$112,500 is recorded as the cash inflow from operating activities reflects how the sale of equipment would be reported in statement of cash flows.
What is a cash flow?Cash flow is the difference between a company's net inflow and outflow of cash and cash equivalents. Spending and receiving money represent inflows and outflows, respectively. In essence, a company's ability to generate positive cash flows, or more specifically, its capacity to maximize long-term free cash flow, defines its potential to add value for shareholders (FCF). After deducting any funds spent for capital expenditures, a company's free cash flow (FCF) is the cash it generates from its normal business operations (CapEx). Evaluating the quantity, timeliness, unpredictable nature, and sources and destinations of cash flows is one of the most important objectives of financial reporting. It is essential for assessing an organization's financial viability, flexibility, and overall liquidity.
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Juan bought 14 chicken wings for $22.40. If Juan spent $12.80, how many chicken wings did he buy?
Answer: 8
Explanation:
Question Content Area
Flexible Budget for Assembly Department
Steelcase Inc. is one of the largest manufacturers of office furniture in the United States. In Grand Rapids, Michigan, it produces filing cabinets in two departments: Fabrication and Assembly. Assume the following information for the Assembly Department:
Direct labor per filing cabinet 20 minutes
Supervisor salaries $108,000 per month
Depreciation $6,500 per month
Direct labor rate $18 per hour
This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the question below.
Prepare a flexible budget for 4,000, 10,000, and 16,000 filing cabinets for the month of August, similar to Exhibit 5, assuming that inventories are not significant. Enter all amounts as positive numbers
The preparation of a flexible budget for 4,000, 10,000, and 16,000 filing cabinets for the month of August, for Steelcase Inc. is as follows:
Steelcase Inc.
Assembly Department BudgetMonth ending August 31
4,000 10,000 16,000
Variable costs:
Direct labor $24,000 $60,000 $96,000
Fixed Costs:
Supervisor salaries $108,000 $108,000 $108,000
Depreciation 6,500 6,500 6,500
Total fixed costs $114,500 $114,500 $114,500
Total department costs $138,500 $174,500 $210,500
What is a flexible budget?A flexible budget adjusts the revenue and costs according to the activity level.
A flexible budget is the opposite of a static/planning budget, which does not change in accordance with the activity level.
In preparing a flexible budget, costs and revenues for different activity levels must be shown.
Direct labor per filing cabinet 20 minutes
Supervisor salaries $108,000 per month
Depreciation $6,500 per month
Direct labor rate $18 per hour
Direct labor cost per filing cabinet = $6 ($18/60 x 20)
Direct labor costs at different activity levels:
4,000 units = $24,000 ($6 x 4,000)
10,000 units = $60,000 ($6 x 10,000)
16,000 units = $96,000 ($6 x 16,000)
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Using the appropriate tool from the Accountant Tools menu, which 4 of the following can be batch reclassified in QuickBooks Online Accountant?
Using the appropriate tool from the Accountant Tools menu, the 4 options that can be batch reclassified in QuickBooks Online Accountant are options A, B, C and F:
ClassesCustomersProducts and ServicesAccountWhat is QuickBooks Online Accountant?In the above question, too batch reclassify these items, you can use the "Batch Reclassify Transactions" tool, which can be found under the Accountant Tools menu.
This tool allows you to select multiple transactions and reclassify them to a different account, class, customer, or product/service.
Therefore, Locations, tax codes, and suppliers cannot be batch reclassified using this tool. However, you can edit individual transactions to change their location, tax code, or supplier if necessary.
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See full question below
Using the appropriate tool from the Accountant Tools menu, which 4 of the following can be batch reclassified in QuickBooks Online Accountant?
Classes
Customers
Products and Services
Locations
Tax Code
Account
Suppliers
A white paper is a report or guide that ________ readers about a complex issue. It is meant to help readers understand an issue, solve a problem, or make a decision.
A white paper is a report or guide that educates or informs readers about a complex issue.
What is a whitepaper?It is meant to help readers understand the intricacies of a particular topic, provide insights, propose solutions, or aid in decision-making. White papers are typically authoritative and objective in nature, presenting in-depth information, analysis, and recommendations related to the subject matter.
