Answer:
Master budget: This is a type of budget where all the other budgets are aggregated.
Operating budget: This budget is used to cover operational costs.
Cash budget: As the name implies, it is used mainly for cash estimates.
Financial budget: Used for all financial transactions.
Labor budget: It is used to estimate what the labor cost will be.
Static budget: This type of budget is static and doesn't change.
The appropriate response is C.You might have the capacity to review the material yet you don't really comprehend it. An eidetic picture is a sort of clear mental picture, not really got from a real outside occasion or memory. It was distinguished in the mid twentieth century as a particular wonder by analysts including E.R. Jaensch, Heinrich Klüver, Gordon Allport and Frederic Bartlett.
The US internal revenue service taxes the taxable income of corporations as well as the taxable investment income of the firms’ shareholders' double taxation of dividends.
Revenue is the entire quantity of income generated by means of the sale of products or services related to the organization's number one operations. Revenue, additionally known as gross income, is regularly known as the "top line" as it sits at the pinnacle of the income declaration. Profits, or net earnings, are an agency's general profits or income.
In accounting, revenue is the entire quantity of profits generated by using the sale of goods and services related to the primary operations of the business. commercial sales will also be known as income or as turnover. Some corporations get hold of sales from interest, royalties, or different expenses.
Whilst comparing sales vs income you have to understand that “sales” refers to the total amount of cash a company generates before getting rid of any fees. “income”, then again, is equal to sales minus the fees of doing commercial enterprise, which include depreciation, hobby, taxes, and other expenses.
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Answer:
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Explanation:
Answer:
$57,000
Explanation:
<u><em>Step 1 : Depreciation Rate</em></u>
Depreciation Rate = (Cost - Residual Value) ÷ Estimated Production
therefore,
Depreciation Rate = $14.00 per machine hour
<u><em>Step 2 : Depreciation expenses</em></u>
Depreciation expense = Depreciation Rate x Annual production
therefore
Year 1 = $42,000
Year 2 = $56,000
Year 3 = $70,000
Total = $168,000
<em><u>Step 3 : Book Value</u></em>
Book Value = Cost - Accumulated Depreciation
= $225,000 - $168,000
= $57,000
Conclusion :
book value at the end of year 3 is $57,000
