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4 years ago

When managers begin with a blank slate and must justify their expenditures, what budgeting method is being used?

1 answer:

5 0

The manager, would turn to Zero-based budgeting method (ZBB). This would mean that everything would be justified, in a monthly rate. Everything would be analyzed, keeping in mind the expenses and needs of each function.

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A company earned $3,000 in net income for October. Its net sales for October were $10,000. Its profit margin is:

Alekssandra [29.7K]

Answer:

Option B.

Explanation:

Given information:

Net income = $3,000

Net sales = $10,000

Profit margin formula:

$\text{Profit margin}=\dfrac{\text{Net income}}{\text{Net sales}}\times 100$

Substitute given values in the above formula.

$\text{Profit margin}=\dfrac{3000}{10000}\times 100$

$\text{Profit margin}=30$

The profit margin is 30%. Therefore, the correct option is B.

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3 years ago

Sorin Incorporated, a company that produces and sells a single product, has provided its contribution format income statement fo

Zepler [3.9K]

Answer:

Total contribution margin= $53,136

Explanation:

Giving the following information:

Sales (3,600 units) $ 97,200

Variable expenses 50,544

Contribution margin 46,656

First, we need to calculate the unitary variable cost and the selling price.

Selling price= $27

Unitary variable cost= $14.04

Now, we can calculate the total contribution margin for 4,100 units.

Total contribution margin= 4,100*(27 - 14.04)

Total contribution margin= $53,136

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4 years ago

The operating cash flow of a cost-cutting project: Group of answer choices

swat32

Answer:

can only be analyzed by projecting the sales and costs for a firm's entire operations.

Explanation:

To be able to effectively cut costs, an analysis of a company's sales and operating costs must be performed. In a cost-cutting situation, financial control will be an important predictor of competitive advantage, as the more detailed sales and cost projection and analysis, the more information the company will have to control inputs and outputs and design strategies that will assist. on long-term organizational success.

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3 years ago

A manufacturing division has an average of $1,800,000 invested in assets and earned income of $720,000. The division's return on

Romashka [77]

Answer:

ROI = 0.4

Explanation:

To find the answer, we use the following formula:

Return on Investment = Profit / Investment

Now, we simply plug the amounts into the formula:

Return on Investment = $720,000 / $1,800,000

= 0.4

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3 years ago

: In an interview, an appropriate response to "What is an example of one of your weaknesses?" could be: a) "I am forgetful, at t

sattari [20]

Letter A and B are absolutelly incorrect. I think it is C... Not sure

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3 years ago