Matsumoto training has sales of $705,000, depreciation of $17,600, interest expense of $2,090, costs of $144,000, and a tax rate of 21 percent. what is the operating cash flow for the year?
Answers
The operating cash flow if the tax rate is 21% is $445,234.90
What is operating cash flow?
Operating cash flow is the amount of Matsumoto training generates from its operations, it is determined as the net income plus the depreciation.
Net income=(sales-costs-depreciation-interest)*(1-tax rate)
sales=$705,000
costs=$144,000
depreciation=$17,600
interest paid =$2,090
tax rate=21%
net income=($705,000-$144,000- $17,600-$2,090,)*(1-21%)
net income=$427,634.90
operating cash flow=net income+depreciation
operating cash flow=$427,634.90+$17,600
operating cash flow=$445,234.90
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Related Questions
With illustration explain how marriage/synergistic value is created arises
Answers
When two people get together and pool their resources, abilities, and skills to accomplish more than they might have done on their own, they are creating a marriage or synergistic value.
The idea of a puzzle can serve as an example of this value.Think of each person as a jigsaw piece with a distinct shape and pattern. When two people marry, they join their disparate parts to form a more complex and substantial whole.
Without a single component, the total picture would be without something important and crucial that each piece adds.
Similar to this, in an union, each spouse brings unique skills and talents to the table that, when combined, can result in more fulfilment and success than either could get on their own.
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Help Tony evaluate his applicants based on their mean and median credit scores.
a.
Jeff has the highest mean score, but Paula has the highest median score.
b.
Neil has the highest mean score, but Jeff has the highest median score.
c.
Neil has the highest mean score and the highest median score.
d.
Paula has the highest mean score, but Jeff has the highest median score.
Answers
Answer:
b
Explanation:
just took the quiz
Neil has the highest mean score, but Jeff has the highest median score.
What is the difference between a credit score and a credit rating?Credit ratings are expressed as letter grades and used for businesses and governments. Credit scores are numbers used for individuals and some small businesses. An individual's credit score is based on information from the three major credit reporting agencies, and scores range from 300 to 850.
What is a credit report a credit report is a number representing your creditworthiness?A credit score is a number between 300–850 that depicts a consumer's creditworthiness. The higher the score, the better a borrower looks to potential lenders. A credit score is based on credit history: number of open accounts, total levels of debt, repayment history, and other factors.
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1. how does golf challenge's use of fifo improve its net profit margin and current ratio? 2. is the action by golf challenge's owner ethical? explain.
Answers
Golf challenges as using FIFO the cost of goods sold will be calculated by using the cost of the inventory that was FIRST purchased (as opposed to Last purchased when using LIFO).
No, the action by the golf challenge's owner is unethical.
For the first question, as the inventory first purchased had a lower cost than the inventory last purchased, Hence using FIFO will result in the following:
Lower cost of inventory = lower cost of goods sold = higher net income = higher profit margin = higher earning per share = higher taxes payable = no tax advantage. Since closing inventory does reflect current prices current ratio will be improved.
For the second question, It was an unethical practice followed by Golf challenge as the method for valuation of inventory used for financial statements of bank submission is different from the company policy of valuing under LIFO. Golf is the misleading banker for loans by submitting fraudulent financials.
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working on a song for someone I used to love
I'll go through all of the realities to find you
(If I need you)
Just so I can hold your hand...
Even if they think it's fake...
I want you to understand
that there's a certain miss
and a certain love
and a heartache in my chest
every time i hear your name
and im still lying in my bed
without you....
Answers
Answer: this is awsom do we have to add on or no but this is the best lyiric ever lol
Explanation: great job
What are the soft power tools of foreign policy?
Answers
The way a nation interacts with the rest of the world is an important component of its foreign policy.
What are the Six Foreign Policy Instruments?Diplomacy, the United Nations, the international monetary system, economic assistance, collective security, and military deterrence are the six main tools of contemporary American foreign policy. Understanding how foreign policy operates can help us understand why different countries behave in specific ways that serve a nation's interests.
