Answer:
Net cash provided by financing activities $315,000
Explanation:
The computation of the net cash provided or used by financing activities is shown below:
Issuance of common stock $275,000
Issuance of bonds payable $469,000
Less: Payment of dividends $380,000
Less: Purchase of treasury stock $49,000
Net cash provided by financing activities $315,000
Answer:
Total cost= $1,375
Explanation:
Giving the following information:
The budgeted factory overhead last year was $200,000, and there were 40,000 machine hours budgeted.
Job 84:
Direct materials= $900
direct labor hours= 25
Direct labor cost= $350.
First, we need to calculate the manufacturing overhead rate based on direct labor hours:
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Estimated manufacturing overhead rate= 200,000/40,000= $5 per direct labor hour
Now, we can calculate the total cost:
Total cost= direct material + direct labor + allocated overhead
Total cost= 900 + 350 + 5*25= $1,375
Answer:
The term professional communication refers to the various forms of speaking, listening, writing, and responding carried out both in and beyond the workplace, whether in person or electronically.
Explanation:
Answer:
Bank Reconciliation Statement as at October 2:
Balance as per checkbook $601
Add: Electronic transfer $2,400
Interest $4
Less: Bank charge ($5)
Balance as per bank statement $3,000
Explanation:
A bank reconciliation statement is a statement prepared periodically to reconcile the balance in the cash book with the balance shown on a bank statement.
The process starts with identifying transactions that do not (do) appear in the cash book and those that do not (do) appear in the bank statement, which did not appear in the other. Errors are also identified and corrected during the process. After this, the reconciliation statement is prepared to agree the two sources of balances.
Gross pay is what employees earn before taxes, benefits and other payroll deductions are withheld from their wages. The amount remaining after all withholdings are accounted for is net pay or take-home pay.
