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3 years ago

The budgeting process does not involve which of the following activities?

Business

1 answer:

Vera_Pavlovna [14]3 years ago

8 0

Answer:

Increase in sales by increasing marketing efforts.

Explanation:

A budget can be defined as a financial plan which is used to make an estimate of the amount of amount that goes in and comes out. It can also be described as a financial plan that controls expensenses, resources, debts within a specific period of time.

Budgeting is carried out inorder to maintain and control an individual or an organization income so as to avoid wastage of resources. Budgeting keeps an individual or organization focused on achieving their different goals and objectives.

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How would utility costs be properly classified? Select one: A. Curvilinear B. Fixed C. Variable D. Stepped E. Mixed

ANTONII [103]

Answer: Mixed

Explanation:

Here is the complete question:

Max Machining incurs the following utilities costs at different levels of production:

0 units: $120

500 units: $2,620

1,000 units: $5,120

How would utility costs be properly classified?

A) Curvilinear

B) Variable

C) Mixed

D) Fixed

E) Stepped

The utility cost here will be classified as a mixed cost. A mixed cost is a type of cost that has both fixed and variable cost. At 0 units, $120 was already spent. This shows that this cost is a fixed cost as it doesn't have anything to do with output. It'll still be paid regardless of the number of outputs while the other cost incurred are variable cost which is dependent on the number of outputs of goods.

Based on the explanation above, the answer is mixed cost.

3 0

3 years ago

Engler Company purchases a new delivery truck for $55,000. In addition, the sales taxes are $4,000. Engler also paints on the lo

uysha [10]

Answer:

$61,390

Explanation:

Calculation to determine What does Engler record as the cost of the new truck

Using this formula

Cost of new truck=Purchase price+Sales tax, painting +Logo on the side of the truck +Safety testing +Tune up and oil change

Let plug in the formula

Cost of new truck=$55,000 + $4,000 + $1,600 + $290 +$500

Cost of new truck= $61,390

Therefore what Engler will record as the cost of the new truck is $61,390

6 0

3 years ago

20 out of 45 men surveyed liked beef. What percentage of men did NOT like beef? (Round up to nearest %.)

Juliette [100K]

I'm not a mathematician but I'm going to go out on a limb here and say 44%!

6 0

3 years ago

On July 1, 2019, Noble, Inc. issued 9% bonds in the face amount of $10,000,000, which mature on July 1, 2025. The bonds were iss

gladu [14]

Answer:

$322,400

Explanation:

Calculation for At June 30, 2021, Noble's unamortized bond discount

First step is to calculate unamortized bond for 2019-2020

Unamortized bond 2019-2020= $9,560,000 + [($9,560,000 × .1) - ($10,000,000 × .09)]

Unamortized bond 2019-2020=$9,560,000 + [($9,560,000 - $900,000)]

Unamortized bond 2019-2020=$9,560,000 + $56,000

Unamortized bond 2019-2020= $9,616,000

Second step is to calculate Unamortized bond for 2020-2021

Unamortized bond 2020-2021= $9,616,000+ [( × $9,616,000.1) - ($10,000,000 × .09)]

Unamortized bond 2020-2021=$9,616,000 + ($961,600 - $900,000)

Unamortized bond 2020-2021 = $9,677,600

Now let calculate unamortized bond discount

Unamortized bond discount =$10,000,000 - $9,677,600

Unamortized bond discount = $322,400

Therefore At June 30, 2021, Noble's unamortized bond discount should be $322,400

4 0

3 years ago

Supervisors counting cash receipts daily is an example of:.

netineya [11]

Answer:

Independent internal verification

Explanation:

3 0

2 years ago