They are commonly used in business, government, and academic contexts to address complex issues and provide valuable knowledge to the intended audience.
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Which of the following would appear in the cash flows from investing activities section of the statement of cash flows?
a. Cash received from stock issued
b. Cash received from bonds payable
c. Depreciation expense on equipment
d. Cash paid for equipment
The correct answer is:
d. Cash paid for equipment
Cash flows from investing activities include transactions related to the acquisition or sale of long-term assets such as property, plant, and equipment. Cash paid for the purchase of equipment would be categorized as an investing activity because it involves the outflow of cash for the acquisition of a long-term asset.
Market performance in the United States is tracked using stock changes. which use formulas to calculate price
Answer: index
Explanation:
Here is the complete question:
Market performance in the United States is tracked using stock _____, which use formulas to calculate price changes.
a. Indexes
b. quotes
c. futures
d. trades
An index is defined as the method used in tracking the performance of an asset. Indexes measure the performance of securities. It shows whether the prices of stock are falling or rising.
Answer:
A. indexes
Market performance in the United States is tracked using stock indexes, which use formulas to calculate price changes
Explanation:
took test on edge 2021
If you have a bank account whose principal = $1000, and your bank compounds the interest twice a year at an interest rate of 5%, how much money do you have in your account at the year's end?
St. Augustine Corporation originally budgeted for $360,000 of fixed overhead at 100% of normal production capacity. Production was budgeted to be 12,000 units. The standard hours for production were 5 hours per unit. The variable overhead rate was $3 per hour. Actual fixed overhead was $360,000, and actual variable overhead was $170,000. Actual production was 11,700 units. The fixed factory overhead volume variance is a.$5,500 favorable b.$9,000 unfavorable c.$5,500 unfavorable d.$9,000 favorable
Answer:
YOUUUU TOOOOOO!!!!!!!!!!!!!!!!
Explanation:
Hi this man I was wondering if you had any time today I have a good morning sleep today and I’m just gonna be watching a movie for
Search the library and the Internet for information pertaining to the ethical violation made by an organization, past or present, and be sure not to identify the organization. See if this incident has occurred in other organizations; give 2 examples and their outcomes. (OWN WORDS)
Legitimizations that are Substantial for the Association's Activities Business ethics issues length a great many subjects inside an association's ethical rules. Straightforward moral issues in business include empowering conduct that depends on genuineness and trust, however more complicated issues include obliging variety, humane navigation, consistence, and administration that is reliable with the association's fundamental standards.
Business ethics, typically alluded to as corporate morals, is a subset of applied morals or expert morals that resolves moral or moral issues that might come up in the work environment.
It is critical to the activities of the two individuals and whole organizations and is relevant to all features of business behavior.
People, authoritative declarations, or the overall set of laws all add genuineness to these morals.
These guidelines, goals, moral convictions, and untrustworthy conduct act as an organization' core values.
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8. Exam. Semester Exam
Question 5 of 30
2 Points
Which of these is most likely to lead to an increase in wages?
A. A government with a budget surplus
B. The use of an assembly line
C. Outsourcing and offshoring
D. The formation of a labor union
Answer:
D. The formation of a labor union
Explanation:
The formation of a labor union will likely lead to an increase in wages because of two main reasons:
Labor unions engage in collective bargaining with employers, and this negotiations usually result in higher wages.Labor unions often restrict the labor supply that enters a particular market: they only allow unionized workers to get the jobs of the industry, and/or keep the labor supply artificially low in other to push wages to rise. This is because, the fewer workers in an industry, the scarcer they are, and the higher their wages become.Nathan is the plant manager for Arwen Manufacturing. Though he does not work hands-on on the manufacturing process, he needs to know the ins and outs of the processes so that he can guide his employees effectively and help them if necessary. According to Katz, this involves developing Nathan's ________ skills. Select one:
a. technical
b. moral
c. conceptual
According to Katz, the skills that Nathan needs to develop to effectively guide his employees involve developing his conceptual skills.
