Answer:
Objective and task.
Explanation:
A budget is a financial plan used for the estimation of revenue and expenditures of an individual, organization or government for a specified period of time, often one year. Budgets are usually compiled, analyzed and re-evaluated on periodic basis. The benefits of having a budget is that it aids in setting goals, earmarking revenues and resources, measuring outcomes and planning against contingencies.
The budgeting method described in the question is called objective and task. It is typically used by various organizations or companies due to the fact that, it's tied directly to the strategy and tactics of a company on an annual basis. Also, it is used to set a budget for marketing efforts while anticipating on informations about the company.
Answer:
The discount will not affect the net income as no gain is recognize nor expense.
the cash flow statemetn will decrease by 3,960 which is the cash used.
the balance sheet after the series of trasnactions, will show inventory for 3,960
Cash would have decrease by 3,960
No change on equity.
Explanation:
inventory 5,000 debit
accounts payable 5,000 credit
account payable 1,000 debit
inventory 1,000 credit
Account payable 4,000 debit
Inventory 40 credit
Cash 3,960 credit
Answer:
(a) $45
(b) 4.45%
(c) 1.41%
Explanation:
a) Dollar return:
= Selling Price - Buying Price + Coupon
= $985 - $1,010 + $70
= $45
b) Rate of return:
= Dollar return ÷ Buy price
= 45 ÷ 1,010
= 4.45%
c) Based on Fisher relation,
(1 + Nominal rate) = (1 + Real rate) × (1 + Inflation)
(1 + 4.45%) = (1 + Real rate) × (1 + 3%)
Therefore,
Real rate = 1.41%
Answer:
$284,200
Explanation:
The computation of cash collections is shown below:-
Cash sales of October = $282,000 × 80%
= $225,600
Credit sales collection
September = ($304,000 × 20%) × 50%
= $30,400
October = $282,000 × 20% × 50%
= $28,200
Total cash collections for the month of October = Cash sales of October + Credit sales collection of September + Credit sales collection of October
= $225,600 + $30,400 + $28,200
= $284,200
Answer: Putting the terms incorporate , estopped and a single to make a meaning it becomes as seen in the explanation below.
Explanation: The question should be fill in the bracket with the terms - incorporate, estopped and single.
So it becomes.
When a business association holds itself out to others as being a corporation when it has made no attempt to INCORPORATE.
The firm normally will be ESTOPPED from denying corporate status. When this occurs, courts will treat the entity as a corporation, but only for the purposes of resolving a SINGLE dispute.
