The expense budget can be said to be the type of budget that Rashad would have to discuss with the company’s accountant
<h3>What is the expense budget?</h3>
This is what is also called the expenditure budget that an organization or a government have, This is the type of budget that shows the revenue and the capital that they have.
It tries to explain in details the various reasons why there may be a difference between the types of expenditure and the variations that may be seen in the estimates of the budget.
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Answer:
charitable contribution deduction = $153000
Explanation:
given data
basis = $136,000
fair market value = $170,000
solution
we get here charitable contribution deduction that is express as
charitable contribution deduction = Basis + 50% of (Fair - basis) .......................1
put here value and we get
charitable contribution deduction = $136,000 + 0.50 ($170,000 - $136,000 )
charitable contribution deduction = $153000
Answer:
Feline Watch Company should budget $15,000 overhead costs.
Explanation:
5 labor hours per unit of watch at $7 per labor hour
Variable Overheads $4 per labor hour
Total Variable overheads for 500 watches
$4 per labor hour * 5 labor hours per watch * 500 watches = $10,000
Fixed Overhead = $5,000
Total Overhead = $15,000
Answer:
$131,000
Explanation:
The computation of the ending balance of stockholder equity is shown below:
= Beginning balance of stockholder equity + net income - dividend paid + additional common stock issued
= $94,000 + $24,000 - $9,000 + $22,000
= $131,000
Therefore, the ending balance of stockholder equity is $131,000
We simply added the net income and the additional common stock issued and deduct the dividend paid to the beginning balance of stockholder equity so that the ending balance could come
Answer:
Price earning ratio= 8 times
Explanation:
Price earning ratio = Price per share /Earnings per share
Price per share = 56, EPS =?
Price per share =56, EPS = Total earnings available to ordinary shareholders/Number of shares
7,000,000/1,000,000= $7 per share
Price earning ratio = 56/7= 8 times
Price earning ratio= 8 times
