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2 years ago

a group of detailed budgets and schedules representing the operating and financial plans for the future is called a(n)

1 answer:

5 0

A group of detailed budgets and schedules representing the operating and financial plans for the future is called a(n) master budget.

<h3>Which budget is sometimes referred to as the master schedule budget?</h3>

The planning budget and static budget are other names for the master budget. Because it establishes the cost per unit and the anticipated volume of production and sales, it is known as the static budget.

The operating budget and the finance budget are the two main subcategories of the master budget. The projected balance sheet is the result of the financial budget's planning for the utilization of assets and liabilities. The operating budget produces a forecasted income statement and aids in planning future revenue and expenses.

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3 years ago

Two hundred people were asked if they had read a book in the last month. The accompanying contingency table, cross-classified by

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Question Continuation

The probability that a respondent read a book in the last month and is at least 30 years old is the closest to

A. 0.33

B. 0.88

C. 0.46

D. 0.12

See Attachment for complete question

Answer:

A. 0.33

Explanation:

To solve this question, we need the intersecting cell of Yes and 30+

$n(Yes\ n\ 30+) = 65$

The probability is then calculated as follows:

$P(Yes\ n\ 30+) = \frac{n(Yes\ n\ 30+)}{Total}$

Where Total = 200

$P(Yes\ n\ 30+) = \frac{65}{200}$

$P(Yes\ n\ 30+) = 0.325$

From the list of given options; (A) is the closest to 0.325

Hence:

Option A answers the question

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4 years ago

John would like to move from the city into the suburbs and has been saving up a large down payment for a home. Which is the most

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3 years ago

Read 2 more answers

Assume anderson general store bought, on credit, a truckload of merchandise from american wholesaling costing 23400. if anderson

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Answer:

Explanation:

Cost of inventory = Purchase cost + Transportation cost - Purchase return - Purchase discount

Purchase cost = 23,400

Transportation cost = 690

Purcahse return = 1300

Purchase discount = (23400 - 1300)*3% = 663

Cost of inventory = 23,400 +690-1300-663 = 22,127

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3 years ago

company purchased 200 units for $40 each on January 31. It purchased 115 units for $50 each on February 28. It sold 175 units fo

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Answer:

$8150

Explanation:

As the perpetual inventory system used for determining the Cost of Goods Sold is LIFO (lastminus-in, firstminus-out), we should consider that the first goods sold are the ones purchased last. So, from the total of 175 units sold, 115 are the ones purchased later (at a $50 cost) and 60 belong to the units purchased first (at $40 cost).

So to determine the total Cost of Goods Sold is 50*115+60*40= $8150

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3 years ago