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julia-pushkina [17]
3 years ago
15

Different budgeting periods and explain each one

Business
1 answer:
RideAnS [48]3 years ago
5 0
Budgeting period is an allocation of time to plan for your money and how or where it's gonna be used. There are two types of budgeting period: Short term and Long term.

Short-term Budgeting period

This budgeting period covers from 6 months to a year, depending on the nature of the business. For seasonal businesses, it should cover at least one seasonal cycle. For wholesale and retail businesses, 6 month is enough.

Long-term Budgeting Period

This covers more than a year of operating. It focuses on the futuristic performance of a business or company. Factors used are market trends, economic growth, inflation rates and industrial production. These factors help foresee profit or problems that may arise. Consequently, this will also help you in your present decisions.
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LO 3.5If a firm has a contribution margin of $59,690 and a net income of $12,700 for the current month, what is their degree of
Mamont248 [21]

Answer:

4.7

Explanation:

The computation of the degree of operating leverage is presented below:

= Contribution margin ÷ Net income

= $59,690 ÷ $12,700

= 4.7

where,

Contribution margin = Sales - Variable costs

And, the net income would be

= Sales - Variable costs - Fixed costs

The net income is also known as earning before interest and taxes

5 0
3 years ago
Toussaint Company issued 10,000 shares of its common stock in exchange for merchandise that it will resell. The merchandise had
Aleks [24]

Answer:

The correct answer is $300,000.

Explanation:

According to the scenario, the computation of the given data are as follows:

Original cost = $250,000

Fair value = $300,000

Retail value = $520,000

As Share based transaction of the organization record or issued always at fair value for which the goods or services are exchanged.

Here, Fair value is given.

So, the transaction will be recorded at fair value = $300,000

7 0
3 years ago
what is the term for a group of project activities that are assigned to a single organizational unit?
ElenaW [278]
Product-service bundling is adding Value-added services to a firm's product offerings to create more value for the customer.
5 0
2 years ago
arget Profit Refer again to the income statements for Cover-to-Cover Company and Biblio Files Company on their respective Income
Darya [45]

Answer: $489,000

Explanation:

Amount of sales required  = (Fixed cost + Desired operating income ) / Contribution margin ratio

Contribution margin ratio for Cover-to-Cover Company:

= Contribution margin / sales

= 77,800/ 389,000

= 20%

Desired operating income = Current income + income increase

= 58,350 + 20,000

= $78,350

Amount of sales required:

= (19,450 + 78,350) / 20%

= $489,000

3 0
3 years ago
The type of cover letter written to request assistance and support from the author’s job network:
Fittoniya [83]

There are five general types of cover letters:

<span>1.      </span>Application Letter - to apply for a specific job opening

<span>2.      </span>Referral Cover Letter - mentions the name of a person who has referred you to a job

<span>3.      </span>Letter of Interest - <span> a prospecting letter, inquires about possible job openings </span>

<span>4.      </span>Networking Letter-<span> request job search advice and assistance (sample networking letters)</span>

<span>5.      </span>Value Proposition Letter - a brief statement explaining what makes the candidate unique

<span>If you are to request assistance and support from a job network, therefore, you must use the networking letter type of cover letter.</span>

3 0
2 years ago
Read 2 more answers
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