Answer:
B. shield his employees from having to make decisions about how the company operates.
Answer:
The Total Budgeted Sales of May is $944,000
Explanation:
Budgeted sales are those sales which a business estimated in a particular period of time. While budgeting the future value company calculated the sales cost and other expenses to minimize the uncertainty and prepare for the future.
As per given data
In May
Budgeted sales Volume = 3,200 cookwares
Budgeted price per unit = $295
Budgeted Sale value = Budgeted Volume x Budgeted Sales price = 3,200 cookwares x $295 = $944,000
Cash Sales = $944,000 x 25% = $236,000
Credit Sales = $944,000 x 75% = $708,000
Answer:
Yes they should buy the new machine.
Explanation:
since the new mill produces after tax cash savings of $8,200 per year, we should calculate the net present value of the 10 cash flows in order to determine if the project is profitable or not.
using a present value annuity factor for 10 years and 12% discount rate = 5.6502
the project's NPV = ($8,200 x 5.6502) - $38,000 = $46,331.64 - $38,000 = $8,331.64
since the NPV is positive, the project is profitable.
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The accrual accounting characteristic known as the revenue recognition principle states that revenues must be the recorded on the income statement in the period in which they are realized and earned, not necessarily in the period in which cash is received.
The earned revenue represents the money that has been spent on goods or services that have been rendered. For the revenue-generating activity to be included in the revenue for the relevant accounting period, it must be finished or almost the finished. The matching principle also mandates that revenue and related costs must be reported in the same accounting period.
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