Answer:
D. Flexible budgeting is the correct answer.
Explanation:
Flexible budgeting is the budget plan that changes as per the company's requirement.
The advantages Flexible budgeting are:
- It assists the management of the organization to decide about the business situation and production level.
- It helps to know the amount of product to be required for the growth of the organization and to achieve the profit level.
Answer:
decreases the money supply by decreasing excess reserves and decreasing the monetary multiplier
Explanation:
If there is increased in the reserve requirement so there is also increase the credit cost but it would lead to a decrease in money supply through the decrease in excess reserves that result into reduction in money multiplier also there is the reduction of loan activity
Therefore the third option is correct
Answer: c. Kidman recognizes a $1,000 LTCG
Explanation:
Long term gain can be calculated by the formula:
Capital gain = Distribution received - Basis in stock - Ordinary income earned
= 75,000 - 24,000 - 50,000
= $1,000
Long Term Capital gain is therefore $1,000.
Answer:
80,000
Explanation:
Cost data of the month of May was taken from Terrence manufacturing company
The manufacturing cost incurred during the month can be calculated as follows
= wages of production workers + raw materials + materials handling + factory rent + factory insurance + depreciation of factory equipment
= 28,000 + 47,000 + 1,500 + 2,000 + 500 + 1,000
= 80,000
Hence the manufacturing cost incurred during the month is 80,000
