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3 years ago

Four steps to preparing a sales forecast

1 answer:

7 0

Step 1: Define the Terms
Step 2: Clarify and Communicate Your Sales Stages.
Step 3: Make Sure CRM is THE Only Source for the Forecast.
and
Step 4: Go Beyond Pipeline and Bookings.

hope this helped :)
alisa202

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According to the definitions of national saving and private saving, if Y, C, and G remained the same, an increase in taxes would

Viefleur [7K]

Question options :

a. raise both private and public saving.b. raise private saving and lower public saving.c. lower private saving and raise public saving.d. lower private and public saving.

Answer:

c. lower private saving and raise public saving.

Explanation:

National saving is total of private and public saving minus the country's consumption and government expenditure.

Private saving is income from households minus consumption and taxes.

Formula for public saving is T − G − TR which is government budget surplus through revenue from tax. This is revenue from tax minus government expenditure and transfers.

3 0

3 years ago

Suppose that the current wage rate is $40 per hour, the rental rate of land is $10,000 per acre, and the rental rate of capital

MakcuM [25]

Answer:

The firm is not maximizing profit.

Explanation:

Under the profit maximization theory for two or more inputs, a firm or producer maximizes his profit at a point where the ratios of the marginal producer to cost per unit of each input are equal to one another. This implies that profit is maximized when profit per dollar of all goods are equal. Therefore, profit is not being maximized by the firm is this condition does not hold.

Based on the this question, profit is being maximized by the firm if we have the following:

MPL/W = MPLA/RL = MPC/RC ……………………………. (1)

Where;

MPL = Marginal product of labour = $800

W = Wage rate = $40

MPLA = Marginal product of an acre of land = $150,000

RL = Rental rate of land = $10,000

MPC = Marginal product of capital = $40,000

RC = Rental rate of capital = $1.000

Substituting the values into equation (1), we have:

$800 / 40 $\neq$ $150,000 / $10,000 $\neq$ $40,000 / $1,000

$20 \neq 15\neq 40$

Since $20\neq 15\neq 40$ , this implies that the firm is not maximizing profit.

To maximize profit, the firm will have to adjust its number of inputs use until MPL/W = MPLA/RL = MPC/RC.

6 0

4 years ago

In a lump-sum purchase of assets, the cost must be allocated to the individual assets because:______

vlada-n [284]

In a lump-sum purchase of assets, the cost must be allocated to the individual assets because every individual asset has a different useful life and different depreciation rate. Depreciation is the methodical distribution of an asset's depreciable value over the course of its useful life.

The cost of an asset, or another quantity substituted for cost, less its residual value, is its depreciable amount. Depreciation can take many different forms, including the accelerated and the straight-line depreciation.

An accountant records depreciation for all the capitalized assets that have not yet been fully depreciated at the conclusion of an accounting period.

To learn more about depreciation, click here

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4 0

2 years ago

Mango Company applies overhead based on direct labor costs. For the current year, Mango Company estimated total overhead costs t

Masteriza [31]

Answer:

55,000 Credit balance

Explanation:

Mango Company

Predetermined overhead rate /Estimated overhead cost

= $600,000 / $300,000

Estimated direct labor cost = 200%

Applied overhead :

=Actual direct labor cost of $335,000 × 200%

= $670,000

Overhead incurred-Overhead applied

$615000 – $670,000

=$55,000

Therefore At year-end, the balance in the Factory Overhead account is a: credit of $55,000

8 0

3 years ago

Read 2 more answers

The Murdock Corporation reported the following balance sheet data for 2021 and 2020:

sveticcg [70]

Answer:

The Murdock Corporation

Statement of Cash Flows

For the year ended December 31, 2016

Operating Activities:

Net income $68,000

Less:

Gain from sale of available-for-sale 6,300

Gain from sale of equipment 1,900

Operating cash $59,800

Working capital changes:

Accounts receivable -13,550

Inventory -21,800

Prepaid insurance 680

Accounts payable -$74,130

Salaries payable -6,300

Notes payable (current) -51,800

Net operating cash flows ($107,100)

Investing Activities:

Sale of Available-for-sale securities $84,800

Sale of Equipment 8,700

Purchase of new equipment -163,000

Net investing cash flows ($69,500)

Financing Activities:

Issue of 6% bonds payable $218,000

Payment of cash dividends -29,000

Net financing cash flows $189,000

Net cash flows $12,400

Explanation:

a) Data and Calculations:

2021 2020 Change

Cash $97,355 $33,755 +$63,600

Available-for-sale debt securities

(not cash equivalents) 24,500 103,000 -78,500

Accounts receivable 98,000 84,450 +13,550

Inventory 183,000 161,200 +21,800

Prepaid insurance 3,120 3,800 -680

Land, buildings, and equipment 1,286,000 1,143,000 +143,000

Accumulated depreciation (628,000) (590,000)

Total assets $1,063,975 $939,205

Accounts payable $92,540 $166,670 -$74,130

Salaries payable 27,200 33,500 -6,300

Notes payable (current) 41,200 93,000 -51,800

Bonds payable 218,000 0 +218,000

Common stock 300,000 300,000 0

Retained earnings 385,035 346,035

Total liabilities and

shareholders' equity $1,063,975 $939,205

Additional Data:

1. Sale of Available-for-sale securities $84,800

Gain from sale of available-for-sale $6,300

2. Sale of Equipment $8,700

Gain from sale of equipment $1,900

3. Issue of 6% bonds payable $218,000

4. Purchase of new equipment $163,000

5. Payment of cash dividends $29,000

6. Net income $68,000

5 0

3 years ago