Answer:
1. estimate the quantity of raw materials to be purchased.
2. ending raw materials inventory for the last period.
Explanation:
A budget is a financial plan used for the estimation of revenue and expenditures of an individual, organization or government for a specified period of time, often one year. Budgets are usually compiled, analyzed and re-evaluated on periodic basis.
The first step of the budgeting process is to prepare a list of each type of income and expense that will be part of the budget.
The final step by the management of an organization in the financial decision making process is making necessary adjustments to the budget.
The benefits of having a budget is that it aids in setting goals, earmarking revenues and resources, measuring outcomes and planning against contingencies.
1. The purpose of preparing a direct materials budget is to estimate the quantity of raw materials to be purchased. This includes the raw materials that would be used for the manufacturing of finished goods.
2. In a direct materials budget, the desired ending raw materials inventory for the year is equal to the ending raw materials inventory for the last period.
Answer:
The answer is Option C
Explanation:
Any event that would either decrease the demand for loanable funds or increase the supply of loanable funds will decrease the equilibrium interest rates. Supply of loanable funds is affect by the amount of national savings. National savings in turn, is the sum of private savings, public saving and net capital inflow.
In option C, capital inflows are increasing. This means that there would be an excess supply of money in the economy which can be converted into loanable funds. This would, therefore, push the supply curve to the right thereby reducing the real interest rate equilibrium.
Answer:
Date General Journal Debit Credit
Cash $15,400
Accumulated Depreciation $39,600
Equipment - Delivery truck $55,000
(Assuming the truck was sold for $15,400 cash)
Cash $16,500
Accumulated Depreciation $39,600
Gain on sale $1,100
Equipment - Delivery truck $55,000
(Assuming the truck was sold for $16,500 cash)
Cash $12,700
Accumulated Depreciation $39,600
Loss on sale $2,700
Equipment - Delivery truck $55,000
(Assuming the truck was sold for $12,700 cash)
The answer is D. <span>. most companies recognize the need for organizational leaders to get feedback from their employees
For most companies, the upper management level employee rarely took any form of advice/feedback from lower level employees.
This is really dangerous for the well-being of the company because not only it cause resentment among them, it also make the company miss the chance to detect the fatal flaw that may exist in their operation</span>