Technical skills refer to the knowledge and proficiency in performing specific tasks or techniques. It is the ability to use specialized knowledge, tools, and techniques to perform specific tasks. In the context of Arwen Manufacturing, technical skills would involve knowledge and proficiency in the manufacturing process, including machinery, tools, and techniques used in the production process. Human skills refer to the ability to work with, understand, and motivate people. conceptual skills include communication, leadership, conflict resolution, and teamwork. In the context of Arwen Manufacturing, human skills would involve the ability to effectively communicate with employees, understand their needs, and motivate them to perform their jobs to the best of their ability.
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The production of 240 units during a 480-minute work shift results in a takt time of ________.
The production of 240 units during a 480-minute work shift results in a takt time of 2 minutes per unit.
To calculate the takt time, we divide the available production time by the required production quantity. In this case, the available production time is 480 minutes, and the required production quantity is 240 units.
Takt Time = Available Production Time / Required Production Quantity
Takt Time = 480 minutes / 240 units
Takt Time = 2 minutes per unit
Therefore, the takt time for producing 240 units during a 480-minute work shift is 2 minutes per unit. This means that, on average, each unit should be produced within a time frame of 2 minutes to meet the production target within the given shift duration.
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A company has four vendors and the accounts payable subsidiary ledger shows the following balances.
Alpha $286,821
Beta 148,474
Gamma 81,943
Delta 41,187
Required:
Calculate the accounts payable balance in the general ledger.
The accounts payable balance in the general ledger , given the four vendors of the company in the accounts payable subsidiary ledger , is $ 558, 425
How to find the accounts payable balance ?The accounts payable balance in the general ledger refers to the total of all the accounts payable balances from the accounts payable subsidiary ledger .
This means that the accounts payable balance in the general ledger can be found by the formula :
= Alpha vendor + Beta vendor + Gamma vendor + Delta vendor
Alpha Vendor = $ 286, 821
Beta vendor = $ 148, 474
Gamma vendor = $ 81, 943
Delta vendor = $ 41, 187
The accounts payable balance in the general ledger is :
= 286, 821 + 148, 474 + 81, 943 + 41, 187
= 558, 425
= $ 558, 425
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practice
20.2 Special Orders
Harvest, Inc. has received a special order for 3,000 boxes of crystal glassware for $30 per box. Harvest's variable costs per box are
$24, fixed costs per box are an additional $10 per box, and the normal selling price is $70 per box. Harvest has sufficient capacity to
produce the glassware. Harvest will incur special shipping costs of $2 per box for this special order. If the order is accepted, what will
be the effect on net income?
O $90,000 increase
$12,000 increase
O $18,000 decrease
O $12,000 decrease
Submit Answer
Save for Later
If the special order for 3,000 boxes of crystal glassware is accepted, the effect on the net income of Harvest, Inc. is an increase of $12,000.
What is break-even analysis?Break-even analysis is an accounting technique to ensure that a company does not incur losses from its transactions.
Using the technique, a corporation ensures that the total costs are at least equal to the total revenue or the contribution margin is sufficient to cover the fixed costs, which are not variable within a relevant range.
The technique is based on the concepts of contribution margin and variable costing.
Data and Calculations:Special order units = 3,000 boxes
Price per box for special order = $30
Variable costs per box = $24
Special shipping costs per box for the special order = $2
Contribution margin per box = $4 ($30 - $24 - $2)
Total Contribution Margin = $12,000 ($4 x 3,000)
Fixed costs = $30,000 ($10 x 3,000)
Normall selling price per box = $70
Thus, if the special order for 3,000 boxes of crystal glassware is accepted, the effect on the net income of Harvest, Inc. is an increase of $12,000.
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An effective website will offer
clarity, meaning that it communicates all information clearly and concisely
consistency, meaning that it offers information that is factual and honest
conversion, meaning that the layout, design, and overall look of all its pages match
credibility, meaning that it effectively converts online readers into customers
An effective website will offer credibility, meaning that it effectively converts online readers into customers.
What is a website?A website is a collection of related web pages, images, videos, and other digital assets that are hosted on a web server and are accessible via the internet. Websites are used for a variety of purposes, such as providing information about a company, providing access to online products and services, and even as a platform for online communication. Websites are typically created using a combination of HTML, CSS, and JavaScript, and are typically hosted on a web server.