1.Diplomacy
2.Armed Forces
3.Economic Strategies
4.Internet Security Guidelines
5.Policies for Environmental Protection
6.Energy Policies
Countries behave differently toward one another depending on how they engage with one another, which influences whether they can help or hurt one another. Like all foreign policy tools, soft power has its limitations and should not be considered the singular mechanism through which countries advance their national interests.
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economic value added (eva) is the same thing as profits. T/F
Answers
False. Economic Value Added (EVA) is not the same thing as profits. While profits are a measure of the financial performance of a company and represent the difference between revenues and expenses.
EVA is a specific financial metric used to assess the value created by a company above its cost of capital. EVA takes into account both the operating profits of a company and the capital employed to generate those profits. It deducts the cost of capital (including the cost of equity and debt) from the operating profits to determine the value generated by the company. EVA provides a measure of how effectively a company utilizes its capital and whether it generates returns above its required minimum return. while profits are a general measure of financial performance, EVA provides a more specific evaluation of value creation and whether a company's profits exceed its cost of capital.
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On January 1, 2017, Robinson Company purchased Franklin Company at a price of $2,500,000. The fair market value of the net assets purchased equals $1,800,000.
What is the amount of goodwill that Robinson records at the purchase date?
Explain how Robinson would determine the amount of goodwill amortization for the year ended December 31, 2017.
Robinson Company believes that its employees provide superior customer service, and through their efforts, Robinson Company believes it has created $900,000 of goodwill. How would Robinson Company record this goodwill?
Answers
On January 1, 2017, Robinson Company purchased Franklin Company at a price of $2,500,000. The fair market value of the net assets purchased equals$1,800,000. Thus the amount of goodwill that Robinson records at the purchase date is $700,000.
What is the calculation?Step 1
Given that the entire Franklin Company was purchased by Robinson Company, goodwill should be recorded.
To solve for the purchased goodwill, we have
Goodwill= Purchase price of the company−Market value of the individual net assets
=$2,500,000−$1,800,000
= $700,000
Thus, the purchased goodwill is valued at $700,000.
Step 2
Goodwill is recorded as an asset and is not amortized, thus there will be no amount for goodwill amortization for year ended December 31, 2017. Instead, goodwill is tested for impairment annually.
Step 3
Goodwill is recorded only when it is acquired upon purchase. In this case, since goodwill is based solely on the employees' efforts of providing superior customer service, Robinson Company should not record it.
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True or false: Studying business does NOT offerlany benefits for those who decide to work for a government agency or a nonprofit organization
Answers
The following question is : false
The given statement stating that "the study of business would not help in knowing about the advantages of Non-profit organizations or government agencies" would be considered:
b). False
'Non-profit Organizations' are characterized as the 'type of business organizations or set up that does not work with the aim of profit but for social welfare. Similarly, the sole motive of a government agency is also 'social welfare.' However, the workings of both the kinds of organizations(business and NPOs) are similar like the recruitment of staff or volunteers, ensuring productivity, putting the revenue back to the firm for progression of its operations, etc. Both of them have a goal of leaving the maximum impact on the people. Thus, the given statement is false as studying about business would give a very clear idea about the various processes of an organization.Learn more about 'Non-Profit Organization' here:
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In 1978 corporate CEOs in the USA earned, on average, 35 times more than the average worker. Today, the earn ___ times more than the average worker.
35
150
240
300
Answers
Answer:
300
Explanation:
According to the economic policy institute report of 2015, CEO's earn an average of 300 times more than typical workers. Online resource.
What is the marginal revenue and marginal cost for this diagram?
What type of market is this? Explain your answer
Answers
Marginal revenue :
2060120200300420560Marginal cost :
108210192640It is a Monopolistic market structure because marginal revenue is greater than the marginal cost.
