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3 years ago

In your budgeting process, when should you look at

Business

2 answers:

Artemon [7]3 years ago

7 0

Answer:

In Budgeting you should look at Recurring expenses

Explanation:

Recurring expenses are expenses that occur regularly at a specific time interval like hourly,daily,weekly,monthly or even yearly. such expenses are mostly required to sustain a business or to sustain an individual.

Budget might be individual,corporate or joint .what ever type of budget it might be the recurring expenses are the bedrock of your budgeting because after allocating resources for them( reoccurring expenses) it gives you a clear view of weather your Revenue will be sufficient to sustain you within the given time of budget examples of such reoccurring expenses include : rent, Electricity,Insurance, salaries and travel expenses.

every other option listed are not to be considered while creating a standard budget

saw5 [17]3 years ago

3 0

Answer:

i'm assuming recurring expenses are necessities so those would always come first, things you need on top of your regular expenses would come next and any wants you have would come last. "entertainment expenses" would be lumped in with your "wants"

Explanation:

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Jack Taylor started Enterprise Leasing on the premise that if he treated his customers and employees well, profits would follow.

k0ka [10]

Answer:

The correct answer is C) Extrinsic reward

Explanation:

Extrinsic reward is reward that an employer gives to an employee in compensation for the achievement of something. In this case, what is achieved is very vague ("good work") but in a real firm, it could be something more specific. For example, a sales manager could reward his top selling employees with a monthly salary bonus.

6 0

3 years ago

In support of its effort to make the world a better place, Secret has introduced a number of new products including Secret Clini

Feliz [49]

Answer:

d) multiproduct branding

Explanation:

multi-product branding, involves releasing multiple products with the same brand name. This strategy can be simple to use.

4 0

3 years ago

The following transactions apply to Jova Company for Year 1, the first year of operation:

aleksandr82 [10.1K]

Answer:

Year 1:

a. Issued $17,000 of common stock for cash. ⇒ ASSET SOURCE

Dr Cash 17,000

Cr Common stock 17,000

b. Recognized $63,000 of service revenue earned on account. ⇒ ASSET SOURCE

Dr Accounts receivable 63,000

Cr Service revenue 63,000

c. Collected $56,400 from accounts receivable. ⇒ ASSET EXCHANGE

Dr Cash 56,400

Cr Accounts receivable 56,400

d. Paid operating expenses of $36,600. ⇒ ASSET USE

Dr Operating expense 36,600

Cr Cash 36,600

e. Adjusted accounts to recognize uncollectible accounts expense. Jova uses the allowance method of accounting for uncollectible accounts and estimates that uncollectible accounts expense will be 2 percent of sales on account. ⇒ ASSET USE

Dr Bad debt expense 132

Cr Allowance for doubtful accounts 132

Year 2:

a. Recognized $70,500 of service revenue on account. ⇒ ASSET SOURCE

Dr Accounts receivable 70,500

Cr Service revenue 70,500

b. Collected $64,400 from accounts receivable. ⇒ ASSET EXCHANGE

Dr Cash 64,400

Cr Accounts receivable 64,400

c. Determined that $860 of the accounts receivable were uncollectible and wrote them off. ⇒ ASSET EXCHANGE

Dr Bad debt expense 860

Cr Accounts receivable 860

d. Collected $300 of an account that had previously been written off. ⇒ ASSET EXCHANGE

Dr Accounts receivable 300

Cr Bad debt expense 300

Dr Cash 300

Cr Accounts receivable 300

e. Paid $48,100 cash for operating expenses. ⇒ ASSET USE

Dr Operating expense 48,100

Cr Cash 48,100

f. Adjusted the accounts to recognize uncollectible accounts expense for Year 2. Jova estimates uncollectible accounts expense will be 1 percent of sales on account. ⇒ ASSET USE

Dr Bad debt expense 117

Cr Allowance for doubtful accounts 117

trial balance year 1

Dr Cash 36,800

Dr Accounts receivable 6,468

Cr Common stock 17,000

Cr Service revenue 63,000

Dr Operating expense 36,600

Dr Bad debt expense 132

Income Statement

Year 1

Service revenue $63,000

Expenses:

Operating expense $36,600
Bad debt expense $132 ($36,732)

Net income $26,268

Balance Sheet

Year 1

Assets:

Cash $36,800

Accounts receivable $6,468

Total Assets $43,268

Equity:

Cr Common stock 17,000

Retained earnings $26,268

Total equity $43,268

Statement of changes in stockholders' equity

Year 1

Beginning balance $0

Common stock issued $17,000

Net income $26,268

Ending balance $43,268

trial balance year 2

Dr Cash 16,600

Dr Accounts receivable 5,123

Cr Service revenue 70,500

Dr Operating expense 48,100

Dr Bad debt expense 677

Income Statement

Year 2

Service revenue $70,500

Expenses:

Operating expense $48,100
Bad debt expense $677 ($48,777)

Net income $21,723

Statement of changes in stockholders' equity

Beginning balance:

Common stock issued $17,000

Retained earnings $26,268

Net income $21,723

Ending balance $64,991

Balance Sheet

Year 2

Assets:

Cash $53,400

Accounts receivable $11,591

Total Assets $64,991

Equity:

Cr Common stock 17,000

Retained earnings $47,991

Total equity $64,991

Statement of cash flows

Year 2

Net income $21,723

Adjustments to net income:

Increase in accounts receivable ($5,123)

Net cash from operating activities $16,600

Net cash increase $16,600

Beginning cash balance $36,800

Ending cash balance $53,400

3 0

3 years ago

Supporters of rent control say that it _____ the price of renting an apartment.

antoniya [11.8K]

A: raises

B: lowers

c: does not change

I would put B as the answer because the government helps control the price so everyone can rent an apartment.

3 0

3 years ago

Indirect labor and indirect materials are classified as factory overhead and product costs factory overhead and period costs ope

Dvinal [7]

Answer:

True

Explanation:

Product costs are the costs directly incurred from the manufacturing process. The three basic categories of product costs they are;

1) direct material

2) direct labour

3) manufacturing (factory) overhead.

Manufacturing overhead cost also include the following;

a) indirect labour: Indirect labor is the labor of those who are not directly involved in the production of the products.

b) indirect material: Indirect materials are materials that are used in the production process but that are not directly traceable to the product.

4 0

3 years ago