Answer:
$1,756,600.
Explanation:
P2 Jasper Company
Budgeted cash Receipt
For the 2nd quarter
April May June
Accounts Receivable $400,000
70% in the month of Sale $367,500 $374,500 $392,000
30% in the month after Sale $110,250 $112,350
Budgeted cash receipt $767,500 $484,750 $504,350
Total budgeted cash receipt for the 2nd quarter = $767,500 + $484,750 + $504,350 = $1,756,600.
30% in the month after sale means 30% amount will be received in the following month.
Discretionary meaning is the ability to make decisions based on one’s own judgement and experience. It involves the consideration of many factors, including ethical and moral considerations, and is often used in situations where there is no clear answer or the situation is complex.
What is Discretionary?
Discretionary refers to a decision that is left up to you. You have the choice not to take regular baths; keep in mind, though, that your friends could perhaps disagree together on this. Bathing is a discretionary act. When money isn't set aside for a specific use, it's often referred to as discretionary. How discretionary funds should be used is up to the decision-makers in charge. The word discretion is the root of the word discretionary, which can be defined as "the right to decide stuff based on one's own judgement." If you're given a task to finish at your discretion, you can choose how to do it — as well as whether you want to do it at all.
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C) represent clients and customers in residential or commercial property transactions, but not both.
A real estate licensee refers to an individual who holds an active license as a real estate broker, principal real estate broker or licensed real estate property manager.
A real estate licensee has permission to enter into a property they represent with the general public. This means that the owner of the real estate grant the agent his or permission to make use of the land.
Other duties of a real estate licensee are :
- Determining clients’ needs and financials abilities to propose solutions that suit them.
- Providing guidance and assisting sellers and buyers in marketing and purchasing property for the right price under the best terms.
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Answer:
$13,640 Unfavorable
Explanation:
Data provided
Actual hours = 2,600
Standard hours = 6.0
Standard variable overhead rate = $12.40
The computation of variable overhead efficiency variance is shown below:-
Variable overhead efficiency variance = (Actual hours - Standard hours) × Standard rate
= (2,600 - (250 × 6.0)) × $12.40
= (2,600 - 1,500) × $12.40
= 1,100 × $12.40
= $13,640 Unfavorable
Therefore for computing variable overhead efficiency variance we simply applied the above formula.
