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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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A company was the victim of several frauds that totaled approximately $10 million in one year. With a profit margin of 10 percen
Arisa [49]

Answer:

100,000

Explanation:

Given that

Approximately frauds = $10 million

Profit margin = 10%

And the sale value of the product per unit = $1,000

So by considering the above information, the additional units is

= Approximately frauds × Profit margin

= $10 million × 10%

= 100,000

So by multiplying the approximate frauds with the profit margin we can get the additional units

8 0
3 years ago
Which financial planning document should you use to measure your current financial​ condition?
fiasKO [112]

Answer:

Balance Sheet / Statement of Financial position is used to measure the current financial position of the company.

Explanation:

Balance Sheet / Statement of Financial position is used to measure the current financial position of the company. It shows the value of assets liabilities and capital invested in the company. It also provides the net financial value of the company after paying all the liabilities. On the other hand the Income statement or Statement of Financial performance shows the performance of the company in a specified period of time.

3 0
3 years ago
Write the AddressList method newBusiness. This method searches addresses for an existing business with an identical address (i.e
max2010maxim [7]

Answer:

See explaination

Explanation:

// Address.java

public class Address {

/**

* The name of the business

*/

private String name;

/**

* The name of the street the business is on

*/

private String street;

/**

* The street number of the business

*/

private int number;

/**

* Constructs an Address that represents a business with name nm,

* at number no on the street st

*/

public Address(String nm, String st, int no)

{

name = nm;

street = st;

number = no;

}

/**

* Returns the name of the business

*/

public String getName()

{

return name;

}

/**

* Returns the name of the street on which the business is located

*/

public String getStreet()

{

return street;

}

/**

* Returns the street number of the business

*/

public int getNumber()

{

return number;

}

}

//end of Address.java

//AddressBook.java

import java.util.ArrayList;

import java.util.List;

public class AddressBook {

/**

* The list of business addresses. No two businesses in the list

* can have the same address (both the same street and street number)

*/

private List<Address> addresses;

/**

* Constructs an empty AddressBook

*/

public AddressBook()

{

addresses = new ArrayList<Address>();

}

/**

* atparam st the name of a street

* atreturn a list with the names of each business with an address on that street

*/

public List<String> onStreet(String st)

{

// create an empty output list of names of business

List<String> businessName = new ArrayList<String>();

// loop over the list of addresses

for(int i=0;i<addresses.size();i++)

{

// if ith street of address = nm, add the name of the business to the output list

if(addresses.get(i).getStreet().equalsIgnoreCase(st))

businessName.add(addresses.get(i).getName());

}

return businessName; // return the list

}

/**

* Searches for an existing business with an identical address (street and number

* both match). Updates the record to an address with name nm, street st and number no.

* If no entry already exists adds a new address to the end of the list with these parameters.

*

* atparam nm the name of the business

* atparam st the street the business is on

* atparam no the street number of the business

* atreturn the index of where the business address is on the list

*/

public int newBusiness(String nm, String st, int no)

{

// loop over the list of addresses

for(int i=0;i<addresses.size();i++)

{

// if ith index addresses match the street and number of the input st and no

if((addresses.get(i).getStreet().equalsIgnoreCase(st)) && (addresses.get(i).getNumber() == no))

{

addresses.remove(i); // remove the ith address from list

addresses.add(i, new Address(nm,st,no)); // add a new address with the input name, street and number at ith index

return i; // return the index i

}

}

// if no address match, add the business at the end of the list

addresses.add(new Address(nm,st,no));

return addresses.size()-1; // return the last index

}

}

//end of AddressBook.java

5 0
4 years ago
On November 1, Wright Co. borrowed $20,000 cash from Third Bank by signing a 90-day, 6% interest-bearing note.
Andrews [41]

On January 30, the due date of the note, Wright will record the payment with a debit to Interest Expense in the amount of $100.

Explanation:

  • On November 1, Wright Co. borrowed $20,000 cash from the Third Bank by signing a 90-day, and 6% of interest-bearing note.
  • On December 31, it was recorded an adjusting entry to interest expense of $200.
  • On January 30, which is the due date of the note, Wright will record the payment with a debit to Interest Expense in the amount of $100.
  • Interest expense is an expense which is known as a non-operating expense which is shown on the income statement. It also represents interest payable amount when it is borrowed. For Example,
  • bonds,convertible debt, loans or lines of credit
  • The main difference between the interest expense and the interest paid is that the discount amount and this difference changes the net amount of bond liability.
  • Interest expense is an amount determined by the interest rate on an account.

4 0
4 years ago
The estimated value of an asset at the end of its useful life is called all of the following except a.residual value. b.salvage
lesantik [10]

Answer:

Correct answer is letter C, book value

Explanation:

The value of an asset at the end of its useful life is called residual value, salvage value, scrap value or break-up value. While book value on the other hand is the value of an asset after we deduct the accumulated depreciation from the cost of an asset. It is sometimes referred to us the carrying value of an asset we netting the asset against its accumulated depreciation.

3 0
3 years ago
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