Which of these statements is accurate?
b.
net cash flow plus cash outflow equals cash inflow
Total Cash Inflow essentially encapsulates Cash Receipts, Cash inflow from Asset Sales, and similar sources. Cash Outflow pertains to paid Expenses, purchased Assets, and so forth. Net Cash flow simply refers to the difference between Cash Inflow and Cash Outflow; it can be negative if outflow exceeds inflow or positive if the opposite is true.
Based on the above details, B appears to be the right choice.
Answer:Jalen journal $
Date
Jan 1,2021
Land Dr. 860,887
Note payable Cr. 860,887
Narration. Issuance of note for the above amount, payable in four installments for land purchase.
June 30,2021
Note payable Dr 215,221.64
Cash Cr. 215,221.64
Narration. Payment of the first installment for the land acquisition.
December 31,2021
Note payableDr 215,221.64
Cash.Cr. 215,221.64
Narration. Payment of the second installment for the land acquisition.
2. Remaining balance on note payable as of December 31, 2021 is $400,000
Interest expense balance is $30,443.28.
Explanation:
The land account is debited to reflect its purchase, while the notes payable account is credited to recognize the liability.
Payments made in the first and second periods debit the respective installment amounts.
The note payable balance indicates the outstanding principal payments of $800,000, whereas the interest expense denotes the additional amount beyond the principal.
For Part a, the equilibrium price that Dumphy and Funke will set is $30. In Part b, the profits for Dumphy and Funke at this equilibrium price amount to $0. Regarding Part c, both artists are expected to engage in price competition after experiencing a decline in demand. To clarify, the price each artist sets equals their marginal cost, thus establishing equilibrium at MC = $30.
Response:
=IF(C5>35000,IF(C5>25000<35000,IF(C5<25000,0.05*C5),0.04*C5),0.02*C5)
Justification:
Below is the formula intended to be entered in cell C8:
=IF(C5>35000,IF(C5>25000<35000,IF(C5<25000,0.05*C5),0.04*C5),0.02*C5)
This formula computes the bonus based on the provided data, utilizing the IF function. The formula begins with an equal sign, followed by IF and the application of all relevant terms.
Response:
Labor Efficiency Variance: $2,090 Favorable
Clarification:
Based on the information provided, the calculation for labor efficiency variance for July is outlined below:-
Labor efficiency variance = Standard rate × (Standard hours - Actual hours)
= $11 × ((0.7 × 3,000) - 1,910)
= $11 × 190
= $2,090 Favorable
Hence, to compute the labor efficiency variance for July, we adhered to the aforementioned formula.