Marginal Revenue is the increase in the revenue by selling one extra product in the market. It is calculated by the Change in revenue divided by the change in output.
Marginal cost is the change in cost by producing one extra unit of output. It is calculated by a change in cost divided by the change in units.
Monopolistic market structure is where there are multiple companies producing similar products in the market.Example for monopolistic structure can be a grocery store.
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if i get 16 brainlest ill give u guys 136 points
Answers
Answer:
you get brainlyist by answering questions. not making them
Answer:
ill give u brainlest tete
Explanation:
Analyse how a Production Possibility Curve ( PPC ) illustrates scarcity, opportunity cost & efficiency.
Answers
The production possibilities curve (PPC) exists as a graph that demonstrates all of the various combinations of output that can be produced given existing resources and technology.
What is Production Possibility Curve ( PPC )?The production possibilities curve (PPC) exists as a graph that demonstrates all of the various combinations of output that can be produced given existing resources and technology. Sometimes named the production possibilities frontier (PPF), the PPC illustrates scarcity and tradeoffs.
PPF stands for the production possibility frontier and it exists illustrated by supporting the production of one good at the x-axis and another good at the y-axis. It thereby demonstrates all the possible varieties that can be produced with limited resources.
Scarcity: The resources that require to be utilized because they serve as input are limited or scarce and these same scarce resources exist used by an economy to produce the goods. Therefore, the Production possibility curve exists drawn and it illustrates the scarcity of resources known to an economy.
Choice: An economy has a preference to produce among different combinations of goods that lie on the production possibility curve. Therefore, the curve displays the choice as well.
Opportunity cost: Suppose the economy exists producing a bundle of goods 1 and 2 and the bundle stands (x,y). Now, if it desires to increase the consumption of good 1 by 1 unit, it has to decrease the consumption of good 2. Therefore the opportunity cost of producing a unit of good 1 exists in the sacrifice that has been created for good 2.
Productive efficiency: An economy utilizes all its scarce resources to produce two goods but whether it is utilizing those resources efficiently exists the point of concern. If it uses them efficiently, it creates the production possibility curve otherwise at a point that lies somewhere inside the PP curve.
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Which organization should a high school hospitality student consider joining to develop leadership skills and business knowledge?
American Culinary Federation
American Hotel & Lodging Association
Future Business Leaders of America
Resort Hotel Association
Answers
High school students can gain practical experience in entrepreneurship, business, and marketing through DECA. Its objective is to provide upcoming leaders with the skills necessary for careers in lucrative industries including marketing, management, hospitality, and finance. There are presently 177,000 DECA members in secondary schools.
Should I enlist in DECA?You can gain an advantage over your rivals with the use of DECA's resources, expertise, and talents. A little bit of ease has been added to applying for internships, scholarships, jobs, and colleges. The fact that you are a member of DECA demonstrates that you are motivated, academically competent, community-minded, and career-focused—ready to take on your future.
In high school, is DECA a good idea?One of the most well-known groups for high school students is DECA, which has more than 3,200 participating schools. Numerous graduates of its successful programs enjoy a stellar reputation.
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a company would most likely finance ________ using short-term sources.
a. research and development projects
b. plant and equipment purchases
c. mergers and acquisitions
d. seasonal inventory buildup
Answers
A company would most likely finance seasonal inventory buildup using short-term sources. The correct option is d.
Short-term sources of financing refer to funds borrowed or obtained for a period of one year or less. These sources are typically used to meet short-term financial needs, such as managing working capital requirements, covering seasonal fluctuations in demand, or addressing temporary cash flow imbalances.
Seasonal inventory buildup is a common scenario in industries where demand fluctuates throughout the year, such as retail, agriculture, or tourism. For instance, a clothing retailer may experience increased sales during the holiday season and therefore needs to build up inventory in preparation for the higher demand.
