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4 years ago

How does a declining budget work?

Business

1 answer:

expeople1 [14]4 years ago

5 0

The declining budget works as

b) It shows how much you budgeted versus what you spent so far

Explanation:

A declining budget assists management in controlling operational costs because It shows how much you budgeted versus what you spent so far.
In a frame budget, it is a categorized way to look at where your money is allocated each month and how much you are spending.
It calculates expenses.The first order of business is to analyse as to exactly how much you're spending each month.
It determines your income.
Making a budget work takes a lot of commitment from everyone in your household, as your childcare expenses increased, or your A/C broke down and you had to spend, its all recovered from the monthly income,
Budgeting means creating a plan that accounts for every dollar you'll earn And budgeting helps you work too hard for your money to wonder where it all went at the end of the month.

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On September 1, Sky Mountain Co. borrowed $200,000 on a 6%, 9-month note payable to Coast National Bank. Given no previous adjus

avanturin [10]

Answer:

Accrued Interest - $5,333.33

Explanation:

At the end of the year, due to the matching principle, expenses of the same period need to be matched with that period and 'expensed' in the same year.

In the scenario above there has been 4 months out of 9 used in the current year, hence as at December 31st. 4 months interest will be included in the current year and 5 months interest will be attributable to the following future.

4 months / 9 months * 6% * 200,000 = $5333.33

In consonance with the accrual basis of accounting, the amount of accrued interest that will be recorded with adjusting entries will be:

Dr Interest expense - 5,333.33

Cr Accrued Interest - 5,333.33

7 0

4 years ago

The main objective of enterprise systems is to create competitive advantage by streamlining business activities within and outsi

Romashka [77]

Answer:

True

Explanation:

Enterprise system, which is also referred to Enterprise resource planning (ERP) refers to a business software which is implemented centrally so as to help coordinate and exchange data smoothly between departments and people.

Such a system makes it convenient for the businesses to share information within as well as with outside parties of an organization and helps integrate information between different departments.

Initially, the ERP software was primarily used by businesses for internal business processes but gradually it has been applied for suppliers, customers and outside business functions.

Effective application of such a system ensures competitive advantage to an enterprise.

6 0

3 years ago

For a fitness center purchasing a $3,000 photocopier expected to produce 30,000 copies with no salvage value at the end of the p

Jobisdone [24]

Answer:

Depreciation expense per year

Year 1 = $1200

Year 2 = $800

Year 3 = $600

Year 4 = $300

Year 5 = $100

Explanation:

To determine the depreciation expense under the units of production/activity method of charging depreciation, we will first calculate the depreciation expense per unit and then multiply it with the units of production in each year to calculate the depreciation expense for that year.

The formula for depreciation under this method is attached.

Depreciation per unit = (3000 - 0) / 30000 = $0.1 per copy

Depreciation expense per year

Year 1 = 0.1 * 12000 = $1200

Year 2 = 0.1 * 8000 = $800

Year 3 = 0.1 * 6000 = $600

Year 4 = 0.1 * 3000 = $300

Year 5 = 0.1 * 1000 = $100

7 0

3 years ago

long-term assets are the focus of a. cash budgeting. b. investment planning. c. capital budgeting. d. corporate planning.

jeyben [28]

Long-term assets are the focus of corporate planning.

The process by which corporations develop strategies for accomplishing goals and meeting goals is known as corporate planning. It entails the definition of the strategy, the direction of the strategy, decision-making, and resource allocation. A corporate plan is similar to a strategic plan, but the difference is that a corporate plan directs a more complex company with multiple business units or subsidiaries. "Corporate planning includes the setting of objectives, organizing the work, people, and systems to enable those objectives to be achieved, motivating through the planning process and through the plans, measuring performance and so controlling progress of the plans, and developing people through better decision-making. It explains the direction the business as a whole is going and provides a road map to get there.

Learn more about planning from

brainly.com/question/24864915

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6 0

1 year ago

Mauro Products distributes a single product, a woven basket whose selling price is $21 per unit and whose variable expense is $1

Grace [21]

Answer:

1. Break even points in units will be = 2,700 units

2. Break-even point in dollar sales = $56,700

3. In case fixed expense increase by $600 then Break even point in unit sales = 2,900 units

Explanation:

Break even point = $\frac{Fixed Cost}{Contribution per unit}$

Fixed Cost = $8,100

Contribution per unit = Sale Price - Variable Cost = $21 - $18 = $3

1. Break even points in units will be

= $\frac{8,100}{3} = 2,700 units.$

2. Break-even point in dollar sales

= Break even point in units X Sale price per unit

= 2,700 units X $21 = $56,700

3. In case fixed expense increase by $600 then Break even point in unit sales

= $\frac{8,100 + 600}{3}$ = 2,900 units

Final Answer

1. Break even points in units will be = 2,700 units

2. Break-even point in dollar sales = $56,700

3. In case fixed expense increase by $600 then Break even point in unit sales = 2,900 units

3 0

4 years ago