1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
igor_vitrenko [27]
3 years ago
9

The financial statement effects of the budgeting process are summarized on the cash budget and the capital expenditures budget.

true or false
Business
1 answer:
denis23 [38]3 years ago
8 0

Answer:

true

Explanation:

You might be interested in
When a donor makes a gift in trust, who is considered the done?
BartSMP [9]

Answer:

yeet

Explanation:

5 0
3 years ago
Applying Factory Overhead Bergan Company estimates that total factory overhead costs will be $620,000 for the year. Direct labor
gizmo_the_mogwai [7]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Applying Factory Overhead Bergan Company estimates that total factory overhead costs will be $620,000 for the year. Direct labor hours are estimated to be 80,000.

A) Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 620,000/80,000= $7.75 per direct labor hour

B) Bergan Company accumulated 2,500 hours of direct labor costs on Job 200 and 3,000 hours on Job 305.

Job 200:

Allocated overhead= 2,500*7.75= $19,375

Job 305:

Allocated overhead= 3,000*7.75= $23,250

C) Job 200                     19,375

   Job 305                      23,250

                         Allocated Overhead          42,625

6 0
3 years ago
During 2017 the DLD Company had a net income of $85,000. In addition, selectedaccounts showed the following changes: Accounts Re
miv72 [106K]

Answer:

A) $84,500

Explanation:

The cash flow statement categories the company's transactions in a financial period into 3 groups; these are operating, investing and financing.

The net profit/loss, depreciation, changes in current assets (other than cash) and liabilities are considered as operating activities including income taxes.  

The sale of assets, interest received, purchase of investments are examples of investing activities while the issuance of stocks, debt principal deduction (loan settlement), issuance of debt securities etc are examples of financing activities.

Hence, amount of cash provided by operating activities

= -$3,000 + $1,000 + $1,500 + $85,000

= $84,500

The increase in asset other than cash is an outflow, increase in liability is an inflow of cash. Depreciation is a non-cash item added back while increase in building and bond payable are investing and financing activities respectively.

7 0
3 years ago
Question 13 of 20 : Select the best answer for the question. 13. The document a caterer uses to stipulate the terms, conditions,
iVinArrow [24]
The document a caterer uses to stipulate the terms, conditions, and contents of the services he or she will provide each client is called the A.) CLIENT AGREEMENT.

Client Agreement is a contract between the client and the contractor. Both parties will sign on the written client agreement contract and both are held accountable on the terms and conditions specified in the contract.
8 0
3 years ago
Identify the career that matches each description.
mariarad [96]

Answer:

You didn’t provide a list so I came up with possible answers.

Choreographer

Writer

Actor/Actress

Director

8 0
3 years ago
Read 2 more answers
Other questions:
  • How are most travel itineraries arranged?
    15·1 answer
  • The table below shows a summary of Kaitlin's credit card statement for the month of February.
    6·1 answer
  • The increasing involvement of salespeople in _____________________ is one major reason why the average cost of a sales call has
    13·1 answer
  • Analysts project the following cash flows for Hopkin’s Corporation during the next three years: Year 1: – $27 million (this is n
    8·1 answer
  • Scissor Corporation holds assets with a fair value of $150,000 and a book value of $125,000 and liabilities with a book value an
    10·1 answer
  • Caliana manages the warehouse for United Processors Inc. At the beginning of each year, she determines the department goals for
    9·1 answer
  • On July 1, Crowe Co. pays $15,000 to Zubin Insurance Co. for a 3-year insurance policy. Both companies have fiscal years ending
    15·1 answer
  • Why is gasoline weighted more heavily than tomatoes in a calculation of the annual inflation rate in the United States
    6·2 answers
  • Consider 2 scenarios: Boom Economy and Normal Economy. The Boom economy has 30% chance of happening, while Normal economy has 70
    12·1 answer
  • Which gesture is a person least likely to misunderstand?
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!