To finance the seasonal inventory buildup, a company can utilize short-term sources of funding, such as:
1. Short-term bank loans: Companies can obtain loans from financial institutions specifically designed to meet short-term funding needs. These loans can be used to purchase inventory and bridge the gap between the initial expenditure and the eventual sales revenue.
2. Trade credit: Suppliers may offer favorable credit terms, allowing the company to delay payment for goods or services received. This form of financing can provide the necessary funds for inventory buildup during peak seasons.
3. Commercial paper: Large, creditworthy corporations can issue short-term unsecured debt instruments called commercial paper. These instruments are usually purchased by institutional investors and provide a quick and flexible source of financing.
4. Revolving credit lines: Companies can establish lines of credit with banks, which allow them to borrow up to a specified limit. This can be an efficient way to manage cash flow fluctuations, including funding seasonal inventory buildup.
Using short-term sources to finance seasonal inventory buildup allows companies to match their funding needs with the temporary nature of the inventory buildup. Once the peak season passes, and the inventory is sold, the company can repay the short-term financing, minimizing the cost of capital and maximizing operational efficiency.
Therefore the correct answer is option d.
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what is office proceducer and accouting
Answers
The administrative department handles management activities that affect the entire organization. The accounting department keeps the financial records of the business and prepares reports that help the business to make financial decisions.
Hope it helps...the andrews family has $40,000 for a down payment on a house and closing cost. they need a loan to cover the remaining expenses on the house they will purchase for $150,000. the closing costs are five percent of the home value. how much will the mortage or home loan be?
Answers
Answer:
$117.500
Explanation:
$40.000 cover
- $32.500 downton payment
- $7.500 - closing costs (5%*$150.000)
Closing costs is not a part of house price.
Remain costs = $150.000 - $32.500 = $117.500
Which words means finds its food; a consumer.?
Answers
Answer:
The word that means finding its food is hunting
Which of the following is one of the basic functions of government
accountants?
A) Government accountants file tax returns for government agencies.
B) Government accountants purchase equipment for Congress.
C) Government accountants keep track of how government agencies use taxpayers money.
D) Government accountants create businesses laws and regulations.
Answers
Answer: A) Government accountants file tax returns for the government agencies.
Answer:
D
Explanation:
Suppose that the rate of return for a particular stock during the past two years was 10% for one of the years and 30% for the other year. Compute the geometric rate of return per year. (A rate of return of 10% is recorded as 0.10, and a rate of return of 30% is recorded as 0.30.) Show all work.
Answers
The geometric rate of return per year for the two years is approximately 19.74%.
The geometric mean is a measure of central tendency that calculates the geometric growth rate or average growth rate per year. It is used to calculate investment growth over several years and is the best method to compute average growth per year. To compute the geometric mean, the total return over the period is multiplied by the total return over the period, then the nth root of that product is calculated, where n is the number of years that the investment was held.
A geometrical mean is a statistical measure that calculates a measure of central tendency based on the product of the set of values. This measure is often used to calculate average growth rates for investment portfolios and is particularly beneficial when a portfolio experiences multiple returns each year. It computes average returns per year and is thus the most reliable measure for calculating growth over time.
To calculate the geometric mean of a sequence of numbers, take the product of the numbers and take the nth root of the product. The geometric mean of two numbers, for example, can be calculated as follows: sqrt (x * y). Now we'll use this method to solve the question.
Suppose that the rate of return for a particular stock during the past two years was 10% for one of the years and 30% for the other year. Compute the geometric rate of return per year.
A geometric mean can be used to calculate the average return per year as follows:
Step 1: Convert the percentage returns to decimal format, i.e. 10% = 0.10 and 30% = 0.30.
Step 2: Multiply these two numbers:
(1.10) * (1.30) = 1.43.
Step 3: Calculate the geometric mean as follows:
Geometric mean = nth root of the product, where n is the number of years. We will take the square root of 1.43 because we are computing the average for a two-year period.
