1 - 0.21)

= $5,937

Now the earning before tax and interest is

= $5,937 + $1,300

= $7,237

So, the depreciation expense is

= $30,600 - $15,350 - $7,237

= $8,013

8 0

3 years ago

Classifying items on the statement of cash flows Cash flow items must be categorized into one of four categories. Identify each

valentina_108 [34]

Answer:

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 and it also records the cash receipts and cash payment transactions

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.

The categorization is shown below:

a. Cash purchase of merchandise inventory - operating activity

b. Cash payment of dividend - financing activity

c. Cash receipt from the collection of long-term notes receivable - investing activity

d. Cash payment for income taxes - operating activity

e. Purchase of equipment in exchange for notes payable - non cash activity

f. Cash receipt from the sale of land - investing activity

g. Cash received from borrowing money - financing activity

h. Cash receipt for interest income - operating activity

i. Cash receipt from the issuance of common stock - financing activity

j. Cash payment of salaries dividends - operating activity

5 0

3 years ago