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jarptica [38.1K]
3 years ago
14

Ellen is a manager who helps develop sales promotions, targets customers for upselling, and searches for potential new customers

. Which of the following budgets would Ellen most likely help develop? A : cash budget B : sales budget C : manufacturing overhead budget D : selling and administrative expense budget
Business
1 answer:
Vinvika [58]3 years ago
4 0

Answer:

Letter B is correct. <u><em>Sales budget.</em></u>

Explanation:

The sales budget is characterized by a company's sales expectations for a given budget period.

Organizations typically present the sales budget in monthly or quarterly format, with relevant information coming from a variety of sources. The calculation is made according to the number of units sold in the first line, the expected average price in the second line and the total sales in the third line. It is important to remember that when there are marketing promotions there may be a unit price adjustment that must be specified in the sales budget.

So a well-crafted sales budget ensures the quality of offering the right price on the right product and quantity at the right time and place. For this is one of the essential steps for control and success of an organization, as it relates to the marketability of purchasing consumer goods and services.

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On April 10, Caryâs Carpet Cleaning, Inc. borrows $15,000 from a bank, depositing those funds in its bank account and signing a
Gnom [1K]

Answer:

Cash A/c Dr $15,000

  To Notes payable A/c $15,000

(Being the bank borrowing through a note payable is recorded)

Explanation:

The journal entry is shown below:

Cash A/c Dr $15,000

  To Notes payable A/c $15,000

(Being the bank borrowing through a note payable is recorded)

This transaction increases the cash balance so the cash account should be debited and the note payable account should be credited as it creates a liability which is to be reflected in the balance sheet

6 0
3 years ago
In Opulencia, the marginal propensity to save is only 0.10. In an effort to promote the virtues of saving, the government starts
77julia77 [94]

Answer:

A greater saving will reduce the impact of the multiplier.

Explanation:

A multiplier generally refers to the factor that amplifies or increase the initial change of something else.

In economics, multiplier refers how change in spending or saving results into a larger change in local output and income.

Since addition of marginal propensity to consume (MPC) and marginal propensity to save (MPS) is equal to 1, the formula for calculating a multiplier can be stated as:

Multiplier = 1/(1 - MPC) or 1/MPS

From the question therefore, when MPS = 0.10, we have:

Multiplier = 1/0.10 = 10

When MPS is increases to 0.20, we have:

Multiplier = 1/0.20 = 5

Since 5 is less than 10, a greater saving will therefore reduce the impact of the multiplier.

4 0
2 years ago
Discovered
vesna_86 [32]
Um I think it’s number 4.
7 0
3 years ago
MCO Leather manufactures leather purses. Each purse requires 3 pounds of direct materials at a cost of $4 per pound and 0.7 dire
sdas [7]

Answer:

Results are below.

Explanation:

Giving the following information:

Direct material:

Each purse requires 3 pounds of direct materials for $4 per pound.

The company’s policy is to end each month with direct materials inventory equal to 40% of the next month’s materials requirement.

At the end of August the company had 3,480 pounds of direct materials in inventory.

Direct labor:

0.7 direct labor hours at a rate of $17 per hour.

Overhead:

Variable manufacturing overhead is charged at a rate of $3 per direct labor hour.

Fixed manufacturing overhead is $13,000 per month. T

Production Budget:

September= 5,300 units

October= 6,900 units

November= 6,300 units

<u>1) Direct material budget:</u>

September (in pounds):

Production= 5,300*3= 15,900

Desired ending inventory= (6,900*3)*0.4= 8,280

Beginning inventory= (3,480)

Total pounds= 20,700

Total cost= 20,700*4= $82,800

October (in pounds):

Production= 6,900*3= 20,700

Desired ending inventory= (6,300*3)*0.4= 7,560

Beginning inventory= (8,280)

Total pounds= 19,980

Total cost= 19,980*4= $79,920

<u>2) Direct labor:</u>

September:

Total direct labor hours= 0.7*5,300= 3,710

Total cost= 3,710*17= $63,070

October:

Total direct labor hours= 0.7*6,900= 4,830

Total cost= 4,830*17= $82,110

<u>3) Manufacturing overhead:</u>

September:

Variable overhead= $3*3,710= $11,130

Fixed overhead= 13,000

Total overhead= $24,130

October:

Variable overhead= $3*4,830= $14,490

Fixed overhead= 13,000

Total overhead= $27,490

8 0
3 years ago
The capital accounts of Hawk and Martin have balances of $160,000 and $140,000, respectively, on January 1, the beginning of the
kakasveta [241]

Answer:

$213,000

Explanation:

We will figure out first Hawk's share of profit to reach the capital account is shown below:-

Hawk's share of profit = $258,000 ÷ 2

= $129,000

Capital account of Hawk as on December 31 = Opening Balance + Capital Introduced + Profit Share - Drawings

= $160,000 + $10,000 + $129,000 - $86,000

= $213,000

So, we have got the answer after solve the below formula.

3 0
3 years ago
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