Working capital
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A: Correct option is Retained earnings at December 31, 2014 were $55,000
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A:
Q: The product cost period cost opertunity cost
A: Solution:- 1)Calculation of product cost as follows under:- Product cost means costs incurred to…
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A: Tax evasion means the act of reducing or avoiding taxes by illegal or fraudulent means.
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A: 1. 1 Computation of Predetermined OH Rate =$252000/20000 hours $12.60 per DLH…
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A: Answer:- Return on investment meaning:- The ratio of net income to investment is generally known as…
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A: Purchases under the cash basis is purchases that have been paid for during the year It includes cash…
Q: e a statement of owner's equity. Assume that there was an
A: Statement of owner's equity refers to the sum value of money invested by the owner into its…
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A: Introduction: The dollar amounts of income at which a firm generates no profit are referred to as…
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A: income tax charge on the individual or the corporation. there is rate fixed by the government for…
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A: As per rule we provide solution to the first three-subparts or one question only and you have asked…
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A: It shows investors and analysts how a company's balance sheet finances might be optimized to pay…
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A: The actual number of times payment is made can be calculated using the following formula: Number of…
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A: As per the variable costing method, only variable cost is measured but under absorption costing both…
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A: Formula used: Excess hours worked = Total hours worked - weekly working hours
Q: Why is the net income .90
A: Lets understand the basics. Cashflow statement are divided into three type of activities which are,…
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A: A. Profit= Revenue - cost Revenue = $ 48000 Cost= Minimum direct cost + Set up cost + Indirect cost…
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A: The earnings per share is calculated as net income available to common shareholders divided by…
Q: produ
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Q: h flows meani
A: The amount of cash and the cash equivalent that the company receives or gives by the way of payment…
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A: 1. Profitability Index - It is the ratio that measures the return on investment made in the years by…
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A: The difference between the variable costing and absorption costing is that the fixed overhead costs…
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- Describe a business transaction that will do the following: a. Increase an asset and increase a liability b. Decrease an asset and decrease a liability c. Decrease an asset and increase an expense d. Increase an asset and increase owners equity e. Increase an asset and decrease an asset f. Increase an asset and increase revenuerevenue may be defined as : a- increase in assets from all sources b- the amount of capital invested by the owners of a business c- the reduction of liabilities previously owned d- the increase in equity other than contributions from equity participantsworking capital is defined as a. total current assets minus total current liabilities b. establishing progress payments to cover cash flow c. all debts and obligation owed but the business d. current assets minus current liabilities
- Read the following statements (i) "Working capital is the amount of funds necessary to cover the cost of operating the enterprise." (ii) "Circulating capital means current assets of a company that are changed in the ordinary course of business from one form to another." Choose the correct. A. (i) and (ii) both are correct. B. (i) and (ii) both are false. C. (i) is correct but (ii) is false. D. (i) is false but (ii) is correct.Identify each expense or revenue as a cash flow from operating activities (O), a cash flow from investment activities (I), or a cash flow from financing activities (F). Administrative expenses Rent payment Interest on a note payable Interest on a note receivable Sale of equipment Dividend payment Stock repurchase Sale of finished goods Labor expense Sale of a bond issue Repayment of a long-term debt Selling expenses Depreciation expense Sale of common stock Purchase of fixed assets16 Which of the following is the accounting report that shows all the income of the business in a period and all the costs and expenses incurred in the same period and the profit or loss of the period obtained by the business as a result of these? a) Income statement B) active fixed assets NS) Active D) active current assets TO) Passive
- Fill in the blank with these terms : long term, expense, balance sheet, Stockholder's equity, revenue, current revenue, service, costs, goods Revenues are monies an organization received in exchange for______ and______ it provides. Expenses are the ______incurred to generate .______ Net income is the difference between _______ and . ______ A________ indicates the financial position of an organization at a particular point in time. ______ assets generally are cash or will become cash within 1 year. ______ liabilities are obligations that must be paid after 1 year. ________ consists of contributed capital and retained earnings.select the item that best completes each of the decriptions below A(n)____ is a record of increases and decreases in a spefic asset, liability, equity, revenues, or expenses items. A(n)____ is a resource owned or controlled by a company A common stock and dividendes are examples of___ accounts A(n)____ is a obilgations to transfer assets to others ___ are people and organziations that are entitlied to recieve payments from a companyThe......of a business is the amount of income A-Revenue B-venture C-assest D-fund
- Current assets - current liabilities = [A] fixed capital [B] working capital [C] opening capital [D] closing capitalWorking Capital. Identify the working capital accounts related to(c) employee salary and wages, For each account, indicate whether an increase in the working capital asset or liability would be an addition or subtraction when reconciling from net income to cash flows from operations.Depreciation is considered as accounting policy and operational expense for the accounting period. The value to be included in the financial statement is calculated based on the decision of the Board. (a) You are re quire d to: (i) Explain the difference between capital expenditure and revenue expenditure, and how each type of expenditure will affect the financial statements of a business. (ii) Explain why it is important to distinguish between capital expenditure and revenue expenditure, and briefly explain the accounting treatment of each type of expenditure. (iii) Under what circumstances will you consider the reducing balance method as the most appropriate method of calculating depreciation? (iv) Does Depreciation decrease cash in business? Explain your answer.
