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bazaltina [42]
3 years ago
15

A detailed plan for the future that is usually expressed in formal quantitative terms is known as a:

Business
1 answer:
Kipish [7]3 years ago
5 0

Answer: (A) Budget

Explanation:

 Budget is one of the type of financial plan that is create according to our requirement and also budget.

A budget is one of the type of document  that is used for describe the detailed plan in the future and it is usually expressed into the quantitative terms.

 The main objective of the budget is to creating a proper plan based on the expenses, revenue, liabilities and the cost in an organization and it also helps in balancing our expenses with the income.    

 Therefore, Budget is the correct answer.

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One appraisal principle of value is based on the concept that the more a property or its components are in harmony with the surr
mario62 [17]

Answer:

Conformity

Explanation:

Conformity is an appraisal principle which states that the accurate value of a property tends to be created and then prolonged in a situation where the various features of the property meets up with the different demands of the market.

The basic principle of conformity describes how a particular property is suitable to be located in its surrounding. This is the main reason why different houses are built in the same pattern as the other houses situated in the area. This therefore increases the value of the property.

7 0
3 years ago
Reporting an Income Statement, Reporting a Statement of Retained Earnings, Reporting a Balance Sheet and Recording Closing Journ
Ber [7]

Answer and Explanation:

The Journal entry is shown below:-

1. Sales Revenue Dr, $42,030

   Rent Revenue $300

        To Salaries and Wages Expense $21,600

        To Depreciation Expense $1,300

       To Utilities Expense $4,220

       To Insurance Expense $1,400

        To Rent Expense $6,000

       To Income Tax Expense $2,900

       To Retained Earnings $4,910

(Being closing of revenues and expenses is recorded)

2. Retained Earnings Dr, $300

         To Dividends $300

(Being closing of dividend is recorded)

4 0
3 years ago
During the first month of​ operations, ​, ​Inc., completed the following​ transactions:
forsale [732]

Answer:

General Ledger

Jul 2

Cash $68,000 (debit)

Common Stock $68,000 (credit)

<em>Cash received in exchange for common stock</em>

Jul 3

Supplies $700 (debit)

Equipment $11,800 (debit)

Accounts Payable $12,500 (credit)

<em>Supplies and Equipment purchased on credit</em>

Jul 4

Cash $5,400 (debit)

Service Revenue $5,400 (credit)

<em>Cash received for service rendered</em>

Jul 7

Land $33,000 (debit)

Cash $33,000 (credit)

<em>Cash paid for acquisition of Land</em>

Jul 11

Accounts Receivable $4.100 (debit)

Service Revenue $4.100 (credit)

<em>Service rendered on credit</em>

Jul 16

Accounts Payable $11,800 (debit)

Cash $11,800 (credit)

<em>Settlement of Account Receivable</em>

Jul 17

Advertising Expense $570 (debit)

Cash $570 (credit)

<em>Cash paid for Advertising</em>

Jul 18

Cash $2,000 (debit)

Account Receivable $2,000 (credit)

<em>Cash received from Account Receivable</em>

Jul 22

Water and Electricity Expenses $400 (debit)

Cash $400 (credit)

<em>Cash paid for utilities</em>

Jul 29

Cash $2.700 (debit)

Service Revenue $2.700 (credit)

<em>Cash received for Services Rendered</em>

Jul 31

Salaries Expenses $2,300 (debit)

Cash $2,300 (credit)

<em>Cash paid for Salaries</em>

Jul 2

Dividends $2,500 (debit)

Cash $2,500 (credit)

<em>Dividends paid in cash</em>

Explanation:

See the Journals and narrations that i have prepared above.

4 0
3 years ago
(problem 13). margo's marginal utility of one dance lesson is 100 utils per lesson. her marginal utility of a new pair of dance
kirill115 [55]

Since Margo purchase her optimal consumption bundle, the marginal utility per dollar consumed on dance lessons must be equivalent to the marginal utility per dollar paid on dance shoes. The marginal utility per dollar spent on dance lessons is 100 utils per lesson, where $50 per lesson is equivalent to 2 utils per dollar. The marginal utility per dollar expended on dance shoes therefore has to equal 2 utils per dollar. Since the marginal utility of a pair of dance shoes cost 300 utils per pair, the value of a pair of shoes should be $150 per pair, so that 300 utils per pair/$150 per pair is equal to: 2 utils per dollar.

6 0
3 years ago
Myrtle Flower Company, sends its management trainees to an assessment center. There, the employees are assigned to small groups
soldi70 [24.7K]

Answer:

leaderless group discussion

Explanation:

Based on the scenario being described it can be said that the type of term for this type of development exercise is a leaderless group discussion or LGD for short. This exercise focuses on placing individuals in a group in order to work together on solving specific problems without help from a trained professional or expert in the matters that they are dealing with.

6 0
3 years ago
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