The cost of retained earnings is always lower than the cost of a new issue of common stock due to the absence of flotation costs when financing projects with retained earnings

On January 1, Biden, Inc's Work-in-Process Inventory account had a balance of $31,900

During the year, $58,500 of direct materials was placed into production. Manufacturing wages incurred amounted to $85,000, of which $64,500 were for direct labor. Manufacturing overhead is allocated on the basis of 120% of direct labor cost. Actual manufacturing overhead was $90,300. Jobs costing $220,800 were completed during the year. What is the December 31 balance of Work-in-Process Inventory? A) $154,900 B) $31,900 C) $232,300 D) $11,500

________ cash flow is the increase in cash generated by a new project above the current cash flow without the new project

A) Future B) Current C) Discounted D) Incremental