In the month of August, a firm had total cash receipts of $10,000, total cash disbursements of $8,000, depreciation expense of $1,000, a minimum cash balance of $3,000, and a beginning cash balance of $500
The ending cash balance for August totals ________.
A) $1,500
B) $5,500
C) $2,500
D) $3,500
C
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When using the indirect method, how would the declaration and payment of cash dividends be shown on the statement of cash flows?
a. Operating activities b. Investing activities c. Financing activities d. Noncash investing and financing activity
A firm produces and sells two products, Plus and Max. The following information is available relating to setup costs (a part of factory overhead): Plus Max Units produced 200 16,000 Batch size (units) 10 400 Number of setups 20 40 Direct labor hours per unit 5 5 Total direct labor hours 1,000 80,000 Cost per setup$1,080 Total setup cost$64,800 Using direct labor hours as the allocation base, the setup cost portion of overhead that is allocated to each unit of product for Plus and Max, respectively is:
A. $3.20; $3.20. B. $.80; $.80. C. $200.00; $16,000.00. D. $160.00; $12,800.00. E. $4.00; $4.00.
Choose the correct verb in parentheses. Will you (borrow, lend) me your class notes?
Which sentence is expressed correctly?
A) Gregg asked the applicant if she had received her M.B.A. from U.C.L.A. B) ?Gregg asked the applicant if she had received her MBA from UCLA.. C) Gregg asked the applicant if she had received her MBA from UCLA.