The cash outflow for rent that would be reported on the Year 1 statement of cash flows is $2,700
What is cashflow?This is the amount of cash , which a company receives or gives out by the way of payments to its creditors.
Though the amount paid was paid on October 1, Year 1 it will only be expensed from October to December for year 1.
The duration of the payment is 12 months, hence
Monthly amortization
= $3,600 / 12
= $300
Rent expense for year 1
= $300 × 3
= $900
The ending balance in the prepaid rent account will be
= $3,600 - $900
= $2,700
This will be the cash outflow for rent that would be reported on the Year 1 statement of cash flows.
Hence, the cash outflow for rent that would be reported on the Year 1 statement of cash flows is $2,700
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Henna Company produces and sells two products, Carvings and Mementos. It manufactures these products in separate factories and markets them through different channels. They have no shared costs. This year, the company sold 58,000 units of each product. Income statements for each product follow. Carvings Mementos Sales $ 974,400 $ 974,400 Variable costs 779,520 194,880 Contribution margin 194,880 779,520 Fixed costs 46,880 631,520 Income $ 148,000 $ 148,000 rev: 09_29_2021_QC_CDR-376 Required: 1. Compute the break-even point in dollar sales for each product. (Enter CM ratio as percentage rounded to 2 decimal places.)
The computation of the break-even point in dollar sales for each product is as follows:
Carvings = $234,400 ($46,880/0.2)
Mementos = $789,400 ($631,520/0.8)
What is the break-even point?The break-even point represents the dollar sales or units at which the entity does not incur any loss or earn any profit.
At the break-even point, the total costs are equal to the total revenue.
Data and Calculations:Carvings Mementos
Sales $ 974,400 $ 974,400
Variable costs 779,520 194,880
Contribution margin 194,880 779,520
CM Ratio 20% 80%
Fixed costs 46,880 631,520
Income $ 148,000 $ 148,000
Break-even point = Fixed costs/CM Ratio
Thus, the break-even points in sales dollars are Carvings, $234,400,, and Mementos, $789,400.
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Hanson Aquatics manufactures navigational equipment. As a new Hanson employee, Lyndon Kiely was told that even if he decides not to join the union that represents the company's employees, he must pay the dues. Hanson has a(n) _____ shop.
If he must pay the dues. Hanson has a(n) agency shop.
What is agency shop?An agency shop can be defined as a shop in which the employer may decide to recruit a person that is member of the union or a person that is not part of the union.
In this agency shop it is not mandatory for an employee which not member of the union to join the union but the employee must always pay the dues.
Therefore Hanson has a(n) agency shop.
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A mutual fund is quoted at $16.56 NAV and $18.00 POP. The sales charge is A) 8.50% B) 7.75% C) 7.50% D) 8%
Based on the Mutual fund's NAV and the POP, the sales charge can be found to be D. 8%.
How is a Mutual fund's sales charge calculated?You can find the sales charge through the formula:
= (POP - NAV) / POP x 100%
Solving gives:
= (18 - 16.56) / 18 x 100%
= 1.44 / 18 x 100%
= 8%
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Have a clearance of how many inches in the left side of a vehicle
The principle of exceptions allows managers to focus on correcting variances between.
Answer:
The principle of exceptions allows managers to focus on correcting variances between standard costs and actual costs.
The difference between a financial aid package and total cost of collage can be made up by ______.
A: reapplying with different family contributions
B: signing up for fewer classes a semester
C: personal savings and student loans
D: going to a college with lower tuition costs
The difference between a financial aid package and total cost of collage can be made up by personal savings and student loans.
Financial aid is referred to any form of funding which tends to help one in paying for for college, such as a loans, grant, scholarships or work-study programs. So, for most of the students, financial aid is essential to making college affordable.
It is estimated that about two thirds of college students receive financial aid based on their family's financial circumstances. So, here it is important that the difference between a financial aid package and total cost of collage can be made up by personal savings and student loans.
Hence, option C is correct.
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According to goal-setting theory, in order for goals to enhance motivation and performance they must be Multiple Choice recognized by monetary rewards. accompanied by feedback. tied directly to the principles of scientific management. put into the labor contract.
According to goal-setting theory, in order for goals to enhance motivation and performance they must be: B. accompanied by feedback.
What is motivation ?Motivation is something that help to increase a worker or an employee performance and productivity.
For a goals which a company what to accomplish to enhance motivation such goals must depend on the feedback received.
Therefore the correct option is B.
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which statement best describes how the Fed responds to recessions?
It sells more securities.
