Answer:
$50,094.8
Explanation:
Flexible Budget are budget prepared by taking the actual activity level achieved at standard cost/price. WHILE
q is taken as the actual level of activity which is 240 diving hours.
Puget Sound Divers
Flexible Budget For the Month Ended May 31
Revenue ($440.00 ×240) $105,600
Expenses:
Wages and salaries ($11,800 + $128.00×240) $42,520
Supplies ($3.00 ×240) $720
Equipment rental ($2,100 + $22.00 ×240) $7,380
Insurance ($4,000) $4,000
Miscellaneous ($530 + $1.48×240) $885.2
Total expense $55,505.2
Net operating income ($105,600- $55,505.2) $ 50,094.8
Net operating income =Revenue - Total expenses
Answer:
C. The present value of cash flows in Investment A is higher than the present value of cash flows in Investment B.
Explanation:
Typically, discount rate represents cost of capital or funds used to finance the investment. This implies that the higher the cost of capital , the lower the present value of cash inflow on the investment and vice-versa.
Hence, the present value of cash flows in Investment A is higher than the present value of cash flows in Investment B, because A has a lower discount rate.
Given:
<span>stockton company adjusted trial balance december 31
cash 7,530
accounts receivable 2,100
prepaid expenses 700
equipment 13,700
accumulated depreciation 1,100
accounts payable 1,900
notes payable 4,300
common stock 1,000
retained earnings 12,940
dividends 790
fees earned 9,250
wages expense 2,500
rent expense 1,960
utilities expense 775
depreciation expense 250
miscellaneous expense 185
To determine the total assets, we only have to consider the following:
</span>cash 7,530
accounts receivable 2,100
prepaid expenses 700
equipment 13,700
<span>accumulated depreciation <u> (1,100) </u>
</span>Total assets: 22,930 CHOICE D.
NET INCOME:
fees earned 9,250
<span>wages expense (2,500) </span>
<span>rent expense (1,960) </span>
<span>utilities expense (775) </span>
<span>depreciation expense (250) </span>
<span>miscellaneous expense <u> (185)</u>
</span><span>Net Income 3,580
LIABILITIES AND S.H.E
</span>accounts payable 1,900
<span>notes payable 4,300 </span>
<span>common stock 1,000 </span>
<span>retained earnings 12,940 </span>
<span>dividends (790)
</span>Net Income <u> 3,580</u>
TOTAL LIABILITIES & SHE 22,930
Artificial selection is the intentional reproduction of individuals in a population that have desirable traits. In organisms that reproduce sexually, two adults that possess a desired trait — such as two parent plants that are tall — are bred together.