1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
astraxan [27]
2 years ago
5

PROBLEM 8–31 Completing a Master Budget Hillyard Company, an office supplies specialty store, prepares its master budget on a qu

arterly basis. The following data have been assembled to assist in preparing the master budget for the first quarter:
Required:
Using the data above, complete the following statements and schedules for the first quarter:
Schedule of expected cash collections:
Business
1 answer:
kompoz [17]2 years ago
6 0

The main purpose of the sales budget is to achieve the financials objectives of the sales department.

<h3>What is a sales budget?</h3>

This refers to a financial plan that estimates a company's total revenue in a specific time period.

<h3>What is the Schedule of expected cash collections?</h3><h3>                             Hillyard Company</h3><h3>                               Sales Budget</h3><h3>                For the Quarter ended march 31</h3><h3>                                       Jan          Feb          Mar        Quarter</h3>

Budgeted Sales             $400,000 $600,000   $300,000  $1,300,000

Total Budgeted Sales   $400,000 $600,000  $300,000  $1,300,000

Read more about sales budget

<em>brainly.com/question/27207594</em>

#SPJ1

You might be interested in
There are the four main legal structures for a business in the United States. Which two of these protect your personal liability
omeli [17]

LLC and corperations

8 0
3 years ago
Pam retires after 28 years of service with her employer. She is 66 years old and has contributed $42,000 to her employer's quali
storchak [24]

Answer:

Explanation:

Income from the annuity payments in the first year?

Exclution per payment = Total contribution to pension fund/ Number of anticipated monthly annuity payments = 42,000/210 = 200

Collects payments in 2015 = 6*3,000=18,000

Exclusion for capital recovery = 6*200 = 1,200

Net Income = 18,000-1,200 = 16,800

What is her income from the annuity payments in the twenty-fourth year?

3,000*12 = 36,000

What are Pam's income and deductions from the annuity contract in the year of her death?

Income from annuity payments = 3000 x 8 months = 24000

Loss deductions = 3000 x 4 months = 12000

5 0
3 years ago
How should office workers prevent workplace hazards?
vredina [299]

Use ergonomically designed equipment for work

Answer:C

I think this is the answer

4 0
3 years ago
A company uses return on investment (ROI) to measure the performance of its business units. The company manufactures and distrib
dalvyx [7]

Answer: B. Decrease

Explanation:

Return on investment refers to the ratio between the net income and investment. It should be noted that a high return on investment implies that the investment's gains compare favourably to the cost.

In this scenario, since a large amount of raw material was bought in advance and stored in the manufacturing plant inventory, this will lead to an increase in the cost of production which therefore will reduce the return in investment.

Therefore, the correct option is B.

6 0
3 years ago
A company has decided to discontinue a component of its business and sells the component by the end of the year. The amount that
dimulka [17.4K]

Answer:

C. income from operations for the year and only a loss on the disposal of the component's assets.

Explanation:

Income from discontinued operations is a line item of a company below Income from Continuing Operations and before Net Income on an income statement. It represents the after-tax gain or loss on the sale of a component of the business. It also shows the after-tax effect of the operations of the discontinued component for the period.

The amount that the company would report as income from discontinued operations is (ignore tax effects) <u>income from operations for the year and only a loss on the disposal of the component's assets.</u>

4 0
3 years ago
Other questions:
  • The principle benefit of tariff protection goes to a. foreign consumers of the good produced. b. domestic consumers of the good
    12·1 answer
  • Hosting message boards about your product is an example of what type of word-of-mouth marketing strategy?
    9·1 answer
  • Retained earnings at the beginning and ending of the accounting period were $650 and $1,400, respectively. Revenues of $2,500 an
    7·1 answer
  • Mark recently graduated with honors from his college. He has bragged to his friends that his academic performance has prepared h
    10·1 answer
  • Your portfolio consists of $50,000 invested in Stock X and $50,000 invested in Stock Y. Both stocks have return of 15%, betas of
    15·1 answer
  • Which of the following statements is an example of wording that might be included in an
    14·1 answer
  • What is networking why is useful when looking for a job
    12·2 answers
  • The following items may appear on a bank statement:
    14·1 answer
  • How many years will it take for an investment to increase by 3 times at an interest rate of 9% g
    15·1 answer
  • true or false: in a localization strategy, decision-making is centralized at headquarters because firms are not pressured for lo
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!