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1 year ago

Budget provides the financial status of the government in detail. Explain it

Business

1 answer:

My name is Ann [436]1 year ago

5 0

Answer:

The budget is a central policy document of government, showing how it will prioritise and achieve its annual and multi-annual objectives. Apart from financing new and existing programmes, the budget is the primary instrument for implementing fiscal policy, and thereby influencing the economy as a whole.

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Diamond Design Company makes custom chairs for individual customers. On September 1, there was one job in process, Job 243, with

Romashka [77]

Answer:

Net operating income= $3,152

Explanation:

Giving the following information:

Job 245 was completed on September 14 and the client was billed at cost plus 40%.

Job 245:

Direct Materials= $6,700

Direct Labor= $2,300

Overhead= 0.60*2300= $1,380

Total cost= $10,380

Sales= 1.4*10380= $14,532

Cost od goods sold= 10380

Gross profit= 4152

Selling and administrative expense= 1000

Net operating income= $3,152

3 0

3 years ago

Which of the following is a skill? A. Sitting B. Hearing C. Dancing O D. Talking

-Dominant- [34]

C, Dancing. Have a good rest of your day!!

5 0

3 years ago

Read 2 more answers

Assume the company is considering investing in a new machine that will increase its fixed costs by $42,500 per year and decrease

Semenov [28]

Answer:

The company should purchase the machine.

Explanation:

Note: The complete question is attached below

Forecasted contribution margin income statement

For the Year Ended December 31

Particulars Amount$

Sales 2,440,000

Variable cost(10,000*185(195-10)) 1,850,000

Contribution margin 590,000

Fixed cost (327,600+42,500) 370,100

Income $219,900

Because the income increase by $57,500 due to the pruchase, the company should purchase the machine

8 0

3 years ago

6%/12%Your grandmother is giving you $100 a month for four years while you attend college to earn your bachelor's degree. At a 6

RoseWind [281]

Answer:

The answer is " $0.39010989$ "

Explanation:

$PMT= 100\\\\n= 4 \times 12 =48 \\\\r= \frac{6.0}{12}= 0.005$

PV =?

$PV= PMT\times \frac{(1-\frac{1}{1+r^n})}{r}$

$=100 \times \frac{(1-\frac{1}{1+0.005^{48}})}{0.005}\\\\=100 \times \frac{(1-\frac{1}{1+3.55})}{0.005}\\\\=100 \times \frac{(1-\frac{1}{4.55})}{0.005}\\\\=100 \times \frac{(\frac{4.55 -1}{4.55})}{0.005}\\\\=100 \times \frac{(\frac{3.55}{4.55})}{0.005}\\\\=100 \times 0.0039010989\\\\=0.39010989$

3 0

3 years ago

During March, Patt, Inc. purchases and uses 8,800 pounds of materials costing $35,640 to make 4,000 tiles. Patt's standard mater

omeli [17]

Answer and Explanation:

The computation is shown below:

Total material cost variance

= (Standard quantity × standard price) - (actual quantity × actual price)

= (4,000 tiles × 2 pounds of material × $4) - (8,800 pounds × $35,640 ÷ 8,800 pounds)

= (8,000 pounds × $4) - ($8,800 pounds × $4.05)

= $3,640 unfavorable

For material price variance

= Actual Quantity × (Standard Price - Actual Price)

= 8,800 × ($4 - $4.05)

= $440 unfavorable

For material quantity variance

= Standard Price × (Standard Quantity - Actual Quantity)

= $4 × (8,000 pounds - 8,800 pounds)

= $3,200 unfavorable

The favorable variance is that in which the standard cost is more than the actual cost and the inverse goes to unfavorable variance

4 0

3 years ago

Budget provides the financial status of the government in detail. Explain it​

Budget provides the financial status of the government in detail. Explain it