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1 year ago

The budgeted income statement does not rely on information from the ______ budget.

Business

1 answer:

Marta_Voda [28]1 year ago

3 0

The budgeted income statement does not rely on information from the production budget.

<h3>What is a budgeted income statement?</h3>

The expected profit, revenue, and expenses for the upcoming year or months are listed in a budgeted income statement, which is a financial report. Its purpose is to assist businesses in future planning, better decision-making, and resource allocation.

All of the line categories seen in a typical income statement are included in the budgeted income statement, but it is an estimate of what the income statement would look like in future budget periods.

The budgeted income statement makes it easier to compare planned and actual income and expense components at the end of the month. It aids in evaluating the efficiency of the company's financial planning procedure.

To learn more about production budget refer to:

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3M Co. reports beginning raw materials inventory of $930 million and ending raw materials inventory of $880 million. 3M purchase

Naddik [55]

Answer:

raw material inventory turnover = 4.42

number of days sale in raw materials inventory = 21.97

Explanation:

given data

beginning inventory = $930 million

ending inventory = $880 million

purchased raw materials = $3,956 million

used raw materials = $4,006 million

solution

we get here first raw material inventory for turnover that is

raw material inventory turnover = $\frac{raw\ material\ used}{average\ raw\ material}$ ..............1

here average raw material inventory = $\frac{930+880}{2}$

average raw material inventory = $905 million

so from equation 1

raw material inventory turnover = $\frac{4006}{905}$

raw material inventory turnover = 4.42

and

now number of days' sales in raw materials inventory will be as

number of days sale in raw materials inventory = $\frac{ending\ raw\ material\ inventory}{raw\ material\ used}$ × 365 .............2

put here value

number of days sale in raw materials inventory = $\frac{880}{4006}$ × 365

number of days sale in raw materials inventory = 21.97

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4 years ago

Joe: "i think the key additional information you need to know in deciding whether the doctor should keep the medical practice

RoseWind [281]

<span>This is what Joe says: "Information is more important than the additional revenue and additional cost of being open 1 more hour."
He is a wise person</span>

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3 years ago

Indicate which barrier to entry appropriately explains why a monopoly exists in each scenario?

SpyIntel [72]

It should be b I hope that help

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3 years ago

Assume that the Quinn Corporation uses the indirect method to depict cash flows. Indicate where, if at all, stock issued for equ

trasher [3.6K]

Answer:

No, it will not be classified on cash flow statement.

Explanation:

In the given case, stocks are issued in exchange of equipment. Assuming no cash is involved even for the balancing amount.

Since, cash flow statement records all transactions involving cash the exchange of stock issued for equipment, is nowhere involving cash thus, it will not be depicted on cash flow statement.

Final Answer

No it will not be classified on cash flow statement.

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3 years ago

The management at Granger Industries is evaluating their distribution system to determine if cost-cutting measures will impact p

tekilochka [14]

Ralph is trying to avoid sub optimization.

<u>Explanation:</u>

Sub optimization is a process which means that making changes to only one component of the whole process. In this process, the other components involved are not paid any attention to and are ignored.

Ralph is also wanting to avoid this and wants to consider the synergies between the elements instead of paying attention to one element. This will help to solve the problem at an effective level and improve the overall performance.

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3 years ago