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vichka [17]
2 years ago
14

What is the first step in setting up a budget? (1 point)

Business
1 answer:
kap26 [50]2 years ago
7 0
I would think to find out how much you make so A,B and c and d is a mystery to me. Hope this helped
You might be interested in
Workplace diversity describes differences among workers in any of the following areas:
Svetllana [295]

Answer:

religion

race

Explanation:

Diversity in the workplace is a deliberate attempt to incorporate a wide range of different workers. It is an appreciation that each person or group of people is unique and has diverse characteristics.  Workplace diversity results in the organization being accommodative to diverse cultures and different identities.

Workplace diversity embraces race, gender, age, sexual orientation, ethnic groups, religion, sexual orientation, and physical conditions. It also includes other unique differences between people.

4 0
3 years ago
Select the correct text in the passage. Which sentence describes a cooperative organization? Cohen and his friends work in a coo
frutty [35]

Answer:

They own and control the functions of the organization.

Explanation:

A cooperative is owned by the total of their affiliates who are the direct users of it. This means that if you want to use the cooperative you must be an owner/affiliate.

6 0
3 years ago
The general services administration (gsa was set up as an independent agency _____.
ahrayia [7]
To Take care of the construction and operation of public buildings
3 0
3 years ago
Read 2 more answers
For each of the following (1) identify the type of account as an asset, liability, equity, revenue, or expense, (2) identify the
romanna [79]

Answer:

Please see explanation.

Explanation:

1. and 2.

                                  Type of accounts            Normal balance

a. Cash                                asset                            Debit

b. Legal Expense               expense                       Debit

c. Prepaid Insurance          asset                            Debit

d. Land                                asset                            Debit

e. Accounts Receivable     asset                            Debit

f. Dividends                         equity                          Debit

g. License Fee Revenue    revenue                      Credit

h. Unearned Revenue        liability                        Credit

i. Fees Earned                     revenue                      Credit

j. Equipment                        asset                           Debit

k. Notes Payable                 liability                        Credit

l. Common Stock                equity                          Credit

Journal entries to increase the balance:

                                                             Dr                          Cr

a. Cash                                            Cash                        Revenue

b. Legal Expense                     Legal expenses              Cash

c. Prepaid Insurance               Prepaid Insurance          Cash        

d. Land                                      Land                                Cash                                    

e. Accounts Receivable        Accounts receivable        Revenue

f. Dividends                           Retained earnings            cash

g. License Fee Revenue      Cash                                   License Fee Revenue

h. Unearned Revenue         Cash                                  Unearned revenue

i. Fees Earned                     Cash                                   Fees Earned

j. Equipment                        Equipment                          Cash

k. Notes Payable                Cash                                    Notes Payable

l. Common Stock                Cash                                    Common Stock

7 0
3 years ago
(Prob. 5.32) The industrial engineering department for Invade Air Fresheners has found that a new packing machine should save $4
cluponka [151]

Answer:

It will be willing to pay up to $297,853.46

Explanation:

First, we calculate  present value of the cash saving

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

C 45000

time 8

rate 0.05

45000 \times \frac{1-(1+0.05)^{-8} }{0.05} = PV\\

PV $290,844.57

Then, the present Value of the salvage value

\frac{Salvage}{(1 + rate)^{time} } = PV  

Maturity   7.50 %

time   8.00

rate   0.05

\frac{7.5}{(1 + 0.05)^{8} } = PV  

PV   5.08 %

This is calculate as a percent, because we are not given with a cash value.

Last, the 12,000 major overhaul

\frac{Overhaul}{(1 + rate)^{time} } = PV  

Maturity   -12,000.00

time   8.00

rate   0.05

\frac{12000}{(1 + 0.05)^{8} } = PV  

PV   -8,122.07

This PV is negative as it is a cash out-flow

Lastly, we add them all:

290,844.57 + 0.0508PV - 8,122.07 = PV

<u>And solve for PV</u>

290,844.57 - 8,122.07 = PV - 0.0508PV

282,722.5‬ = 0.9492PV

282,722.5/0.9492 = PV

PV = 297,853.455541 = 297,853.46

3 0
3 years ago
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