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Alisiya [41]
3 years ago
11

Which of the following budgets is prepared before the preparation of the production budget? a. Sales budget b. Cash budget c. Di

rect labor budget d. Capital expenditure budget
Business
1 answer:
Gekata [30.6K]3 years ago
4 0

Answer:

a. Sales budget

Explanation:

Sales Budget is the starting point for the Budgetary process. The sales budget projects the number of units to be sold to meet the firms targets.

These units will then need to be used to populate the production required by the firm to meet its sales needs <em>plus</em> any inventory balances.

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On January 1, 2018, Crane Corp. changed its inventory method to FIFO from LIFO for both financial and income tax reporting purpo
vagabundo [1.1K]

Explanation:

Data provided in the question

Change in the inventory = $1,030,000

i.e Opening inventory = $1,030,000

Income tax rate = 35%

So, the cumulative effect in the year 2018 is

Opening inventory   $1,030,000

Less: income tax rate i.e 35% -$360,500

Balance                         $699,500

This balance would be addition to the beginning balance of the retained earning statement

                   

3 0
3 years ago
many credit card companies wont tell you your interest rate or tell you your credit limit until after they have issued you their
Andre45 [30]

Answer: False these are the things that draw in customers if they have good rates they would be happy to tell you.

5 0
3 years ago
Everything else held constant, when bonds become less widely traded, and as a consequence the bond market becomes less liquid, t
Umnica [9.8K]

The demand curve for bonds shifts to the left and the interest rate rises.

  • left; rises

<h3>Influence of the demand curve</h3>

When bonds are not frequently traded, and the market becomes less liquid, the demand for the bonds falls.

As a result, with a fall in demand, the curve will move towards the left. To overcome the less liquid position, bond suppliers will raise the interest rate to attract investors and capital in the market

To overcome the less liquid position, bond suppliers will raise the interest rate to attract investors and capital in the market

Therefore, the correct answers are left and rise.

Learn more about demand curve from here: brainly.com/question/1486483

5 0
2 years ago
Larry is a hard-working college freshman. One Saturday, he decides to work nonstop until he has answered 200 practice problems f
OverLord2011 [107]

Answer:

  • The marginal gain from Larry's second hour of work is 60 problems
  • The marginal gain from Larry's fourth hour of work is 20 problems
  • The best combination is 1 hour of working problems + 3 hours of reading

Explanation:

To get the <em><u>marginal gain</u></em> we subtract from the latest hour, in this case the second hour (140), the production from the previous hour (80). 140-80=60. <em>It's always the same, the latest minus the previous one.</em>

So let's do the same for the fourth hour:

Noon................200 problems

minus

11:00 AM..........180 problems

200-180= 20 problems

Now to know how many hours he should spend working on problems and reading, let's compare:

An hour of reading equals to 70 problems made; (because working on 70 problems raises a student’s exam score by about the same amount as reading the textbook for 1 hour).

hours of working problems         problems solved

0............................................................0

1.............................................................80

2............................................................140

3............................................................180

hours reading                    problems equivalent to hours read

4...............................................(4*70)=280

3...............................................(3*70)=210

2...............................................(2*70)=140

1................................................(1*70)=70

finally let's add up the two combinations (0 and 4, 1 and 3, 2 and 2, 3 and 1)

0 and 4_______________0+280= 280

1 and 3________________80+210=290

2 and 2_______________140+140=280

3 and 1________________180+70=250

<em>And the best combination is 1 hour of working problems + 3 hours of reading=</em><em>290</em>

3 0
3 years ago
A manager is assessing whether a business decision is ethical. She believes that if the benefits of a choice exceed the costs, t
Solnce55 [7]

Utilitarianism is a personal moral philosophy which id being used in this scenario.

<h3>What is Utilitarianism?</h3>

This is the morality that advocates actions that foster happiness or pleasure and maximizes wellbeing of individuals.

The manager believing that the  benefits of a choice exceed the costs is ethicalk as result of her having more profit which will maximize the company' wellbeing.

Read more about Utilitarianism here brainly.com/question/2642866

8 0
2 years ago
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