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2 years ago

Why is good judgement important in making decisions when budgeting

Business

2 answers:

kozerog [31]2 years ago

6 0

So you do not over spend a and your budgeting is reasonable

labwork [276]2 years ago

4 0

Good judgement is important in making decisions when budgeting because they can allow one to predict fairly accurately what the costs will be of a particular project based on one's own experience and of the current prices of supplies and say drilling charge rates and also with an adequate allowance for contingency.

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In Marubeni America Corp. v. United States, the federal appellate court ruled that the Nissan Pathfinder was, for tariff classif

Hitman42 [59]

Answer: the tariffs will vary depending on the classification.

Explanation:

Tariff is a form of tax that is usually imposed on the imports that are brought from other countries to a particular country.

With regards to information provided in the question, the classification of goods is significant because the tariffs will vary depending on the classification.

6 0

2 years ago

Wilder Company manufactures two models of its banjo, the Basic and the Luxury. The Basic model requires 10,000 direct labor hour

OLEGan [10]

Answer:

The inspecting costs should be allocated to the Basic model using ABC costing is $30,600

Explanation:

The computation of the inspecting cost is shown below:

= Total number of basic model inspection + the total number of inspection

where,

Total number of basic model inspection equals to

= Number of units produced ÷ every units produced

= 3,400 units ÷ 100

= $34

And, the total number of inspection equals to

= Total inspection cost ÷ number of inspection

= $84,600 ÷ $94

= 900

The number of inspection includes

= total number of basic model inspection + the total number of luxury model inspection

= $34 + $60 (600 units ÷ 10)

Now put these values to the above formula

So, the value would equal to

= 900 × $34

= $30,600

7 0

3 years ago

Ramiro has been a forklift driver for the local grocery store for six years. He earns $32,000 a year. He works with a nice crew.

laiz [17]

Answer:

social context

Explanation:

Social context -

It refers to the physical environment in which the people live , is referred to as the social context .

It is also known as the sociocultural context or social environment .

Social context consists of all the living as well as non living things , the people living in the society have certain impacts from the outside environment , which can be good as well as bad .

In the given scenario of the question ,

Ramiro has very positive impact from the social context , and hence he is very satisfied and happy with his job .

5 0

3 years ago

Stephanie owns land (adjusted basis of $90,000; fair ma阳value of $125,000) 』－ that she uses in her business. She exchanges it fo

melisa1 [442]

Answer: A. $25,000 B. $90,000 C. $25,000

Explanation:

Land $100,000

Stock 25,000

Amount realized 125,000

Less: Adjusted basis (90000)

Recognized gain $35,000

When you receive book in an exchange which is similar or like kind, then the recognized gain is the lesser of either the boot or recognized gain. Here the lesser is the boot received which is $25,000. Therefore, recognized gain is $25,000

Because the recognized gain is taken as $25,000 rather than $35,000. The $10,000 amount is considered as postponed gain. Hence,

$100,000 (land worth) - $10,000 (postponed gain) = $90,000 - basis of new land.

The worth of the stock is the basis in the stock received. Which is $25,000

7 0

3 years ago

Oriole Realty Corporation purchased a tract of unimproved land for $132,000. This land was improved and subdivided into building

finlep [7]

Answer:

Net income 29503

Explanation:

First we need to allocate the land and improvement cost over the lots, we are going to do so based on the revenue:

groups NºLot $ per Lot Revenue Cost per Group Per lot

A 9 7200 64,800 44,937.4648 4,993.0516

B 15 9600 144,000 99,861.0329 6657.4022

C 17 5760 97,920 67,905.5023 3,994.4413

Total Revenue 306720

We divide the group revenue over the total revenue and multiply by the land

and land improvements

Then we take the allocation per group and divde over the total number of lot

We do the same with the allocate expenses:

groups NºLot $ per Lot Revenue Cost per Group Per lot

A 9 7200 64800 9228.169 1025.3521

B 15 9600 144000 20507.0423 1367.1362

C 17 5760 97920 13944.7887 820.2817

Total revenue 306720

Next we solve for the sol lots:

A 9 lots less 5 unsold = 4

B 15 lots less 7 unsold = 8

C 17 lots less 2 unsold = 15

And we proceeds to do the income statement

Revenue sold x market price

Group A 4 28800

Group B 8 76800

Group C 15 86400

192000

Cost lot sold x (allocate operating + allocate land and improvements)

group A 24073.6148

group B 48147.2296

group C 90276.0555

Total expenses 162496.8999

Net income 29503

3 0

3 years ago