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2 years ago

Budgeting, analysis of investment proposals, and provision of funds are activities associated with the _______ function.

Business

1 answer:

AleksAgata [21]2 years ago

3 0

Answer:

Budgeting, analysis of investment proposals, and provision of funds are activities associated with the finance function.

Explanation:

The finance function manages a business' finance and helps with the decision-making. This allows businesses to manage in the modern world.

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Bubbles Inc. produces gummy bears. The company purchases raw materials, stores them in warehouse, and then runs them through two

rusak2 [61]

Answer:

D. $65,000

Explanation:

Data provided

Direct labor = $56,500

Manufacturing overhead = $8,500

The computation of Conversion costs is shown below:-

Conversion costs = Direct labor + Manufacturing overhead

= $56,500 + $8,500

= $65,000

Therefore for computing the conversion cost we simply add the direct labor with manufacturing overhead.

8 0

3 years ago

Diego, age 28, married Dolores, age 27, in 2017. Their salaries for the year amounted to $88,750 and they had interest income of

viva [34]

Answer and Explanation:

a. What is the amount of their adjusted gross income?

Adjusted Gross Income ( AGI ) = $88,750 + $2,660 - $5,170

= $86,240

Adjusted Gross Income ( AGI ) = $86,240

b. In order to minimize taxable income, Diego and Dolores will in the amount of

From the above box, Here Diego, Dolores both are married so, Standard Deduction in 2017 is $12,700

In order to minimize taxable income, Diego and Dolores will in the amount of $12,700

c. What is the amount of their taxable income?

Taxable income = AGI - Standard deduction - exemptions

= $86,240 - 12,700 - [ 2 * $4,050 ]

= 73,540 - 8,100

= $65,440

Taxable income = $65,440

d. What is their tax liability for 2017?

from Tax bracket for married filling jointly in 2017 table.

Tax liability = [ 18,650 * 10% ] + [ 15% [ 65,440 - 18,650 ] ]

= 1,865 + [ 15% * 46,790 ]

= 1,865 + 7,018.5

= $8,883.5

Tax liability = $8,883.5

4 0

3 years ago

State the effect (cash receipt or payment and amount) of each of the following transactions, considered individually, on cash fl

Ivanshal [37]

Answer:

Effect of Transaction on Cash Flows

Effects Amount

1. Cash Payment $239,000

2. Cash Receipt $252,000 (12000*$21)

3. Cash Receipt $91,400

4. Cash Payment $491,000

5. Cash Payment $86,000

6. Cash Receipt $188,100 (190,000*0.99)

7. Cash Payment $353,400 (6,200*$57)

8. Cash Payment $36,100 [1.90*(23,000-4,000)]

5 0

3 years ago

Creble Company reported net income for 2016 in the amount of $40,000. The company's financial statements also included the follo

WITCHER [35]

Answer:

$36,000

Explanation:

Net Cash = Net Income for 2016 - Accounts Receivable + Decrease in inventory + Depreciation expense - Gain on sale of equipment

=> Net Cash = $40,000 - $ 4,000 + $2,000 + $3,000 - $5,000

=> Net Cash = $36,000

3 0

3 years ago

Atkins Company collected $1,750 as payment for the amount owed by a customer from services provided the prior month on credit. H

AURORKA [14]

Answer: B. One asset would increase $1,750 and a different asset would decrease $1,750, causing no effect

Explanation:

From the information given in the question, the journal entry at the time of sales will be represented as:

Debit Accounts receivable $1,750

Credit Sales $1750

Now, when the credit receipt is received as illustrated in the question, the journal entry will be:

Debit Cash $1,750

Credit Accounts receivable $1,750

Therefore, one asset would increase $1,750 and a different asset would decrease $1,750, causing no effect.

The correct option is B.

7 0

3 years ago