It charges banks more interest.
It increases reserve requirements.
It increases the money supply.
The federal government responds to recession by increasing the money supply in a country.
What is Recession?Recession is term used to describe a general economic contraction which is identified by a fall in the gross domestic product of a country.
Before a country is said to be in recession, the GDP of that country must have fallen in two successive quarters.
The feds respond to recession by increasing the money supply in order to stimulate the local economy.
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Answer: D - It increases the money supply.
Explanation: Edge 2022
Managers use a ______ strategy to distinguish their products from those of their competitors by focusing on characteristics such as design, quality, and after-sale service.
Answer:
This is product differentiation
Explanation:
I'm just a smart guy
What happens when a driver selects the driving range option from 2023 leaf’s available ev info menu?.
When a driver selects the driving range option from 2023 leaf’s available info menu a map displays the driving range. This is further explained below.
What is driving?Generally, driving is simply defined as the factors that are initiated to moving a car or vehicle.
In conclusion, An interactive driving range map appears in the 2023 leaf's accessible information menu when a driver picks the option.
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Texas annexation was not at the forefront of american politics until president john tyler used it as a rallying cry for his bid for reelection in 1844. identify the statements that correctly describe the reactions to the annexation of texas.
Answer:
A letter by Secretary of State John C. Calhoun to President Tyler linked the idea of absorbing Texas directly to the goal of strengthening slavery in the United States.
Prospective presidential candidates, Henry Clay and Martin Van Buren, met and agreed to reject the immediate annexation of Texas on the grounds it might lead to war with Mexico.
Explanation:
In a letter to President Tyler, Secretary of State John C. Calhoun made a direct connection between the desire to strengthen slavery in the US and the concept of absorbing Texas.
What was annexation of Texas ?Henry Clay and Martin Van Buren, two potential candidates for the presidency, got together and decided against annexing Texas right once because doing so might spark a conflict with Mexico.
In an effort to build a foundation of support from the general public for another four years, U.S. President John Tyler broke away from the other major parties in 1843 and opted to seek the annexation of Texas on his own.
The Tyler-Texas treaty was rejected by the Senate by a strong majority. Tyler lacked the Senate votes necessary to ratify the deal. In June, it lost by a wide margin.
Tyler retried to acquire their ok before leaving the office. This time, he received support from both chambers of Congress for the joint resolution.
Texas was admitted into America on December 29, 1845, thanks to Tyler's success in getting the joint resolution passed by the senate on March 1, 1845.
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One of the most important advantages of the sole proprietor form of ownership is that a business owner: Multiple choice question. does not need an attorney finds it easier to start and end the business does not need a tax accountant has many financing options
The most important advantages of the sole proprietor form of ownership is that a business owner finds it easier to start and end the business.
What is sole proprietor form of business?The sole proprietor is the form of business organization which is owned by a single person, who is responsible for the entire business operations. The amount of capital, profit, loss are all responsibility of the owner.
The biggest advantage of having a sole proprietorship form of business is that the owner is free to start and end the business without any paperwork or other legal documents.
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Advertising, fashion trends, and new product introductions serve to.
Answer:
Create consumer demand.
Explanation:
Advertising helps promote your product so people will want to buy it.
If people expect future earnings of Galt Corporation to be high relative to current earnings, then a. the P/E ratio of its stock will be high. A P/E ratio of 8 is relatively low. b. the P/E ratio of its stock will be high. A P/E ratio of 8 is relatively high. c. the P/E ratio of its stock will be low. A P/E ratio of 8 is relatively low. d. the P/E ratio of its stock will be low. A P/E ratio of 8 is relatively high.
When earnings are expected to be high relative to current earnings, then a. the P/E ratio of its stock will be high. A P/E ratio of 8 is relatively low.
What happens when future earnings are expected to be high?If earnings are expected to be high as in the case of the Galt Corporation, then the price of the stock will rise.
This will then lead to a high P/E ratio because the price will rise but the earnings will remain the same.
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An airport wants to make its luggage-handling process faster and simpler for travelers. A data analyst examines and evaluates how the process works currently in order to achieve the goal of a more efficient process. What methodology do they use
To make the baggage handling process faster and simpler for travelers, a data analyst uses a gap analysis.
What is a gap analysis?Corresponds to a performance evaluation technique, where a professional is responsible for evaluating the way processes are being carried out in an organization, to determine their efficiency, developing an analysis of needs to increase quality.
Therefore, a gap analysis aims at the continuous improvement of processes through environmental assessment, in order to achieve total quality.
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