Geometric mean = sqrt (1.43) ≈ 1.1974.
The geometric rate of return per year for the two years is approximately 19.74%.
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Credit card companies charge
on any purchases you have not paid off that month.
Answers
Yess they do I have a credit card the only thing u need to do is to not leave your account on negative and keep putting money in it because if it’s under 10$ and you don’t put more you will be charged 35 the next day so when you put money back they will take your money, let me be honest debit cards eats your money it’s better to get credit
if bursia exports $35 billion in services to karazakistan, and imports $40 billion of services from karazakistan, what is the services trade balance for bursia?
Answers
The services trade balance for Bursia is -$5 billion (a deficit of $5 billion).
To calculate the services trade balance between Bursia and Karazakistan, you need to subtract the value of imports from the value of exports. In this case, Bursia exports $35 billion in services to Karazakistan and imports $40 billion in services from Karazakistan.
Step-by-step explanation:
1. Identify the value of exports: $35 billion
2. Identify the value of imports: $40 billion
3. Calculate the trade balance: Exports - Imports = Trade Balance
4. Substitute the values: $35 billion - $40 billion = -$5 billion
Interpret the result:
The negative sign indicates that Bursia has a services trade deficit of $5 billion with Karazakistan. This means that Bursia is spending more on importing services from Karazakistan than it is earning from exporting services to Karazakistan. Bursia's trade deficit may have a negative impact on its overall balance of payments, as it represents a net outflow of funds from the country. It may also have implications for the competitiveness of Bursia's services sector and its ability to create jobs and generate economic growth.
The result is -$5 billion, indicating that Bursia has a services trade deficit of $5 billion with Karazakistan. This means that Bursia is spending more on importing services from Karazakistan than it is earning from exporting services to Karazakistan.
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WILL MARK BEST ANSWER BRAINLIEST
Write a professional email using the following scenario:
The manager is going to a conference in another city. She would like her assistant to book the flight and hotel.
Answers
A professional email based on the given scenario would sound like the following:
To: Assistant
From: Manager
Subject: Flight and Hotel Booking for Chicago
Date: January 28, 2022
Hi,
Please book my flight and hotel reservations for the upcoming conference in Chicago from February 7, 8:00 am to February 11, 2022 (5:00 pm).
Do not forget the company's favorite airline and hotel for the bookings.
Regards,
Tony
Thus, while the email sounds professional, it may be more conversational than formal since it is a workplace request.
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the types of companies that make particularly attractive acquisition targets when employing an unrelated diversification strategy are
Answers
The types of companies that make particularly attractive acquisition targets when employing an unrelated diversification strategy
are those that operate in different industries or have diverse product/service offerings. These companies can bring complementary expertise, resources, and customer bases to the acquiring company, reducing its reliance on a single industry or market. By diversifying into unrelated industries, the acquiring company can mitigate risks associated with economic fluctuations or industry-specific challenges, and potentially unlock new growth opportunities. Additionally, acquiring companies with strong management teams, established brand recognition, and scalable business models can further enhance the attractiveness of such acquisition targets for unrelated diversification strategies.
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Which of these innovations was important to the inca empire?
use of iron and steel for weaponry
creating papyrus for written language
building floating gardens on marshes
constructing an extensive network of roads
Answers
d). constructing an extensive network of roads. is the correct option. The innovation that was most important to the Inca Empire was the construction of an extensive network of roads.
The Inca Empire did not use iron and steel for weaponry, as they primarily used bronze, copper, and stone for their tools and weapons. The creation of papyrus for written language was not significant to the Inca Empire, as they used a system of knotted cords called quipus for record-keeping. While the building of floating gardens on marshes (also known as chinampas) was a common agricultural practice in Mesoamerica, it was not utilized by the Inca Empire in the Andean region.
