Catherine B. is working with her production supervisor to compute a predetermined overhead ryte for the coming year. Catherine and her production supervisor have put together a budget of 1,400 direct labor hours for the coming year. During the same period, they plan to use 2,000 machine hours. Catherine has assembled the following information for the upcoming year: Depreciation on factory equipment $100,000
Indirect labor payroll 14,000
Wages of factory Janitors 70,000
Sales supervisor salary 102,000
Utilities for factory 34,000
Rent on factory building 24,000
Factory insurance • 10,000
if Catherine decides to use a predetermined overhead rate based on machine hours, what would be the predetermined overhead rate (if necessary, round your answer)?
A $112/MH
B $180/MH
C $160/MH
D $126/MH

You have just been hired as a financial analyst for barrington industries. unfortunately, company headquarters (where all of the firm's records are kept) has been destroyed by fire. so, your first job will be to recreate the firm's cash flow statement for the year just ended. the firm had $100,000 in the bank at the end of the prior year, and its working capital accounts except cash remained constant during the year. it earned $5 million in net income during the year but paid $800,000 in dividends to common shareholders. throughout the year, the firm purchased $5.5 million of machinery that was needed for a new project. you have just spoken to the firm's accountants and learned that annual depreciation expense for the year is $450,000; however, the purchase price for the machinery represents additions to property, plant, and equipment before depreciation. finally, you have determined that the only financing done by the firm was to issue long-term debt of $1 million at a 6% interest rate. what was the firm's end- of-year cash balance? recreate the firm's cash flow statement to arrive at your answer

Drag the tiles to the correct boxes to complete the pairs.(there's not just one answer)match each online banking security practice with the pci security requirement that mandates it.1. encrypting transfer of card data2. installing a firewall3. installing antivirus software4. assigning unique ids and user namesa. vulnerability management programb. credit card data protectionc. strong access controlsd. secure network

Why does an organization prepare a balance sheet? a. to reveal what the organization owns and owes at a point in time b. to reveal how well the company utilizes its cash c. to calculate retained earnings for a given accounting period d. to calculate gross profit for a given accounting period