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Levart [38]
3 years ago
5

LO 7.3What is the process for developing a budgeted balance sheet?

Business
1 answer:
nasty-shy [4]3 years ago
5 0

Answer and explanation:

The budgeted balance sheet is an accounting report stating the current period's initial balance for each account according to the results of the previous period. After that, managers consider the investment and expenditure plans for the current period to schedule the company inflows and outflows. Finally, government policies are taken into consideration to find out how they can affect the company's projection in the short and long run.

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You and nine of your wealthy friends decide to purchase a local minor league baseball team. The purchase price is $15 million, 6
worty [1.4K]

Answer:

Limited liability company

Explanation:

A limited liability company is a company where the liabilities of partners is limited to the amount invested in the company. A limited liability company has features of both a partnership and a sole proprietorship

The partnership is made up of a general partner and the limited partners. the general partner is involved in the daily running of the business. The limited partners are not involved in the daily running of the business. They just contribute capital.

In this question, the person involved in the running of the business is the general partner while the other 9 friends are the limited partners.

4 0
3 years ago
On March 1, Pimlico Corporation (a U.S.-based company) expects to order merchandise from a supplier in Sweden in three months. O
luda_lava [24]

Answer and Explanation:

The computation is shown below:

a. As a premium expense

= ($0.460 - $0.44) × 695,000

= $13,900

b. As a difference of 3 months spot rate and spot rate

= ($0.455 - $0.44) × 695,000

= $10,425

The first one represents the premium expense for $13,900 and the second part represents the adjustment to the net income in a positive way

7 0
2 years ago
Why does the quantity a supplier is willing to give go up when the price goes up
aleksandrvk [35]
Because of supply and demand. More demand for a product makes the price go and and the supplier gives more because they get more
8 0
2 years ago
Read 2 more answers
Beach Surf Boards is making a decision on whether to add long boards as a new product line to complement its short boards. A rec
Verizon [17]

Answer:

profit increase by 750 dollars

Explanation:

We must base our analisys considering only the loan board associated cost:

<em><u>contribution per long board:</u></em>

300 sales price - 225 variable cost = $75

total contribution for 250 units:

250x$75 = 18,750

<em><u>increase in fixed cost:</u></em>

69,000 - 51,000 = 18,000

incremental operating profit:

18,750 contribution - 18,000 fixed cost = 750

4 0
3 years ago
What environmental influences can affect school? How does a school address issues of sustainability?
NeX [460]
You can start by defining sustainability. "<span>In the broadest sense, this refers to our interdependence on the natural environment and the need to lead healthy, productive lives today and in the future. In this way, there will always be water and other resources needed." Then go on to explain different things the school does to help the environment. Then you can explain which environmental influences help or hurt the school.</span>
7 0
2 years ago
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