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3 years ago

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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sp2606 [1]

Answer:

Hi!! I hope you are great. Thanks for the pts...

8 0

3 years ago

Billy Bob runs a seafood restaurant. Last year, he earned $70000 in revenue. He had explicit costs of $15000. Billy Bob could ha

olganol [36]

Answer:

Accounting profit= $55,000

Explanation:

Giving the following information:

Last year, he earned $70000 in revenue. He had explicit costs of $15000.

<u>The accounting profit doesn't take into account the opportunity cost of other income options.</u>

Accounting profit= 70,000 - 15,000= $55,000

6 0

3 years ago

Account analysis, high-low. Luwak Coffees wants to find an equation to estimate monthly utility costs. Luwak has been in busines

Inessa [10]

Question Completion:

See attached.

Answer:

Luwak Coffees

1. Water bill is fixed. Electricity bill is variable. Telephone bill is mixed.

2. High-Low method:

Water bill = $120 + 0q

Electricity bill = $0.3q

Telephone bill = $140 + $0.02q

where q = the quantity of each cost consumed.

3. Water bill = $120 + 0q

Electricity bill = $0.3q

Telephone bill = $140 + $0.02q

= $260 + $0.32q

4. No solution. There is no relationship with machine hours, employees, and units with utility bills.

Explanation:

a) Data and Calculations:

Month Electricity Bill Kilowatt Hours Used

January $ 720 2,400

February $ 840 2,800

March $1,098 3,660

April $ 810 2,700

May $1,176 3,920

June $1,248 4,160

July $1,044 3,480

August $1,194 3,980

September $1,260 4,200

October $1,230 4,100

November $1,188 3,960

December $1,266 4,220

Telephone Bill $184.

Low cost = Jan $ 720 2,400

High cost = December $1,266 4,220

Low cost = Jan $ 720 2,400

Difference = $546 1,820

Variable cost per unit = $546/1,820 = $0.3 per kwh

Fixed cost, using December's figures:

Variable cost = $1,266

Fixed cost = $0 ($1,266 - 4,220 * $0.3)

Telephone bill:

High, June $197.60 2,880

Low, April 178.20 1,960

Difference $18.40 920

Variable cost = $18.40/920 = $0.02

Fixed cost = Total cost - Variable cost

= $197.60 - (2,880 * $0.02)

= $140

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4 0

3 years ago

oselli Animation plans to offer its employees a salary enhancement package that has revenue sharing as its main component. Speci

tatyana61 [14]

Answer:

Answer for the question:

oselli Animation plans to offer its employees a salary enhancement package that has revenue sharing as its main component. Specifically, the company will set aside 2% of total sales revenue for year-end bonuses. The sales are expected to be $5 million the first year, $5.5 million the second year, and amounts increasing by 10% each year for the next 5 years. At an interest rate of 6% per year, what is the equivalent annual worth in years 1 through 5 of the bonus package?

is given in the attachment.

Explanation:

4 0

3 years ago

Read 2 more answers

When Bad Frog Brewery, Inc., placed a label on its product showing a frog with unwebbed fingers with its middle finger extended,

Nutka1998 [239]

Answer:

The appellate court ruled in favor of Bad Frog (lower court had ruled in favor of the New York State Liquor Authority) arguing that the label did not portray or concern an unlawful activity, and the state's authority couldn't prove it was protecting children from vulgar images.

The initial problem related to the repeated denial of the New York State Liquor Authority to approve Bad Frog's label even after the company had changed the label to make it less obscene. Bad Frog sued the New York State Liquor Authority and the District Court ruled against them. Then Bad Frog appealed and won.

6 0

3 years ago