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HW, Inc had $127,000 in Gross Property, Plant and Equipment last year. This year the balance in Gross Property, Plant and Equipment was $212,000. The
HW, Inc had $127,000 in Gross Property, Plant and Equipment last year. This year the balance in Gross Property, Plant and Equipment was $212,000. The company also sold equipment that had an original cost of $18,000 and accumulated depreciation of $11,000 for $6,000. What was Capital Expenditures(CAPEX): $103,000 $85.000 $18.000 $212,000 Last year, the BXS Company had net income of $100,000. BXS collected the following additional information to prepare its statement of cash flows for the year: $ Increase in accounts receivable 140,000 Decrease in inventory $ 37,000 Decrease in accounts payable 54,000 Increase in retained earnings 48.000 Cash received from sale of building 234,000 Gain on sale of building 66,000 Depreciation expense 51.000 BXS uses the indirect method to prepare its statement of cash flows. What is BXS's net cash provided by (used in) operating activities? $172.000) $336,000 $242,000 $60,000 In a manufacturing facility, the cost of utilities (electric, gas and water) for running production equipment is classified as: Conversion cost 20 Yes Yes No No Direct cost (easily traceable to products) No Yes Yes No D) Choice B Choice A Choice D Choice C Moss, Inc applies overhead cost to jobs on the basis of 70% of direct labor cost. If Job TP069 shows $20,300 of manufacturing overhead cost applied, how much was the direct labor cost on the job? $14,210 $20,300 $29.000 $34,510 HW, Inc had $127,000 in Gross Property, Plant and Equipment last year. This year the balance in Gross Property, Plant and Equipment was $212,000. The company also sold equipment that had an original cost of $18,000 and accumulated depreciation of $11,000 for $6,000. What was Capital Expenditures(CAPEX): $103,000 $85.000 $18.000 $212,000 Last year, the BXS Company had net income of $100,000. BXS collected the following additional information to prepare its statement of cash flows for the year: $ Increase in accounts receivable 140,000 Decrease in inventory $ 37,000 Decrease in accounts payable 54,000 Increase in retained earnings 48.000 Cash received from sale of building 234,000 Gain on sale of building 66,000 Depreciation expense 51.000 BXS uses the indirect method to prepare its statement of cash flows. What is BXS's net cash provided by (used in) operating activities? $172.000) $336,000 $242,000 $60,000 In a manufacturing facility, the cost of utilities (electric, gas and water) for running production equipment is classified as: Conversion cost 20 Yes Yes No No Direct cost (easily traceable to products) No Yes Yes No D) Choice B Choice A Choice D Choice C Moss, Inc applies overhead cost to jobs on the basis of 70% of direct labor cost. If Job TP069 shows $20,300 of manufacturing overhead cost applied, how much was the direct labor cost on the job? $14,210 $20,300 $29.000 $34,510
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