Answer:
a. The depreciation expense isn't separately listed, but its influences are shown in the projected tax payments.
Explanation:
The cash budget reflects all cash transactions, both receipts and payments
It includes interest and dividend disbursements, indicating cash outflows when payments are made in cash
Additionally, it impacts the Days Sales Outstanding (DSO) and encompasses cash inflows related to long-term sources such as bond issuance
However, since depreciation is a non-cash expense, it's not explicitly accounted for, but its impact is included in tax payment projections
Answer:
Total hours worked = 17,550 hours
Explanation:
Labour hours efficiency variance = labour efficiency variance/standard labour cost per hour
The hourly standard labour cost = $24
= 1,200/24= 50 hours
Labour variance (in hours) = Actual labour hours - Standard hours for actual units produced
The standard labour hours allowed for the production of 875 cranes is:
= 20 × 875 = 17,500 hours
Let the actual hours be "y"
50 = y - 17500
y = 50 + 17500
y= 17,550 hours
Total hours worked = 17,550 hours
Answer:
The real exchange rates calculated are 4.5 and 3
Explanation:
We understand that
Real exchange rate = Nominal exchange rate × (Basket cost in US ÷ Basket cost in Norway)
Utilizing this formula, the calculation proceeds as follows:
For a nominal exchange rate of 3, the real exchange rate is calculated as follows:
= 3 × (60 ÷ 40)
= 4.5
For a nominal exchange rate of 2, the real exchange rate is:
= 2 × (60 ÷ 40)
= 3
Rhanda Merchandising Inc.
Income Statement
Total revenue $2,980,000
-Cost of goods sold ($1,520,828)
Gross profit $1,459,172
-Depreciation expense ($250,000)
Operating profit $1,209,172
Gain on condemnation of company property $266,000
-Loss of assets from meteor strike ($656,000)
Income from continuing operations before taxes $819,172
-Income taxes ($207,000)
Income from continuing operations after taxes $612,172
Gain from discontinued operations $755,000
-Loss from discontinued operations ($475,000)
Net income $892,172
1) Most likely, it's commission. Although both commissions and bonuses relate to sales performance, the fact that she receives them for each sale implies commissions, which are typically a recurring part of a pay system, as opposed to bonuses which are usually one-time payments. 2) Refers to a fixed salary. Hourly wages are generally associated with entry-level positions, whereas fixed salaries apply to higher-ranking or executive positions.
