Answer:
Items of the master budget in order of preparation:
b. Sales budget
f. Inventory, purchases, and cost of goods sold budget
g. Selling and administrative expense budget
c. Capital expenditures budget
e. Cash budget
d. Budgeted income statement
a. Budgeted balance sheet
Explanation:
In a master budget, the first is the sales budget. It forms the nucleus for the preparation of other budgets. The sales targets determine the production requirements. From the production, inventory, or purchase budgets, other budgets will be formed sequentially. All are directed at meeting the needs of customers as captured in the sales budget. Lastly, the financial statements budgets are prepared, which include the income statement and the balance sheet.
Answer:
125 birdhouses per month
Explanation:
Barney=150 birdhouses
Total product=150 birdhouses
If Barney hires Fred
Fred =125 birdhouses
Total product=150+125
=275 birdhouses
Marginal product can be defined as a change in output as a result of a change in variable inputs
It can be calculated as follows
Marginal product=change in total product/change in variable inputs
=275-150/1
=125/1
=125 birdhouses per month
Answer:
Check the explanation
Explanation:
In the past 30 years, there has been a move away from a time in which nationwide economies are comparatively self-sustained entities, a period of isolation through the barriers to trade and investment, and uncertainties in government policies and regulation, business systems, culture, moving in the direction of a world where challenges and barriers to global trade and investment are declining, cultures are uniting, and national economies all around the world are merging into an integrated, interdependent global economic system.
Considerable implications for British firms entail the need to plan beyond the market in Europe and America for investment and opportunities. The Consumer spending rate in developing countries is now growing most rapidly.
British firms now presented with the opportunity (and the threat) of drawing the attention of Asian firms interested in Britain as a launch pad to gain access to the very lucrative European market.
For the North American companies, the same is the case, even though the significance of the increasing prosperity in Latin America suggests a potentially huge market.
Answer: $0.79
Given:
C=Cost of the land: $1,981,300
S=Salvage value of the land: $267,000
N=Total number of ores mined= 2,170,000 tons
To get the depletion expense per ton of ore:
(C-S)/N
=($1,981,300-$267,000)/2,170,000
=1,714,300/2,170,000
=$0.79
Answer:
A. $2,900
Explanation:
The computation of the office supplies was purchased during the period is shown below:
= Office supplies expense for the year + ending balance - beginning balance
= $3,100 + $400 - $600
= $2,900
For determine the purchase of office supplies, we added the ending balance and deduct the beginning balance to the office supplies expenses incurred for the year