While the other innovations mentioned may have been important in other civilizations, the construction of the Inca Road System was the most significant innovation for the Inca Empire. These roads, known as the Inca Road System, were an impressive feat of engineering and allowed for efficient communication, trade, and military movement throughout the empire. The roads connected the capital city of Cusco to other major cities and important locations, such as the Sacred Valley and Machu Picchu.
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Jensen reported the following items during the current year: Fair rent value of a condominium owned by Jensen's employer $ 1,400 Cash found in a desk purchased for $30 at a flea market 400 Inheritance 11,000 The employer allowed Jensen to use the condominium for free in recognition of outstanding achievement. Based on this information, what is Jensen's gross income for the year
Answers
Answer:
$1,800
Explanation:
Calculation to determine Jensen's gross income for the year
Using this formula
Gross income for the year=Fair rent value +Cash found
Let plug in the formula
Gross income for the year=$1,400+$400
Gross income for the year=$1,800
Therefore Jensen's gross income for the year is $1,800
What are the advantages and disadvantages of multinational companies?
Answers
The advantages of multinationals help spread new technologies, create new jobs, produce tax revenue for the host country. The disadvantages of multinationals can influence host country politics, exploit the local economy, take US jobs.
Some of the advantages of multinational corporations (MNCs) are 1) it will help increase the nation's trade 2) it will help improve a nation's economy 3) it will increase employment opportunities for the people of a nation. Economically, multinational corporations are quite powerful. They ignore the needs of the country. They interact with the internal affairs of host nations. Multinational companies are powerful economic entities. They can afford to take losses for a long time, hoping to make big profits, once they are done. The advantages of a corporation include personal liability protection, security and business continuity, and easier access to capital. The disadvantages of a corporation include that it is time consuming and subject to double taxation, as well as having rigid paperwork and protocols.
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You have been newly hired into a supervisory role in a busy Financial Aid office at a local college. You have six direct reports. Three have worked for the University less than five years; the other three have more than ten years in the department. Overall, you have been impressed with the staff’s dedication to serving the department’s administrative needs and responding to requests from lenders and students. However, you have observed that one of the long-time staff members, Marie, seems to take a long time with any of her assignments and is avoided by most of the students requesting services. Her behavior strikes you as unwelcoming and you have overheard her raise her voice a few times. When you bring up the issue with your boss, Noah, he says Marie is known for being hard to work with, and she knows the President of the college. Her difficult behavior has been a long-standing issue and the last supervisor did little to change the situation. Noah is also new to his role and wants to have a high performing office. Noah wants you to address Marie’s behavior.
Find an emotionally and culturally intelligent approach for how to address Marie's behavior. Write up a performance evaluation you would like Maria to sign at her yearly performance evaluation, and be sure to utilize at least two concepts from the readings as you write.
Answers
Evaluate Marie's behavior, provide feedback, set expectations, and support for improvement.
When addressing Marie's behavior, it is important to approach the situation with emotional intelligence, considering both her emotions and those of the team.
Begin by having a private conversation with Marie to discuss the concerns regarding her performance and behavior. Use active listening skills to understand her perspective and any underlying reasons for her actions.
During the performance evaluation, utilize concepts such as effective communication and feedback. Clearly outline the observed behaviors that need improvement, providing specific examples to support the feedback.
Focus on the impact of her behavior on the team and the department's overall performance.
Incorporate the concept of creating a positive work environment by emphasizing the importance of teamwork, collaboration, and providing quality service to students.
Set clear expectations regarding professional conduct, communication style, and timeliness of assignments. Offer support and resources to help Marie improve her performance, such as training opportunities or mentoring.
Throughout the process, maintain a respectful and non-confrontational tone, emphasizing the desire to help Marie succeed and contribute positively to the team.
By approaching the situation with emotional and cultural intelligence, there is a greater chance of fostering constructive dialogue, encouraging self-reflection, and ultimately promoting a more harmonious and productive work environment.
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.Suppose Ana has a yearly budget of $120 to spend on milk and yogurt. Milk is priced at $2 per gallon, and yogurt is priced at $6 per container.
