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2 years ago

Preparing budgeted income statement.

Business

1 answer:

Shkiper50 [21]2 years ago

4 0

Answer:

Budgeted net income is $175,630

Explanation:

The budgeted income statement for the year ended 31 December , 2 011 is presented below , starting with the sales budget amount while budgeted costs of good sold and selling and administrative expenses are deducted from sales,

Budgeted sales $1,222,700

costs of goods sold ($727,300)

operating income $495,400

Selling and administrative expenses ($244,500)

Profit before tax $250,900

Taxes($250,900*30%) ($75,270)

net income $175,630

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Which economic system leaves production decisions completely up to the producers? 1. mixed economy 2. command economy 3. planned

ozzi

Answer:

4. free-market economy

Explanation:

Free-market economy -

A free market refers to the economic system which depends on the demand and supply , where the control of government is nil , is referred to as free - market economy.

It helps to provide all the voluntary exchange occurring in the economy.

The range of the free market economy of a particular country , is present in between very large or completely black market.

Hence, from the given statement of the question,

The correct term is free - market economy.

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3 years ago

Fresh Veggies, Inc. (FVI), purchases land and a warehouse for $490,000. In addition to the purchase price, FVI makes the followi

Airida [17]

Answer:

$555,900

Explanation:

To determine the FVI amount that should be recorded, all closing costs must be added to the initial purchase price of the land

∴ = $490,000 + $29,000 + $1,900 + $6,000 + $29, 000

=$555,900.

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3 years ago

If the price of jelly goes up by 10 percent, we observe a decrease in the quantity demanded of peanut butter of 20 percent. the

Sedaia [141]

Cross price elasticity refers to the measure of responsiveness of the quantity demanded of a product to a change in price of another good.
From the question given above,
cross price elasticity = -20% / 10% = -2.
The cross price elasticity for the goods above is - 2. Which means that the goods are not substitutes.
A positive cross price elasticity which is greater than zero means that the goods are substitutes.

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3 years ago

Which of the following is true about presentation methods for providing training? Audiovisual techniques are most effective when

otez555 [7]

Answer:

The best answer for this question would be: Webcasting involves classroom instructions that are provided online through live broadcasts.

Explanation:

The other answers are incorrect because:

Audiovisual techniques are most effective when combined with other training strategies to provide context and opportunity for the learners to practice what they have learned.

Mobile technologies do not include simulation, case, studies, and on-the-job training.

The best people to be trained through teleconferencing would be those who are working from an office position, though not located in the same area as the training provider.

Classroom instruction is still a popular training method, because it's relative ease of access compared to other methods.

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2 years ago

John works for a consumer products company. His job is to use information to identify and define marketing opportunities, evalua

katovenus [111]

Answer:

The correct answer is marketing research.

Explanation:

Marketing research is the process that includes the actions of identification, collection, analysis and dissemination of information with the purpose of improving marketing decision making. Its implementation occurs basically for two reasons: (1) to solve problems, for example, determine the potential of a market; and / or (2) to identify problems, for example, to know why a product does not have the expected consumption. In essence, it seeks to meet the customer thus complying with the first premise of marketing.

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3 years ago