Answer: From the Company Menu, select Planning & Budgeting > Set Up Budgets
Explanation:
Quickbooks is a very popular and effective accounting software that is mainly used by Small to Medium Scale Businesses to manage their Accounting affairs with its myriad of functions including on-premises and online cloud functions for ease of operations.
When setting up a new budget with Quickbooks, from the <em>Company menu</em>, click on <em>Planning and Budgeting</em> and then click on <em>Set Up Budgets</em>. After that you should click on <em>Create New Budget</em> and then continue from there.
Answer:
Income reported under absorption costing =$440,000
Explanation:
<em>The income reported under absorption costing can be determined by adjusting the income under variable costing for difference in profit.</em>
<em>The steps are outlined below:</em>
<em>Step 1</em>
<em>Calculate the Overhead absorption rate</em>
OAR = Budgeted Fixed overhead/ Budgeted number of units
= $270,000/ 27,000 units
= $10
<em>Step 2</em>
<em>Calculate the change in inventory </em>
8500 units (given)
<em>Step 3</em>
<em>Calculate the difference in profit </em>=
<em> Difference in profit = OAR × change in inventory</em>
=8500×$10
= $85000
<em>Step 4</em>
<em>Calculate Income under absorption costing</em>
<em> = Income under variable costing + Difference in profit</em>
=$85,000 + $355,000
=$440,000
Income reported under absorption costing =$440,000
<u>Data analytics</u><u>, llc, is a limited liability company. unless the articles of organization specify otherwise, it will most likely be assumed that the firm is </u><u>manager-managed.</u>
<u>What is a limited liability company LLC ?</u>
- A limited liability company (LLC) is a type of business structure that combines the traits of corporations and partnerships.
- It has TWO PRIMARY FEATURES: (1) the shareholders of corporations are granted limited liability; AND. (2) The tax treatment of a partnership.
What advantage does the LLC form of business ownership offer ?
- An LLC offers both the limited liability of a corporation and the tax status of a partnership.
- Benefits: LLCs are more flexible and let non-resident aliens, partnerships, and corporations join.
What is one benefit of a limited liability company over a corporation?
- The limited liability protection that the name suggests is an LLC's main advantage.
- An owner's personal assets may be protected from business debts and lawsuits asserted against the company if they operate through an LLC.
Learn more about limited liability company
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Answer:
C. organizational culture
Explanation:
Organizational culture refers to the values, philosophy, and aspirations of an organization that guides the behavior of its members. Culture is expressed through the members' internal interactions and communications with the outside world. Organizational culture is based on beliefs, shared attitudes, customs, written and unwritten rules in the company that has been developed over time.
Organizational culture manifests itself in diverse ways, including communication methods, internally distributed messages, leadership behaviors, and corporate celebrations. In other words, organizational culture is the way of doing things in an organization.
Answer:
1)
cost of making (14000*22) = 308000
cost of buying (14000*(18+6)) = 336000
Difference cost = 28000
2)
No, Since, there is not other use of fixed cost, therefore, fixed cost will be a part of cost of buying.
3-a)
cost of making (14000*22) = 308000
cost of buying (14000*18) = 252000
3-b)
Yes, Since, there is other use of fixed cost, therefore, fixed cost will not be a part of cost of buying.
