FlyingUnicorn123
20.12.2019 •
Business
The 2017 balance sheet of staples, inc. shows total assets of $8,271 million, operating assets of $6,566 million, operating liabilities of $3,527 million, and shareholders’ equity of $3,688 million. staples' 2017 net operating assets are: select one:
a. $11,798 million
b. $ 6,566 million
c. $ 4,744 million
d. $ 3,039 million
e. none of the above
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Ответ:
D. $ 3,039 million
Explanation:
Net Operating Assets = Operating Assets - Operating Liabilities
Net Operating Assets = $6,566 million - 3,527 million
Net Operating Assets = $3,039 million
Ответ:
False
Explanation:
The amount of the allocation base is determined first and then based on this, the total manufacturing overhead is determined.
The allocation base includes those things that are used to support the production activities of the company during a period such as labor or machine hours and square foot occupied. When these are determined, the overhead costs needed to use these will then be determined.