Negative free cash flow does not automatically signal poor performance.
Answer the following statement true (T) or false (F)
True
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Red Tail Manufacturing, Inc provided the following information for the year
Purchases-Raw Materials $91,000 Plant Utilities and Insurance 66,000 Indirect Materials Used 11,240 Indirect Labor 4,830 Direct Materials Used in Production 98,000 Direct Labor 118,500 Depreciation on Factory Plant and Equipment 8,000 Cost of Goods Manufactured 292,000 Cost of Goods Sold 290,000 The inventory account balances as of January 1 are given below. Raw Materials Inventory $45,000 Work-in-Progress Inventory 11,000 Finished Goods Inventory 304,570 What is the ending balance in the Finished Goods Inventory? A) $304,570 B) $302,570 C) $306,570 D) $596,570
The ability to purchase production inputs on credit allows a firm to partially offset the length of time resources are tied up in the operating cycle
Indicate whether the statement is true or false
Which of the following is a tool used for asynchronous communication?
A) discussion forums B) webinars C) conference calls D) multiparty text chat
Martinez Company makes leather cowboy hats. Each hat requires 1/2 yard of leather to produce. At the beginning of the year, the company had (a) 75 hats in Finished Goods Inventory and (b) 60 yards of leather at a cost of $12 per yard in Raw Materials Inventory. During the year, the company purchased 850 more yards of leather at $12 per yard and manufactured 1,600 hats. Determine the unit and dollar amounts of leather Raw Materials Inventory at the end of the year.
What will be an ideal response?