Morrison Supply provides the following information about resources:
Resources used Adrninistrative Customer service Energy Long-tem labor Materials Purchasing Setups Cost Driver Rate $50310809012145450 Cost Driver Volurne 1,200 drniristrative hours 65returns770 machine hours 1,60 labor hours 50,000 mits 120 purchase orders 115setups
Resources used Adrninistrative Customer service Energy Long-tem labor Materials Purchasing Setups $68,00031,20066,480163,000625,00034,00060,400
Required:
Compute the unused resource capacity for each preceding item.
Understand and describe the structure and components of a cash flow statement.
Apply accounting principles to prepare an income statement.
Analyze and interpret financial transactions and their impact on financial statements.
Evaluate the financial performance of a company using net profit margin calculations.
Definitions:
Payee
The individual or entity to whom a check, draft, or promissory note is made payable.
First in Time
A principle stating that rights or privileges are assigned to those who are first to take action or establish legal claim.
Priority in Bankruptcy
The ranking order established by bankruptcy law that determines the sequence in which creditors are paid from a debtor's estate.
Accounts Receivables
The amounts of money owed to a company by customers for goods or services that have been delivered or used but not yet paid for.