Credibility is a measure of the trustworthiness and reliability of a website. An effective website will focus on converting online readers into customers by providing credible, accurate, and factual information.
It can be concluded that an effective website will offer credibility, meaning that it effectively converts online readers into customers.
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Using the graphing function on your calculator, find the solution to the system
of equations shown below.
OA. More than 1 solution
B. x = 12, y = 3
OC. x = -8, y = 2
O D. No solution
3y-12x = 18
2y-8x = 12
There is no solution of these two equations. Option D.
To solve this system of equations graphically, we need to plot the two lines represented by each equation on the same coordinate plane and find the point where they intersect.
To graph these lines, we can first write each equation in slope-intercept form (y = mx + b) by solving for y:
3y - 12x = 18 --> 3y = 12x + 18 --> y = 4x + 6
2y - 8x = 12 --> 2y = 8x + 12 --> y = 4x + 6
We can see that both equations have the same slope of 4 and y-intercept of 6, which means that they are parallel lines and do not intersect.
Therefore, there is no solution to this system of equations.the two lines are parallel and do not intersect at any point, which confirms that there is no solution to this system of equations.Therefore, the answer is (D) No solution.
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Note: It is a mathematics question.
(100 POINTS AND BEAINLYESt)
(Question 2 Only)
Answer:
D
Explanation:
Humans are always looking for things to help improve their daily lives, seeing advertisements showcase new items for them and get them to buy their stuff.
Answer:
ur jew for this
Explanation:
100 pts
The table identifies how many thousands of units of corn and diamonds the United States and Congo can produce in one week. Use this data to answer the question that follows.
Corn
Diamonds
United States
60
10
Congo
20
5
Which statement is true based on the data table?
The United States should specialize in diamonds and trade for corn.
The United States should specialize in corn and trade for diamonds.
Congo should specialize in corn and trade for diamonds.
Congo should specialize in both corn and in diamonds.
Answer:
In view of the units of corn and precious stones delivered by the US, the open-door cost of creating corn is B. 10⁄60.
What is the open-door cost of delivering corn?
The open-door cost of delivering corn to the US would be the number of precious stones that are surrendered to make one unit of corn.
This can be found as:
= Units of jewels/Units of corn
= 10/60 jewels
All in all, choice B is right.
Answer:
B) The United States should specialize in corn and trade for diamonds.
Explanation:
I got it right on the test
Develop a managerial report (1,000-1,250 words) summarizing your analysis of the OEI service capabilities. Make recommendations regarding the number of technicians to be used when OEI reaches 20 and then 30 customers, and justify your response. Include a discussion of the following issues in your report:
What is the arrival rate for each customer?
What is the service rate in terms of the number of customers per hour? (Remember that the average travel time of 1 hour is counted as service time because the time that the service technician is busy handling a service call includes the travel time in addition to the time required to complete the repair.)
Waiting line models generally assume that the arriving customers are in the same location as the service facility. Consider how OEI is different in this regard, given that a service technician travels an average of 1 hour to reach each customer. How should the travel time and the waiting time predicted by the waiting line model be combined to determine the total customer waiting time? Explain.
OEI is satisfied that one service technician can handle the 10 existing customers. Use a waiting line model to determine the following information: (a) probability that no customers are in the system, (b) average number of customers in the waiting line, (c) average number of customers in the system, (d) average time a customer waits until the service technician arrives, (e) average time a customer waits until the machine is back in operation, (f) probability that a customer will have to wait more than one hour for the service technician to arrive, and (g) the total cost per hour for the service operation.
Do you agree with OEI management that one technician can meet the average 3-hour service call guarantee? Why or why not?
What is your recommendation for the number of service technicians to hire when OEI expands to 20 customers? Use the information that you developed in Question 4 (above) to justify your answer.
What is your recommendation for the number of service technicians to hire when OEI expands to 30 customers? Use the information that you developed in Question 4 (above) to justify your answer.
What are the annual savings of your recommendation in Question 6 (above) compared to the planning committee's proposal that 30 customers will require three service technicians? (Assume 250 days of operation per year.) How was this determination reached?
