Answer:
Total= $292,520
Explanation:
Giving the following information:
Zhang Industries sells a product for $750. Unit sales for May were 400 and each month's sales are expected to grow by 3%. Zhang pays a sales manager a monthly salary of $4,000 and a commission of 2% of sales in dollars. Assume 30% of Zhang's sales are for cash. The remaining 70% are credit sales; these customers pay in the month following the sale.
Cash budget for June:
Sales= [(400*1.03)*750]*0.3= 92,700
Sales from May= (400*750)*0.7= 210,000
Salary= (4,000)
Commision= [(400*1.03)*750]*0.02= (6,180)
Total= $292,520
Answer:
a. A Strategic budget will be used by the upper management in planning for the next five years.
b. A flexible budget will be used by a store manager who wants to plan for different levels of sales.
c. A Cash budget will be used by an accountant who wants to determine whether the company has sufficient funds to cover expenses.
a. A Master Budget will be used by a CEO who wants to make companywide plans for the next year.
Explanation:
- Strategic budget, is finnancial planing to achieve the long term goals of the company.
- flexible budget is used for different level of sales volume.
- Cash budget usted for forescast the cash balance.
- Master Budget uses a schedule to present financial statements.
The correct answer is A = 110, B= 40, C=20..
<u>Explanation</u>
If A+B-C= 170 and B+C-A=130 ,
=C+A = 130
or, C= 130- A
Again, A+B-C =170
or, A+B =170+C
A+B = 170+130-A ( c=130-A)
A+B = 300-A
2A+B = 300
A+B= 300/2
A+B = 150
A+B-C= 170
A+B = 170+C
150 = 170 +C ( A+B = 150)
or, C = 20..............................(1.)
A+C =130
or,A+ 20= 130 ( A=110).....................(2)
A+B = 150
110+B= 150
B = 150-110
B= 40..........................................(3)
Therefore, A = 110, B= 40, C=20..
Answer:
ok
Explanation:
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Answer:
a.capital gains
Explanation:
Capital gains income -
It refers to the increase in the amount of the capital asset , where the amount received from selling the asset is more than the amount at the time of purchase , is referred to as capital gains income.
This gain can be long term as well as short term , and the amount of the asset can not be estimated , until and unless the asset is sold in the market.
Hence, from the given scenario of the question,
Trevor is practicing , capital gains income.
