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3 years ago

When is a budget considered to be balanced??

1 answer:

7 0

<span>A budget is said to be balanced when total revenues are equal to, or greater than total expenditures; i.e when there's no budget deficit. Budget deficit, by contrast, is the result of expenses toppling revenues. Revenue is the income a business, company, or government generates from its normal or tax activities, also referred to as a turnover; while expenditures is cost incurred or required for something, say a project. When the budget has nothing to offset, or when there's a budget surplus i.e when revenues exceed expenses, then the budget is said to be balanced.</span>

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For the just completed year, Hanna Company had net income of $41,500. Balances in the companys current asset and current liabili

mylen [45]

Answer:

$37,500

Explanation:

The computation of the net cash provided or used by operating activities are as follows

Cash flow from operating activities

Net income $41,500

Add: depreciation expenses $48,000

Add: Decrease in account receivable ($162,000 - $188,000) $26,000

Less: Increase in inventory ($442,000 - $370,000) -$72,000

Add: Decrease in prepaid expenses ($11,500 - $14,000) $2,500

Less: Decrease in account payable ($370,000 - $384,000) -$14,000

Less: Decrease in accrued liabilities ($8,500 - $12,000) -$3,500

Add: Increase in income tax payable ($36,000 - $27,000) $9,000

Cash flow provided by operating activities $37,500

The negative sign indicates the cash outflow and the positive sign indicated the cash inflow

3 0

3 years ago

Aliyah purchased Verizon Communications stock in April 2015 for $48.90 per share. She sold the stock one-year later for $54.01 p

soldier1979 [14.2K]

Answer:

Capital Gains Yield = 10.45%

Explanation:

The capitals gain yield represents the percentage appreciation or increase in the value of an investment. It is simply calculated by calculating the increase in the value of an investment or stock/bond and divide it by its initial cost.

The formula for CG Yield is,

CG Yield = (P1 - P0) / P0

Where,

P1 is current price

P0 is initial price paid

Thus CG Yield = (54.01 - 48.9) / 48.9 = 0.10449 pr 10.449%

5 0

3 years ago

What are the three types of economic resources? Give an example of each type of resource.

fiasKO [112]

"The three types of economic resources are also referred to as factors of production. Land (including all natural resources), Labor (including all human resources), Capital (including all man-made resources), and when you combine all of those you get production. "

8 0

3 years ago

Read 2 more answers

Roberto Baldwin As the owner and manager of Fantastic Toys, Roberto Baldwin is fascinated by all the changes occurring and trans

Ludmilka [50]

Answer:

A) increases its connectivity with people and organizations in other parts of the world.

Explanation:

deep-level diversity which can be regarded as task-related diversity is

less observable as well as deeper-leveled attributes which could be

attitudes, functional expertise and personality. In the case above, If Roberto wants to study deep-level diversity in his organization, he should increases its connectivity with people and organizations in other parts of the world.

7 0

2 years ago

Classifying Costs as Materials, Labor, or Factory Overhead Indicate whether the following costs of Procter & Gamble, a maker

AfilCa [17]

Answer:

a. factory overhead cost

b. factory overhead cost

c. factory overhead cost

d. direct labor cost

e. direct materials cost

f. direct labor cost

g. factory overhead cost

h. direct materials cost

i. direct materials cost

j. factory overhead cost

Explanation:

Direct Material Costs and Direct Labor Costs are easily traceable to the cost object whilst its difficult to trace Factory Overhead Costs to the cost object.

8 0

3 years ago