The purpose of this research is to examine the service proficiency of OEI and suggest suitable staffing levels for accommodating a growing clientele of 20 and 30.
1. Arrival Rate for Each Customer: 1.25 customers per hour.
2. Service Rate in Terms of Customers per Hour: 1/3 customers per hour.
3. Travel Time and Waiting Time: The waiting time starts from the moment the customer contacts OEI until the machine is back in operation, including both travel and repair time.
What is the managerial report1. Arrival Rate for Each Customer: 1.25 customers per hour.
Based on historical data, the arrival rate for each customer is calculated by dividing the total number of customers by the total time. let us say that OEI receives an average of 10 customers per day, and the service operates for 8 hours a day. So, the arrival rate per customer is:10 customers / 8 hours
= 1.25 customers per hour.
2. Service Rate in Terms of Customers per Hour: 1/3 customers per hour.
The service rate takes into account the time required to complete a repair, including travel time. OEI estimates that each service call takes approximately 1 hour for travel time and 2 hours for the actual repair. So, the service rate is:1 customer / 3 hours
= 1/3 customers per hour.
3. Travel Time and Waiting Time:
OEI is different from traditional waiting line models since service technicians need to travel an average of 1 hour to reach each customer. In this case, the travel time and waiting time predicted by the waiting line model should be combined to determine the total customer waiting time.Learn more about managerial report from
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Prompt What is the term for a potential customer who has shown interest in the company‘s product?
Forecast the 2019 Cost of goods sold on the previous year’s number and the assumptions. 2018 Actual 2019 Estimate Sales Growth 6% 8% Gross Margin 40% 40% Revenues 50,000 Cost of Goods Sold 30,000
Answer:
hi
Explanation:
One's personality is shaped by a combination of nature (genetic) and nurture (environmental) influences. Recent studies conducted among birds have demonstrated that environment plays a bigger role in forming personality than genetics, but obviously there are differences when translating these results to humans.
The Cost of Goods Sold for 2019 is forecasted to be $30,600.
What is Cost of Goods sold?This refers to total amount that a firm paid as a cost directly related to the sale of products.
The Sales Growth between the years 2018 and 2019 is 2% (8%-6%).
Because the 2018 Cost of Goods Sold equals $30,000, then, it will be adjusted according to the sales growth recorded in the subservience year.
Cost of Goods Sold (2019) = $30,000 *(1+0.02)
Cost of Goods Sold (2019) = $30,000 *1.02
Cost of Goods Sold (2019) = $30,600
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+ 2(x – 3) – 5x Which expression is equivalent to the expression shown? –3x – 4 –3x – 1 –x – 12 –x – 3
According to the information, we can infer that the expression equivalent to 2(x – 3) – 5x is -3x - 12.
Which expression is equivalent to the expression shown?According to the information, we can infer that none of the options is correct. In this case to calculate the correct expression equivalent to the expression shown we have to simplify the given expression, we apply the distributive property by multiplying 2 with the terms inside the parentheses:
2(x – 3) = 2x – 6.Additionally, we subtract 5x:
2x – 6 – 5x = -3x – 6.According to the above, the expression -3x - 12 is equivalent to 2(x – 3) – 5x.
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Elaborate on the meaning of social responsibility
Answer:Social responsibility means that individuals and companies must act in the best interests of their environment and society as a whole
Explanation:
East Valve Distributors distributes industrial valves and control devices. The Eastern control device has an annual demand of 9,375 units and sells for $100 per unit. The cost of ordering is $40 per order and the average carrying cost per unit per year is $0.75. Determine the economic order quantity.
Answer:
1000
Explanation:
Given:
Annual DEMAND, D = 9375
Holding cost, H = 0.75
Cost per order, S = 40
The Economic order quantity :
EOQ = √[(2 * D * S) / H]
EOQ = √[(2 * 9375 * 40) / 0.75]
EOQ = √[(750000) / 0.75]
EOQ = √1000000
EOQ = 1000
What is the difference between final goods and intermediate goods?
A) Final goods are goods that are purchased by the end-consumer or user for their personal consumption or use.
