Business, 18.12.2019 00:31, noeltan12031
During year 1, el paso company had the following changes in account balances: the accumulated depreciation account had a beginning balance of $65,000 and an ending balance of $91,000. the increase was due to depreciation expense. the long-term notes payable account had a beginning balance of $104,000 and an ending balance of $48,000. the decrease was due to repayment of debt. the equipment account had a beginning balance of $80,000 and an ending balance of $242,000. the increase was due to the purchase of other operational assets. the long-term investments account (marketable securities) had a beginning balance of $57,600 and an ending balance of $40,000. the decrease was due to the sale of investments at cost. the dividends payable account had a beginning balance of $38,400 and an ending balance of $32,000. there were $64,000 of dividends declared during the period. the interest payable account had a beginning balance of $7200 and an ending balance of $4000. the difference was due to the payment of interest. what is the net cash flow from financing activities? $70,400 inflow $56,000 outflow $126,400 outflow $56,000 inflow
Answers: 3
Business, 22.06.2019 04:10, maddylaugh
Lynch company manufactures and sells a single product. the following costs were incurred during the company’s first year of operations: variable costs per unit: manufacturing: direct materials $ 12 direct labor $ 6 variable manufacturing overhead $ 1 variable selling and administrative $ 1 fixed costs per year: fixed manufacturing overhead $ 308,000 fixed selling and administrative $ 218,000 during the year, the company produced 28,000 units and sold 15,000 units. the selling price of the company’s product is $56 per unit. required: 1. assume that the company uses absorption costing: a. compute the unit product cost. b. prepare an income statement for the year. 2. assume that the company uses variable costing: a. compute the unit product cost. b. prepare an income statement for the year.
Answers: 1
Business, 22.06.2019 11:40, ayoismeisalex
In each of the following, what happens to the unemployment rate? does the unemployment rate give an accurate impression of what’s happening in the labor market? a. esther lost her job and begins looking for a new one. b.sam, a steelworker who has been out of work since his mill closed last year, becomes discouraged and gives up looking for work. c.dan, the sole earner in his family of 5, just lost his $90,000 job as a research scientist. immediately, he takes a part-time job at starbucks until he can find another job in his field.
Answers: 2
During year 1, el paso company had the following changes in account balances: the accumulated depre...
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