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4 years ago

The managerial accounting report showing predicted amounts of sales and expenses for the budget period is the:

Business

1 answer:

Olegator [25]4 years ago

3 0

Answer:

Budgeted income statement is the correct answer.

Explanation:

The budgeted financial statement contains a set of financial statements. It includes the Income statement, balance sheet, statement of cash flows and retained earnings. They are formed from the yearly budgeting model of a business. They help in predicting the financial result and position and also the cash flow of a business. They are especially helpful while creating a new budget model as it can help to see how the impact of adjustments made on the budget model affects the financial statements.

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Suppose at an output level of 150 units a firm's average fixed cost is $25 and average variable cost is $50. Then the average to

posledela

The average total cost of the firm is $75.

<h3>What is the average total cost of the firm?</h3>

The average total cost is the sum of the average fixed cost and the average variable cost.

The average total cost = average fixed cost + average variable cost

$25 + $50 = $75

To learn more about fixed cost, please check: brainly.com/question/27127934

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3 0

2 years ago

Regina Corp. is a property and casualty insurance company in its third year of operations and has a net loss of $100,000. Regina

sergejj [24]

Answer:

$24,000

Explanation:

Total Taxable income of first and second year = $10,000 + $30,000 = $40,000

Net loss in 3rd year = $100,000

Net Operating loss carry back = Regina Taxable income Total of first and second year of operations

Net Operating loss carry back = $40,000

Net Operating loss Carry forwards = Net loss - Net Operating loss carry back

Net Operating loss carry forward = $100,000 - $40,000

Net Operating loss carry forward = $60,000

Income tax rate = 40%

Income tax benefit from the Net Operating loss carry forward = Net Operating loss carry forward * Income tax rate

Income tax benefit from the Net Operating loss carry forward = $60,000 * 40%

Income tax benefit from the Net Operating loss carry forward = $24,000 .

6 0

4 years ago

Exercise 8-07 At December 31, 2019, Pharoah Company Company had a credit balance of $18,100 in Allowance for Doubtful Accounts.

Alja [10]

Answer:

Entries are given below

Explanation:

DATA:

Opening Balance in the allowance for doubtful debt = $18,100

During 2020 Pharoah company wrote off accounts totaling 12,900

Entry DEBIT CREDIT

Allowance for Doubtful Accounts $11,800

Accounts Receivable $11,800

At December 31, 2020, an aging schedule indicated that the balance in Allowance for Doubtful Accounts should be $23,700

Entry DEBIT CREDIT

Bad debt expense $17,400

Allowance for doubtful debt $17,400

Working

Balance before adjustment = $18,100 - $11,800

Balance before adjustment = $6,300

After Aging schedule indication

Adjustment = $23,700 - 6,300

Adjustment = $17,400

3 0

3 years ago

Genevieve is a member of the board of directors and the chief financial officer of The Shoe Fits, Inc. Under the duty of care sh

iren2701 [21]

Answer:

B. oversee every aspect of the business, including such things as ordering merchandise and arranging for janitorial services

Explanation:

6 0

4 years ago

All of the following statements are true regarding negotiated municipal underwritings EXCEPT the:A initial offering price of eac

Sever21 [200]

Answer:

Explanation:

customer must be sent a copy of the official statement, if available

5 0

3 years ago