B) Intermediate goods, on the other hand, are goods that are used as inputs in the production of other goods.
Final goods and intermediate goods are terms used in economics to distinguish between different types of goods in the production process. Here's a breakdown of the difference between the two:
1. Final Goods:
Final goods are goods that are purchased by the end-consumer or user for their personal consumption or use. These goods are ready for consumption and do not undergo further processing or transformation before reaching the final consumer. Examples of final goods include food products, clothing, electronics, furniture, and vehicles. Final goods are the end result of the production process and are intended for final consumption or use.
2. Intermediate Goods:
Intermediate goods, on the other hand, are goods that are used as inputs in the production of other goods. They are not intended for final consumption but are instead used as raw materials, components, or capital goods in the production process. Intermediate goods undergo further processing or transformation before being included in the final goods. Examples of intermediate goods include raw materials like steel or wood, components like circuit boards or engines, and machinery or equipment used in production.
The key distinction between final goods and intermediate goods lies in their purpose and stage in the production process. Final goods are produced for the ultimate satisfaction of consumers' needs and are ready for consumption, while intermediate goods are used in the production of other goods and undergo further processing.
It's important to note that when calculating a country's Gross Domestic Product (GDP), only the value of final goods is considered. Intermediate goods are excluded to avoid double-counting, as their value is already included in the final goods they contribute to. By focusing on final goods, GDP provides a measure of the value of goods and services produced for final consumption in an economy.
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50 POINTS
Country Q can produce 15 pairs of socks and 5 belts in one hour. Country Z can produce 20 pairs of socks and 20 belts in one hour. Which of the following terms of trade would be mutually beneficial to both countries?
1 belt for 2 pairs of socks
1 pair of socks for 2 belts
2 belts for 2 pairs of socks
1 belt for 5 pairs of socks
5 pairs of socks for 15 belts
Design Thinking is the discipline of developing solutions to create significant
value for clients by keeping end user experience at its core.
True or False?
Beta Company produced 2,000 units of product X and 800 units of product Y. Product X uses $3 of direct materials (DM) per unit and $20 of direct labor (DL) per unit. Product Y uses $5 of direct materials (DM) per unit and $30 of direct labor (DL) per unit. Total indirect overhead costs (OH) were $32,000, allocated based on direct labor dollars. What are the allocated overhead costs for X and Y?
Answer:
Product X = $20,000
Product Y = $12,000
Explanation:
First determine the total direct labor costs :
Product X ( $20 × 2,000) = $40,000
Product Y ( $30 × 800) = $24,000
Total Labor Cost = $64,000
Use the total direct labor costs to find the overhead application rate as follows :
Predetermined Overhead rate = $32,000 ÷ $64,000
= $0.50
Then Allocate this to Product X and Product Y
Product X ($0.50 × $40,000) = $20,000
Product Y ($0.50 × $24,000) = $12,000
In a low power distance culture, Multiple Choice seniority, rank, and title are important. relatives will be welcomed into the workforce. first names are likely to be used in the office because the ideal is equality. people will want direction, so top-down leadership styles are appropriate.
Answer: first names are likely to be used in the office because the ideal is equality.
Explanation:
Power distance simply has to do with how power is distributed in the organization. In a high power distance culture, it should be noted that there is power inequality which is common.
On the other hand, in a low power distance culture, it isn't hierarchical and theres power equality. In low power distance culture, first names are likely to be used in the office because the ideal is equality.
If you are in the 15% tax bracket, your whole
income is taxed at that rate.
True
False
If an individual's income falls at the 15% tax bracket then his/her income is taxed at first 10% and then the excess 5% should be levied in the next bracket.
What is a tax bracket?A tax bracket is the income range made by the tax authorities relating to income earned by taxpayers with different rates of taxes.
According to the US taxation rules, the tax levied on the income of the taxpayer should be in the progressive system, which means, that the income should be charged with the different tax rates and not the one single tax rate. As the tax rates are started from 10%, so at the rate of 15%, it should not be the same rate rather the excess 5% would be levied.
Therefore, the provided statement relating to the imposition of tax is false.
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