Serena's financial goal is to reduce debt. Which statement could make Serena's financial goal specific and timely?

The master budgeting process typically begins with the sales budget and ends with a cash budget and:

Serhud [2]

Answer:

Budgeted financial statements

Explanation:

4 0

3 years ago

What is the single most important factor in determining the success or failure

kumpel [21]

The answer is Communication

4 0

3 years ago

An employee of a firm has a job where the employee can easily adjust the number of hours they work for the employer per year. Th

USPshnik [31]

Answer:

The answer to both a and b is in the explanation below

Explanation:

a) The increase in wage can either decrease or increase the hours worked. This is became an increase in wage has both substitution effect and income effect that work in different directions. Substitution effect An increase in wage increases the opportunity cost of leisure, thereby making the worker increase number of hours worked. Income effect The increase in wage also makers the worker richer, thereby making the worker decrease number of hours worked.

Since no information about worker's preferences is given, we do not Imow which effect will dominate the other effect and, therefore, we do not know what the net impact of the increase in wage will be.

b) The bonus will only have income effect. The bonus will make the workers richer, thereby making the worker decrease number of hours worked.

If in part a), the substitution effect and income effect are equal in magnitude, then there will be no change in the number of hours worked. The number of hours worked will remain the same at 2000 hours. Since the employer would be paying $5 extra on each hour worked, the cost to the employer of increase in wage would be $10,000 (=2000 x $5), which is the same as the bonus in part b).

6 0

2 years ago

Kevin invested $8,000 for one year at a simple annual interest rate of 6 percent and invested $10,000 for one year at an annual

sergejj [24]

Answer:

$1,296

Explanation:

To get the total amount he earned, we calculate the simple interest the first and compound interest on the second investment

For the first;

I = PRT/100

Where I = the simple interest

P is the amount invested called the principal

R is the yield percentage called the rate

T is time frame of investment

For the first investment:

I = (8,000 * 6 * 1)/100 = $480

For the second investment

A = P(1 + R/n)^nt

A is amount

P is principal

R is rate

n is number of times, 2 in this case since it is semi annually

t is time, 1 year in this case

A = 10,000(1 + 0.08/2)^2

A= $10,816

Interest here is A - P

The interest earned is thus 10,816 - 10,000 = $816

Total amount of interest earned is thus $816 + $480 = $1,296

4 0

3 years ago

The normal capacity of Noel Company is 4,000 units per month. At this volume, budgeted fixed and variable factory overhead are $

drek231 [11]

Answer:

option (b) $900 U

Explanation:

Data provided in the question:

Normal capacity = 4,000 units per month

Budgeted fixed overhead = $16,000

Budgeted Variable factory overhead = $20,000

Actual overhead incurred = $37,900

Now,

Budgeted variable factory overhead cost per unit = $20,000 ÷ 4,000

= $5

Flexible budget variable factory overhead = 4,200 × $5

= $21,000

Total Variable budgeted factory overhead = $21,000 + $16,000

= $37,000

Variance = Budgeted overhead - Actual overhead

= $37,000 - $37,900

= - $900

or

$900 Unfavourable

Hence, option (b) $900 U

5 0

3 years ago