Answer:
The order in which the following budgets are generally prepared are as arranged below:
1. Sales budget
2. Production budget
3. Material purchases budget
4. Budgeted income statement
In an attempt to expatiate the decision above. We must observe that income statement starts with revenue. Similarly here, the budget will starts with sales. The revenue section is followed by production budget which from which various budgets like material, direct labor and overhead budget are prepared from. After the Production budget, follow the Material purchase budget, then Budgeted Income Statement
Answer:
The correct option is C
Explanation:
When the person who co- sign for a credit card of a friend, then the person will be in a danger of lowering its own credit score if the person's friend fails to pay for the payment.
Credit score is a expression in terms of numerics grounded on the level analysis of the credit files of the person and also represent the credit worthiness of the person. It is used by lenders for determining who qualifies for the loan and for credit limits.
Answer:
$23,000
Explanation:
current annual sales = 49,000 packs
Selling price of course packs = $14 each
variable cost per pack = $12
Earnings = $75,000
Contribution:
= current annual sales × (Selling price of course packs - variable cost per pack)
= 49,000 packs × ($14 - $12)
= 49,000 packs × $2
= $98,000
Fixed costs of producing the course packs:
= Contribution - Earnings
= $98,000 - $75,000
= $23,000
In order to be considered as a legal owner of a public company, a person or an organization must hold or own at least one stock of such public company.
<h3>What is the significance of a legal owner?</h3>
A legal owner can be referred to or considered as a person who is the owner of a property, whether movable or immovable, in the eyes of the laws. A legal owner is better than any other owner for having the right to own, possess, and sell such property.
In case of a public company, a legal owner will be someone who owns the stock of such company, irrespective of the quantity of stocks held by such owner.
Therefore, the significance regarding a legal owner has been aforementioned.
Learn more about a legal owner here:
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Answer:
3.14 years
Explanation:
Year Cash flow Accumulated cash flows
0 -$4,900 -$4,900
1 $1,150 -$3,750
2 $1,350 -$2,400
3 $2,230 -$170
4 $1,250 $1,080
3 years + $170/$1,250 = 3.14
The payback period is 3.14 years, or 3 years, 1 month and 19 days.