If Ana spends his entire $120 on milk, he can buy _____ gallons of milk. If he spends his entire $120 on yogurt, he can buy _____ containers of yogurt.
Plot Ana's budget constraint and shade the area that represents combinations of milk and yogurt that are affordable for Ana. Place a black point on the point on Ana's budget constraint that corresponds to a scenario in which Ana spends $60 on each good.
What does the slop of Ana's budget constraint represent?
a. The cost of an additional container of yogurt in terms of dollars.
b. The cost of an additional gallon of milk in terms of dollars.
c. The opportunity cost of an additional container of yogurt in terms of gallons of milk.
d. The opportunity cost of an additional gallon of milk in terms of containers of yogurt.
Suppose Ana receives $120 from his grandmother and decides to dedicate this money to buy more milk and yogurt. Draw Ana's new budget constraint.
True or false: Ana faces the same tradeoff between milk and yogurt.
Answers
If Ana spends his entire $120 on milk, he can buy 60 gallons of milk. If he spends his entire $120 on yogurt, he can buy 20 containers of yogurt.
To calculate how much milk or yogurt Ana can buy, we need to divide his budget by the price of each item. So, $120 divided by $2 per gallon of milk equals 60 gallons of milk, and $120 divided by $6 per container of yogurt equals 20 containers of yogurt. To plot Ana's budget constraint, we can draw a straight line connecting the points (0,20) and (60,0) on a graph, where the x-axis represents the number of gallons of milk and the y-axis represents the number of containers of yogurt. The shaded area below the line represents the combinations of milk and yogurt that are affordable for Ana.If Ana spends $60 on each good, the corresponding point on the budget constraint would be (30,10), where Ana can buy 30 gallons of milk and 10 containers of yogurt.
If Ana receives an additional $120 from his grandmother, his new budget constraint would shift outwards, parallel to the original budget constraint. The new budget constraint would be represented by a straight line connecting the points (0,40) and (80,0). This means that Ana can now afford to buy more of both milk and yogurt. True or false: Ana faces the same tradeoff between milk and yogurt. False. Ana's tradeoff between milk and yogurt depends on the prices of the goods and his budget. If the prices of milk and yogurt change, or if Ana's budget changes, his tradeoff between the two goods will also change. In this case, Ana's tradeoff would change if the prices of milk and yogurt or his budget were to change.
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The manufacturing overhead account is debited when ______.
Answers
Production process involves different type of cost and expenses, manufacturing overhead account is one and it is debited when overhead applied is less than the actual overhead costs incurred.
What is manufacturing overhead cost?It is the sum of all the indirect costs that were spent while manufacturing a product.
The amount in the manufacturing overhead account can either be a debit or credit.
It is a debit when the overhead is less than the actual overhead costs that were spent.
Therefore, The manufacturing overhead account is debited when the overhead applied is less than the actual overhead costs incurred.
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Five years ago, a customer purchased 1,000 shares of ABC stock at $60 per share. The stock has appreciated in value and is currently worth $100,000. The company announces that it is spinning off a subsidiary, DEF, to its shareholders. The value of the new company being spun off equals 10% of the old company. The customer will have:
Answers
Answer:
$54,000 cost basis in ABC; $6,000 cost basis in DEF
Explanation:
The original cost basis is the price that was paid for the shares. This means that 1,000 shares at $60 each gives a cost basis of $60,000.
Now if the subsidiary DEF is worth 10% of ABC which has a cost basis of $60,000, then the share of DEF that customers will have will be 10% of $60,000.
(10÷100) x $60,000 = 0.1 x $60,000
= $6,000.
Now, if DEF is worth $6,000 (i.e 10%) of ABC, then ABC's worth will now be $60,000 - $6,000 = $54,000.
The original cost basis is that price that was paid for the shared initially. This means that it has no effect on the increase in value of the shares.
Cheers.