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Vlada [557]
2 years ago
5

Which of the following represents the normal sequence in which the below budgets are prepared? a. Sales budget, budgeted balance

sheet, budgeted income statement b. Budgeted balance sheet, sales budget, budgeted income statement c. Sales budget, budgeted income statement, budgeted balance sheet d. Budgeted income statement, sales budget, budgeted balance sheet
Business
1 answer:
zloy xaker [14]2 years ago
6 0

Answer:

c. Sales budget, budgeted income statement, budgeted balance sheet

Explanation:

First, we calculate the sales for the period. It would also calculatethe cash proceeds from sales, which will be useful for the balance sheet.

With that, we can plug sales revenue into the income statement and calcualte the net income.

And with the income statement, we can solve for retained earnings and build up the balance sheet. Among other data

Doing it in any other order, we are going to leave blanks and need to do the next one to fill them. In the proposed orde,r we do not need information from the subsequent budget to complete the previous one, which is good.

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Job cost sheets contain entries for actual direct material, actual direct labor, and actual manufacturing overhead cost incurred
adelina 88 [10]

Answer:

True

Explanation:

A cost sheet is a statement that contains all the cost incurred on a cost unit or a cost centre. A  typical cost sheet will accumulate all the direct and indirect material consumed in the production of a product. Also included in the cost sheet is direct labor incurred in the making of a product including allocated overhead. With this, the margin on a product can be observed from a cost sheet.

7 0
2 years ago
Consider the following two separate events for a company during the year: 1. Loss on sale of investments = $30. 2. Unrealized ga
Serggg [28]

Answer:

A.) Net income = $(30); Comprehensive income = $(10).

Explanation:

First, the multiple choices to the question

A.) Net income = $(30); Comprehensive income = $(10).

B.) Net income = $(30); Comprehensive income = $20.

C.) Net income = $0; Comprehensive income = $(10).

D.) Net income = $(10); Comprehensive income = $20.

The question is to determine the effect of the two events listed on the Net Income as well as the comprehensive income

First, we look at event one:

The loss of sales of investment = #30

The effect of this is to debit the income statement because it is a net loss of $30. It brings a reduction to the income side. Income will usually have a credit balance, but a net loss reduces income therefore, it will be debited.

Second, the Unrealized gain on investment from increase in fair value = $20

The effect is $10 which represents $30 from the loss - $20 from the unrealised gain. It will however, also decrease the comprehensive income by the $10.

7 0
3 years ago
The current price of a stock is $50, the annual risk-free rate is 6%, and a 1-year call option with a strike price of $55 sells
wariber [46]

Answer:

$9.00.

Explanation:

The computation of the value of a put option is shown below:

Data provided in the question

Current price of the stock = $50

Risk free rate = 6%

Strike price = $55

Sale price = $7.20

Based on the above information

The value of put option is

Put = V - P + X exp(-r t)

= $7.20 - $50 + $55 e RF  - 0.06(1)

= $7.20 - $50 + $51.80

= $9.00

Hence, the value of put option is $9

6 0
3 years ago
In your own words, describe how to optimize a function given a set of constraints
Anni [7]
One method on optimizing a function is by finding the absolute extrema. It is done by having the optimal values continuous including the including the endpoints. I hope my answer has come to your help. God bless and have a nice day ahead!<span>
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3 0
2 years ago
Marquette Corporation has an activity-based costing system with three activity cost pools--Processing, Setting Up, and Other. Co
alexandr1967 [171]

Answer:

Im figuring this out for you!

Explanation:

5 0
2 years ago
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