Answer:
Items of the master budget in order of preparation:
b. Sales budget
f. Inventory, purchases, and cost of goods sold budget
g. Selling and administrative expense budget
c. Capital expenditures budget
e. Cash budget
d. Budgeted income statement
a. Budgeted balance sheet
Explanation:
In a master budget, the first is the sales budget. It forms the nucleus for the preparation of other budgets. The sales targets determine the production requirements. From the production, inventory, or purchase budgets, other budgets will be formed sequentially. All are directed at meeting the needs of customers as captured in the sales budget. Lastly, the financial statements budgets are prepared, which include the income statement and the balance sheet.
<u>Given:</u>
Loan amount = $250000
Interest rate = 5.5%
Interest payment = $2042.71
<u>To find:</u>
Total amount of interest
<u>Solution:</u>
The total number of months in 15 years =
Total monthly payments will be
So, the total pay-backs will be $3,67,687.8
Total interest paid will be as follows,
On plugging-in the values in the above formula we get,
Therefore, the total amount of interest that the borrower will pay over the course of the loan is $1,17,687.80.
28 businesses in the US and Canada are experimenting with the four-day work week. In collaboration with Four-Day Week Global, it will be a part of a six-month experimental initiative. The same study is currently halfway through with 70 companies in the UK. It is a collaborative non-profit project.
<h3>Explain about the non profit partnership?</h3>
A nonprofit organization and a corporate sponsor or partner work together to achieve a similar goal on the basis of their shared principles in a nonprofit-corporate partnership, sometimes known as a corporate-charity collaboration if the nonprofit is a charity.
Collaboration between nonprofits enables various organizations to work together and advance local communities and the global community even further. The purpose of your NPO can be furthered in many ways by partnering with another nonprofit organisation, whether locally or globally.
Shared knowledge and expertise: Partnerships give businesses the chance to learn from one another and exchange best practices. Greater impact: When NGOs collaborate, they can do more than they could on their own.
To learn more about non profit partnership refer to:
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Answer:
B. only the traditional format of the income statement.
Explanation:
There is only one format under US GAAP, that is the traditional format, the variable costing format or the contribution margin format are all concepts of cost accounting, and not of accounting.
As per US GAAP the books are prepared in traditional format income statement. No other format is followed for reporting and presenting the financial statements of the company.
Therefore, correct option is:
Option B