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4 years ago

The _____ budget deals with the firm’s plans for investing in major fixed assets and long-term projects

1 answer:

7 0

CAPITAL BUDGET

The Capital Budge deals with the firm's plans for investing in major fixed assets and long-term projects.

Capital budget is identified as a process of planning expenditures for assets that has returns that go beyond one year. Capital budget is for making long-term plans and decision on investments in fixed assets and their corresponding financing.

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The ____ agenda contains the Welcome and introductions to provide opportunity for team members to get to know each other and the

Step2247 [10]

Answer:

The Meeting Agenda

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3 years ago

The following data are from the accounting records of Niles Castings for year 2: Units produced and sold 80,000 Total revenues a

Kruka [31]

Answer:

Gross Margin = $ 115,000 Contribution Margin= $ 144,500

Explanation:

Nile Castings

Income Statement

Year 2

Sales Revenue $ 270,000

Direct Materials $63,000

Direct Labor $ 33,000

Variable Manufacturing Overheads $ 18,000

Fixed Manufacturing Costs $ 41,000

Gross Margin $ 115,000

Less Marketing & Administrative Costs

Fixed Marketing Costs $ 38,000

Variable Marketing Costs $ 11,500

Net Profit $ 65,500

Nile Castings

Income Statement Under Absorption Method

Year 2

Sales Revenue $ 270,000

Direct Materials $63,000

Direct Labor $ 33,000

Variable Manufacturing Overheads $ 18,000

Variable Marketing & Administrative Costs $ 11,500

Contribution Margin $ 144,500

Less Fixed Costs

Fixed Manufacturing Costs $ 41,000

Fixed Marketing Coss $ 38,000

Net Profit $ 65,500

3 0

3 years ago

Suppose that investment is $130 billion, saving is $110 billion, government expenditure on good and services is $120 billion, ex

Natali5045456 [20]

The amount of tax revenue is $130 billion and teh governemnt budget balance is negative 10 billion

Explanation:

We are given

I = 130 billion, S = 110 billion, G = 120 billion, X = 210 billion and M = 220 billion, we need to derive tax revenue = T??

At equilibrium; S+T +M = I+X+G or

110 + T + 220 = 130 + 210 + 120 or

T + 330 = 460, implies tax revenue (T) = $130 billion

the government budget is calculated as follows:

Government budget = G-T = 120 minus 130 = -10 billion

6 0

3 years ago

The cost of direct materials transferred into the Rolling Department of Kraus Company is $588,000. The conversion cost for the p

Flura [38]

Answer:

Direct materials cost per equivalent unit: $196 per ton

Conversion cost per equivalent unit: $57 per ton

Explanation:

Direct material cost per equivalent unit = Cost of direct materials transferred in/ Equivalent units for direct materials

= 588,000/3,000

= $196 per ton

Conversion Cost per equivalent unit = Conversion cost for the period / Conversion cost per equivalent

= 296,400/5,200

= $57 per ton

4 0

3 years ago

Data for 2021 were as follows: PBO, January 1, $240,000 and December 31, $270,000; pension plan assets (fair value) January 1, $

Nezavi [6.7K]

The projected benefit obligation was underfunded at the end of 2021 by: $40,000

Solution:

Given,

PBO, January 1, $240,000

December 31, $270,000

pension plan assets (fair value) January 1, $180,000

December 31, $230,000

Now ,

The projected benefit obligation was underfunded at the end of 2021 by :

PBO ($270,000)

Plan assets 230,000

Funded status ($40,000) [ $270,000 - 230,000 ]

∴ The projected benefit obligation was underfunded at the end of 2021 by: $40,000

7 0

3 years ago