The following T-account is a summary of the cash account of Wildhorse Company. Cash (Summary Form) Balance, Jan. 1 5,600 Receipts from customers 254,800 Payments for goods 140,000 Dividends on stock investments 4,200 Payments for operating expenses 98,000 Proceeds from sale of equipment 25,200 Interest paid 7,000 Proceeds from issuance of Taxes paid 5,600 bonds payable 210,000 Dividends paid 28,000 Balance, Dec. 31 221,200 What amount of net cash provided (used) by financing activities should be reported in the statement of cash flows

Waterway company’s record of transactions for the month of april was as follows. purchases sales april 1 (balance on hand) 672 @ $6.00 april 3 560 @ $11.00 4 1,680 @ 6.08 9 1,568 @ 11.00 8 896 @ 6.41 11 672 @ 12.00 13 1,344 @ 6.51 23 1,344 @ 12.00 21 784 @ 6.61 27 1,008 @ 13.00 29 560 @ 6.79 5,152 5,936 (a) calculate average-cost per unit. (b) assuming that periodic inventory records are kept in units only, compute the inventory at april 30 using lifo and average-cost. (c) assuming that perpetual inventory records are kept in dollars, determine the inventory using (1) fifo and (2) lifo. (d) compute cost of goods sold assuming periodic inventory procedures and inventory priced at fifo.

Miller company’s total sales are $171,000. the company’s direct labor cost is $20,520, which represents 30% of its total conversion cost and 40% of its total prime cost. its total selling and administrative expense is $25,650 and its only variable selling and administrative expense is a sales commission of 5% of sales. the company maintains no beginning or ending inventories and its manufacturing overhead costs are entirely fixed costs. required: 1. what is the total manufacturing overhead cost? 2. what is the total direct materials cost? 3. what is the total manufacturing cost? 4. what is the total variable selling and administrative cost? 5. what is the total variable cost? 6. what is the total fixed cost? 7. what is the total contribution margin?

Question 1 2 points is the concern of business for the long-range welfare of both the company and its relationships to the society within which it operates