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suter [353]
2 years ago
8

Which of the following is the last step in creating a budget?

Business
2 answers:
Sergio [31]2 years ago
8 0

Appealing towards office chief of certain management.

Rufina [12.5K]2 years ago
6 0

Set savings and debt payoff goals


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Capacity management, denominator-level capacity concepts. Match each of the following numbered descriptions with one or more of
arsen [322]

Answer:

1. Theoretical and Practical capacity: Measures the denominator level in terms of what a plant can supply

2. Theoretical capacity: Is based on producing at full efficiency all the time.

3. Master-budget capacity utilization: Represents the expected level of capacity utilization for the next budget period.

4. Normal and Master-budget capacity: Measures the denominator level in terms of demand for the output of the plant.

5. Normal capacity utilization: Takes into account seasonal, cyclical, and trend factors.

6. Master-budget capacity utilization: Should be used for performance evaluation in the current year.

7. Theoretical capacity: Represents an ideal benchmark.

8. Theoretical and Practical capacity: Highlights the cost of capacity acquired but not used.

9. Master-budget capacity utilization: Should be used for long-term pricing purposes.

10. Normal and Master-budget capacity: Hides the cost of capacity acquired but not used.

11. Theoretical and Practical capacity: If used as the denominator-level concept, would avoid the restatement of unit costs when expected demand levels change.

Explanation:

Capacity is the maximum level of output that an organization can optimally sustain, to produce goods or provide service to meet it's customer demands.

The denominator-level capacity is a concept used under the capacity management. Denominator-level capacity concept is used to ascertain the capacity level that is considered for analyzing a production process or business operations. They are classified as follows;

i. Normal capacity utilization is based on the level of capacity utilization which satisfy the average customer demand periodically such as trend, cyclical and seasonal factors.

ii. Master-budget capacity utilization is based on the level of capacity expected for the current budget period, typically a year.

iii. Theoretical capacity is the denominator-level concept based on producing continuously at full efficiency.

iv. Practical Capacity is based on the level of capacity that involves unavoidable operating interruptions, such as scheduled equipment maintenance or repair time, holiday shutdowns etc.

7 0
3 years ago
You run a nail salon. Fixed monthly cost is $5,518.00 for rent and utilities, $6,014.00 is spent in salaries and $1,613.00 in in
Liono4ka [1.6K]

Answer:

With 266 costumers it is indifferent where the nail salon is located.

Explanation:

Giving the following information:

Fixed monthly cost is $5,518.00 for rent and utilities

$6,014.00 is spent on salaries.

$1,613.00 in insurance.

Every customer requires approximately $4.00 in supplies.

You charge $120.00.

New location:

Fixed costs in rent and utilities= $11,401

Salaries= $6,716.00

Insurance to $2,203.00 per month.

The cost of supplies will increase to $7.00 per service.

Selling price= $150.00 per service.

Gross profit old location= Contribution margin*Q - fixed costs

Gross profit old location= (120-4)*Q - 13145

Gross profit new location=Contribution margin*Q - fixed costs

Gross profit new location= (150-7)*Q - 20320

116*Q-13145= 143*Q - 20320

7175=27*Q

Q=265.74074 = 266costumers

8 0
2 years ago
True or False Question
Len [333]

Answer:

true

Explanation:

jhonny sins approved this message

3 0
2 years ago
Read 2 more answers
Gilbert's expects its September sales to be 20% higher than its August sales of $150,000. Manufacturing costs were $100,000 in A
sveticcg [70]

Answer:

$61,500.

Explanation:

Given that,

Beginning cash balance on September 1 = $7,500

Cash receipts from credit sales made in August:

= $150,000 × 70%

= $105,000

Cash receipts from credit sales made in September:

= ($150,000 × 1.20) × 30%

= $54,000

Cash disbursements from purchases made in August:

= $100,000 × 75%

= $75,000

Cash disbursements from purchases made in September:

= $120,000 × 25%

= $30,000

Ending cash balance September 30:

= Beginning cash balance + Cash receipts from credit sales made in August + Cash receipts from credit sales made in September - Cash disbursements from purchases made in August - Cash disbursements from purchases made in September

= $7,500  + $105,000  + $54,000  - $75,000  -  $30,000

= $61,500.

6 0
3 years ago
What function of the management process is used to monitor and ensure the organization is meeting its​ goals? A. Controlling B.
Andrews [41]

Answer: Controlling

Explanation:

Controlling is a management process which involves comparing the outcome of an organization's processes to the targets set for those processes beforehand, and taking corrective measures in case the outcome is deviating from the set targets. For example, a manager of a business running at a loss, can identify the cause of the loss and find ways of correcting the negative outcome.

5 0
3 years ago
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