Answer:
C. No
Explanation:
QSPM analysis: QSPM stand for Quantative Strategic Planning Matrix is a strategic tool to evaluate various strategies to find best alternative. It is the third stage of strategy formulation, which include all the details of previous stages. There is no limit of strategies that can be evaluated or different sets of strategies that can be examined at once using the QSPM. The QSPM weights are identical to the EFE and IFE Matrix.
Answer:
The operating income master budget variance 6687 Unfav
Explanation:
Devin Company
Actual Vs. Budget Performance Report
For the year
Actual Master Master Budget
Performance budget Variance
Sales 150,298 155,842 5544 Unfavorable
Variable Costs 65,548 63,937 1611 Unfav
Fixed Costs 12,007 12,475 468 Fav
Operating Income 72743 79430 6687 Unfav
The operating income master budget variance is unfavorable because actual operating income is less than the budget operating income .
When the actual sales revenue is less than the budgeted revenues the variance is unfavorable.
When the actual costs are more than the budgeted costs the variance is unfavorable, and favorable when the actual costs are less than the budgeted costs.
Answer:
Construction Supplies (Dr.) $4,000
Accounts Payable (Cr.) $4,000
Explanation:
When The Bravo Company purchases construction supplies of $4,000 from The Zulu then Journal entry is required to record this transaction. The transaction will have Construction Supplies or Purchases account debited with $4000 whereas Accounts Payable is credited with $4000 because the supplies are purchased on account.
Answer:
13.4%
Explanation:
Stock price is $18.75
Dividend growth rate is 5%
Dividend is $1.50
Therefore the required return can be calculated as follows
r= (1.5×1+0.05)/18.75)+5/100
= 1.5 × 1.05/18.75 + 0.05
= 1.575/18.75 + 0.05
= 0.084 + 0.05
= 0.134×100
= 13.4%
The question is incomplete as the figures are missing. The complete question is,
Fosnight Enterprises prepared the following sales budget:
Month Budgeted Sales
March $6,000
April $13,000
May $11,000
June $20,000
The expected gross profit rate is 20% and the inventory at the end of February was $7,000. Desired inventory levels at the end of the month are 30% of the next month's cost of goods sold. What are the total purchases budgeted for May?
Answer:
Purchases - May = $10960
Explanation:
To calculate the total value of purchases that are budgeted for May, we first need to calculate the cost of goods sold and the opening and closing inventory for May.
As the gross profit margin is 20%, the cost of goods sold will be 80% of sales.
Cost of goods sold for May = 0.8 * 11000 = $8800
Cost of goods sold for June = 0.8 * 20000 = $16000
Opening inventory - May = 8800 * 0.3 = $2640
Closing Inventory - May = 16000 * 0.3 = $4800
Purchases = Closing Inventory + Cost of Goods Sold for the month - Opening Inventory
Purchases - May = 4800 + 8800 - 2640
Purchases - May = $10960