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Rice Company, a retailer, has provided the following information pertaining to its recent year of operation: Net income, $100,000 Accounts receivable increased $9,000 Prepaid insurance
Rice Company, a retailer, has provided the following information pertaining to its recent year of operation: Net income, $100,000 Accounts receivable increased $9,000 Prepaid insurance decreased $3,000 Depreciation expense was $15,000 Gain on sale of land, $2,000 Wages payable decreased $7,000 Unearned revenue increased $11,000 Using the indirect method, how much was Rice's net cash provided by operating activities? Work contos W.X Y and Z are available for 40 hours per week and have no setup time when switching between products Market demand for each product is 80 units per week in the questions that follow the traditional method refers to maximizing the contribution margin per unit for each product, and the bottleneck method refers to maximizing the contribution margin par minute at the bottleneck for each product A company makes four products that have the following characteristics Product A sells for $50 but needs $10 of materials and $15 of labor to produce Product B sells for 575 but needs 530 of materials and 515 af labor to produce, Product solls for $100 but needs 550 of materials and $30 of labor to produce Product D sells for $150 but needs 575 of materials and $40 of labor to produce. The processing requirements for each product on each of the four machines are shown in the table Processing Time (min unit) Work Center D w 3 12 X 9 10 Y 4 3 12 9 2 10 0 7 11 A 1 4 Using the traditional method what is the profit if the company manufactures the optimal product mix (consider variable costs anly-overhead is not included in this profi calculation) A Greater than 58.300 but less than or equal to 58,500 O B. Less than or equal to $8.100 C Greater than 58 100 but less than or equal to 58,300 OD. Greater than 58.500
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