The finances of businesses involve several things, including:
- Revenue and profit.
- Costs and expenses.
- Budgets.
<h3>What are some components of finance in business?</h3>
The financial aspect of a business is hugely important to the success of the business because it involves making a profit which is the sole purpose of business.
In order to be successful in business, one needs a good financial plan. This plan will predict the revenue that the company should be earning in order to make profit.
It should also include the various costs and expenses that the business will incur as it engages in business. This financial plan usually comes in the form of a budget which provides ideas on how a business should spend money.
Note: Question was incomplete so a general overview of business finance was given.
Find out more on business finance at brainly.com/question/1265337.
Answer:
$62,750
Explanation:
The computation of budgeted net income is shown below:-
Budgeted income = (Contribution Margin × Units produced and sold ÷ Units) - Manufacturing costs - Selling and administrative costs
= ($118,800 × 25,000 ÷ 27,000) - $29,700 - $17,550
= $110,000 - $29,700 - $17,550
= $62,750
Therefore for computing the Budgeted income we simply applied the above formula.
The correct option is (d).
- Choosing the best mutual funds by comparing performance of mutual funds against a benchmark index.
- Money market funds, bond funds, stock funds, and target date funds are the four primary categories into which most mutual funds fit.
- Each variety has unique characteristics, dangers, and benefits.
- The rate of return is subtracted from the risk-free rate of return for the investment, and the result is divided by the return on investment's standard deviation.
- The Sharpe ratio tells investors if an investment's results are the result of prudent investing decisions or an outcome with excessive risk.
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Answer:
Net Income for the Period is $41,018.
Explanation:
Emery Mining Inc.
Statement of Profit or Loss
Revenue $150,000
Operating Costs (75,500)
Depreciation (10,200)
Earnings Before Interest and Tax $64,300
Interest Expense (16,500*7.25%) (1,196)
Earnings Before Tax $63,104
Tax (35%) (22,086)
Earnings After Tax OR Net Income $41,018
Answer: Work in process
Explanation:
The work in process is basically refers to the work in the progress that helps in process the production of the products and the services.
The work in process is basically refers to the process inventory system that helps in managing the accounting period and also the cost is basically assigned for the inventory valuation.
According to the given question, the work in process is supported by the cost ledger that manages all the services with the client in the company. Therefore, Work in process is the correct answer.
Therefore, Work in process is the correct answer.
