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3 years ago

What is a budget? Why is it important to a human services organization?

1 answer:

3 0

A budget is <span>an estimate of income and expenditure for a set period of time. The reason that it is important to a human services organization is to see how well you spend your money, how mature you are with the money you get, do you spend it on stupid expensive stuff when you see that other stuff is cheaper. They just want to see how well you keep track of your money and how mature you are with it!! Hope this helped</span>

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your team is working on a project due at the end of the quarter. you propose a timeline that some of your teammates disagree wit

vovangra [49]

I would do either D or E

6 0

3 years ago

You work for a marketing firm that has just landed a contract with Run-of-the-Mills to help them promote three of their products

Mazyrski [523]

Answer:

1.1 substitutes do not market together

-0.35 complements market together

Explanation:

1.1

-0.35

Cross price elasticity of demand measures the responsiveness of quantity demanded of good A to changes in price of good B.

If cross price elasticity of demand is positive, it means that the goods are substitute goods.

Substitute goods are goods that can be used in place of another good.

if the price of a good increases, the demand for the substitute increases and if the price of the good reduces, the demand for the substitute increases.

If the cross-price elasticity is negative, it means that the goods are complementary goods.

Complementary goods are goods that are consumed together

Cross price elasticity = percentage change in quantity demanded of good A / percentage change in the price of good B

Frizzles = -22% / -20% = 1.1

Mookies = 7 / -20 = -0.35

5 0

3 years ago

A company purchased new equipment for $80,000. The company paid cash for the equipment. Other costs associated with the equipmen

rosijanka [135]

Answer:

$93,500

Explanation:

Given that,

Purchased new equipment for cash = $80,000

Transportation costs = $2,000

Sales tax paid = $7,000

Installation cost = $4,500

Cost of equipment:

= Cash purchase price + Transportation cost + Sales tax paid + Installation cost

= $80,000 + $2,000 + $7,000 + $4,500

= $93,500

Therefore, the cost recorded for the equipment was $93,500.

7 0

3 years ago

Suppose that China is a small country of peanuts import, and the demand and supply of peanuts are as follows:

chubhunter [2.5K]

1. a. Under free trade, China's peanuts domestic production will be 100 units (50 + 5 x 10).

b. Under free trade, China's peanuts import will be 200 units (300 - 100).

c. Under free trade, China's peanuts export will be negative 200 units (100 - 300).

d. Free trade ensures that domestic consumption is met because domestic manufacturers will produce 100 units while the remaining 200 units demanded by consumers will be met through imports.

2. a. With a quota limit of 200 units for peanuts import, peanuts production will still be 100 units (50 + 5 x 10).

b. Under the quota limit, China's peanuts import will be 200 units (300 - 100) since internal production is not more than 100 units.

c. Under the quota limit, China's peanuts export will be zero units.

d. The quota limit will still ensure that domestic consumption is met because the quota of 200 units plus 100 units of internal production will meet domestic demand for 300 units.

<h3>What are Free Trade and Quota?</h3>

Free trade implies the absence of any government-imposed limits on imports and exports. On the other hand, quota refers to the trade restriction imposed by governments.

<h3>Data and Calculations:</h3>

D = 400 - 10P

S = 50 + 5P

Where:

D = Demand

S = Domestic Supply

P = Price

Price = $10

a. The quantity demanded will be 300 units (400 - 10 x 10).

b. The quantity supplied (domestically) will be 100 units (50 + 5 x 10).

c. The import quantity will be 200 units (300 - 100).

c. Quota imposed on imports of peanuts = 200 units

Thus, <u>there will be no changes</u> in the welfare of consumers and manufacturers under the quota limit compared with free trade because the quota meets domestic demand.

Learn more import and export quota systems and free trade here: brainly.com/question/14913943 and brainly.com/question/10608502

7 0

2 years ago

A company incurs factory overhead costs of $1,200 and applied $1,500. If the difference is considered immaterial, then the:_____

maksim [4K]

Answer:

b) adjusting entry will require a credit to Cost of Goods Sold.

c) Factory Overhead account has a credit balance of $300 before adjusting.

Explanation:

Given that

Actual Overhead = $1200 i.e. debited to the factory overhead account

And,

Applied overhead = $1500 i.e. Credited to the factory overhead account

So, the Factory overhead account has a credit balance of $300 prior adjusting

Also the applied overhead is higher than the actual one so the adjusting entry would needed to credit to the cost of goods sold

6 0

3 years ago