Answer:
a.budget
Explanation:
The budget refers to the estimation of the revenues earned and expenses incurred so that the company could able to take the decisions according to that.
It also a formal and written statement that shows the management plans for the upcoming future i.e to be expressed in a numerical term or we can say in financial terms
Hence, the correct option is a. budget
Answer:
The correct answer is 4.05%.
Explanation:
According to the scenario, the given data are as follows:
Spot rate = $1.73
Expected spot rate after 1 year = $1.66
So, we can calculate the depreciation percentage by using the following formula:
Expected Depreciation = (Expected spot rate after 1 year - Spot rate) / Spot rate
So, by putting the value
= ($1.66 – $1.73) / $1.73
= - $0.07 / $1.73
= - 4.05%
Hence, the depreciation percentage is 4.05%.
Answer:
Cost of the inventory kept by Zephron Music is $3495
Explanation:
<u><em>Zephron Music purchased inventory for $4,400 and also paid a $260 freight bill</em></u>
Inventory $4660 (debit)
Trade Payable $ 4400 (credit)
Bank $260 (credit)
Recognise an Asset - Inventory and De-recognise asset - Bank
<u><em>Zephron Music returned 25% of the goods to the seller, took a 1% purchase discount</em></u>
Trade Payable $1212
Inventory $1165 (credit)
Discount Received $47 (credit)
Therefore Inventory Balance = $4660-1165 = $3495
Answer:
On the 50th day, the purchase cost will be equal to the lease cost
Explanation:
Given that:
- Daily operating costs of $500
- Purchasing cost for the item: $10,000
- Lease amount: $700
Let x is the number of days the purchase cost be the same as the lease cost. As we now that:
The total cost should be equal to the total lease received
<=> 10,000 + 500x = 700x
<=> 200x = 10000
<=> x = 50
Hence, on the 50th day, the purchase cost will be equal to the lease cost
Answer:
C. Increasing efficiency by allowing for greater specialization
Explanation:
A free economy is one where the forces of demand and supply determine production and consumption. The government or the central authority does not interfere with economic activities in a free economy.
In a free economy, the factors of production are held by the private sector. There is increased business competition as entrepreneurs have the freedom to open a business of their choice. Buyers have the liberty to buy from their preferred suppliers. Businesses are profit-motivated, which forces entrepreneurs to be creative and innovative to win customers and make more sales. They have to specialize and increase their efficiency to be more competitive.
