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valkas [14]
3 years ago
15

In preparing a budgeted balance sheet, the dollar amount of Accounts Receivable can be derived from: Multiple Choice The purchas

es budget and schedule of cash payments. The sales budget and the schedule of cash receipts. The capital expenditures budget and purchases budget. The budgeted income statement and budgeted balance sheet.
Business
1 answer:
Fittoniya [83]3 years ago
8 0

The sales budget and the schedule of cash receipts.

Option B.

<u>Explanation:</u>

Account receivable is the account which consists of the amount that is to be received by a firm for the goods and the services that have been delivered to the customers but the amount and the payment has not yet been received by the firm for the same.

The amount of money that is still to be received can be derived from the accounts having the sales that is done by the firm to the clients.

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In your own words, what are the strengths and
german

Answer:

<em><u>Advantages</u></em>

<em><u>Helps in Scheduling </u></em><em><u>:</u></em><em><u> </u></em>

One of the greatest benefits of forecasting is that it helps the manager to prepare for the organization's future. Currently, planning and forecasting go hand in hand. We will not prepare for it without an understanding of what the future holds for the business. Forecasting, therefore, plays a very significant role in planning.

<em><u>2) Changes to the Climate</u></em> :

Prognostics should be able to point out the potential environmental changes when performed correctly. This implies that it will allow the organization to benefit from such environmental changes. It can develop and grow its business if the changes are beneficial to the company. And it may intend and prepare to defend itself in adverse circumstances.

<em><u>3) Weak Spots </u></em><em><u>Detection</u></em><em><u>:</u></em>

Another benefit of forecasting is that it can help the manager find any weak points that the company may have or overlooked areas. When attention has been drawn to these areas, successful controls and preparation strategies to fix them can be put into practice by the manager.

<em><u>Disadvantages</u></em><em><u>:</u></em>

<em><u>1</u></em><em><u>) Factors Time and Cost </u></em>

There is usually a lot of data and knowledge needed to make structured forecasts. And, there is a lot of time and money involved in the processing and tabulation of such results. Another aspect is also the translation of qualitative data into quantitative data. One must be cautious that the forecasting time, resources, and effort expended must not overshadow the real benefits of such forecasts.

2) <em><u>Based on Forecasts </u></em>

Assumptions, approximations, natural conditions, etc are the basis of every forecasting system. This renders those predictions inaccurate. So, the inherent weaknesses of forecasting must always be kept in mind and everyone has to be careful about being over-reliant on them.

3) <em><u>Just Estimates </u></em>

The future will be unpredictable at all times. Even if the best methods of forecasting are used and every factor possible is accounted for a prediction is still just an estimation. With 100 percent effectiveness, one can never predict future events. So even the best-laid plans can be nothing at all. This will still be one of forecasting's greatest constraints.

Hope it helps.

5 0
3 years ago
Which of the following is NOT a way that the Fed controls the money supply?
Grace [21]

Answer:

A-Changing federal income tax rates

Explanation:

The Fed controls the money supply using monetary policy tools. Monetary policy is either expansionary or contractionary. The Fed chooses which policies to apply depending on the prevailing economic conditions.

Monetary policy tools available to the Fed include reserve requirements, interest on reserves, open-market operations, discount rates, and the federal fund rate.

The Fed does not set the federal income tax rates. Taxes are part of the fiscal policy applied by the executive arm of government. The government alters taxation to achieve desired macroeconomics objectives.

7 0
3 years ago
A new shop wants to sell Muffins, the sell price is 2.5 dollars per unit. The cost for production is 1 dollar per unit. At the f
FromTheMoon [43]

Answer:

The price went from 2.50 dollar per unit to 1.25

And quantity sold of first hand muffin increase from 500 to 1,600

Explanation:

First day:

We build the equation and solve considering:

a= first hand muffin sold at 2.5 dollar

b = left-over sold at 0.5 dollar

considering the shop made 2,000 muffin and the cost is 1 dollar per muffin:

quantities equation: a + b = 2,000

price equation: 2.5a + 0.5b = 2,000

2.5(2,000 - b) + 0.5b = 2,000

5,000 - 2.5b + 0.5b = 2,000

3,000/2 = b = 1,500

a = 2,000 - b = 2,000  - 1,500 = 500

It sale 500 dollar of muffin at 2.5 and 1,500 at 0.5 getting a total of 2,000 revenue to cover the cost.

Second day:

There is a decrease in price to 1.25 per muffin

This generates a profit of 400 dollar thus:

(sales price less cost) x quantity = profit

(1.25 - 1) x a = 400

a = 400/0.25 = 1,600

6 0
3 years ago
Some of the considerations you might use to analyze the data include
Semenov [28]
B characteristics of the children etc
6 0
3 years ago
Wember Catering uses two measures of activity, jobs and meals, in the cost formulas in its budgets and performance reports. The
hodyreva [135]

Answer:

$3,515

Explanation:

The computation of the catering supplies is shown below:

= Catering supplies per month + per job cost  × expected number of jobs + per meal cost  × expected number of meals

= $350 + $89 × 21 jobs + $9 × 144 meals

= $350 + $1,869 + $1,296

= $3,515

Since the question is asking for planning budget so we considered the expected units in terms of jobs and meals

8 0
3 years ago
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