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jeka57 [31]
4 years ago
14

Which of the following is the correct order for the preparation of the listed budgets? A) Budgeted income statement, sales budge

t, cash budget B) Cash budget, capital acquisitions budget, direct labor budget C) Sales budget, direct material purchases budget, budgeted income statement D) Direct labor budget, sales budget, budgeted income statement
Business
1 answer:
konstantin123 [22]4 years ago
8 0

Answer:

The correct option is C,sales budget, direct material purchases budget, budgeted income statement

Explanation:

Te correct order in preparing budgets is to first of all have a sales forecast based on information on previous years' sales figures as well as looking at the future economic outlook.

When sales forecasts are made based on educated guess,the sales budget is prepared using the most appropriate selling price  per unit.

Thereafter,based on the number of units planned for sales,the required materials needed to accomplish the sales level is forecast,hence direct material purchases budget is prepared with informed unit cost of material.

Lastly,the income statement which encompasses both revenue from sales budget in addition to costs from direct materials purchase budget is finalized.

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A local electricity - generating company has a monopoly that is protected by an entry barrier that takes the form of:________. a
lisov135 [29]

Answer:

a. economies of scale.

Explanation:

Local electricity companies generally have natural monopolies resulting from both economies of scale and/or control of natural resources. Economies of scale refers to the average total costs decreasing as the total output generated by the company increases. For example, it is extremely expensive to generate electricity for 1 single home, but the average total cost for generating electricity for 1 million homes is very low. Generally utilities are monopolies because it is very expensive to set and start operating the company, but once it is operating its average costs per consumer are very low.

4 0
3 years ago
Pot Co. holds 90% of the common stock of Skillet Co. During 2018, Pot reported sales of $1,120,000 and cost of goods sold of $84
dangina [55]

Answer:

Consolidated sales                                                                $1,400,000

Consolidated cost of goods sold                                          $966,000

Explanation:

The consolidated sales and cost of sales of the Pot Group shall be determined through the following mentioned method:

                                             Pot Co         Skillet Co            Consolidated Figures

Sales                                 $1,120,000      $420,000            $1,540,000

Less:Intra group sales                                                           ($140,000)

Consolidated sales                                                                $1,400,000

Cost of sales                    $840,000       $252,000             $1,092,000  

Less:Intra group cost of sales                                               ($140,000)

Add:Unrealized profit on intra group sales                          $14,000

(140,000*40%*25%)

Consolidated cost of goods sold                                          $966,000

7 0
3 years ago
After a foreclosure of an fha insured loan, the lender will receive compensation in the form of?
Nostrana [21]

Lenders who foreclose on FHA-insured loans are compensated with the outstanding sum plus expenses.

<h3>What is a loan with FHA insurance?</h3>

An FHA-approved lender offers a mortgage loan that is guaranteed by mortgage insurance from the US Federal Housing Administration. Lenders are safeguarded from losses through FHA mortgage insurance. A government-backed mortgage that is insured by the Federal Housing

Administration is known as an FHA loan. FHA home loans are particularly well-liked by first-time homeowners since they have lower minimum credit score requirements and down payments than many conventional loans. Lenders are safeguarded from losses through FHA mortgage insurance.

If a property owner defaults on their mortgage, we'll pay a claim to the lender for the unpaid principal sum. Lenders are able to provide more mortgages to homebuyers because they are taking on less risk.

To learn more about FHA-insured loan, refer to:

brainly.com/question/24168197

#SPJ4

6 0
2 years ago
Project teams are formed to Multiple Choice take on "one-time" tasks that are often complex and require input from members with
AlladinOne [14]

Answer:

take on "one-time" tasks that are often complex and require input from members with different types of training and expertise.

Explanation:

Project management can be defined as the process of designing, planning, developing, leading and execution of a project plan or activities using a set of skills, tools, knowledge, techniques and experience to achieve the set goals and objectives of creating a unique product or service.

Generally, projects are considered to be temporary because they usually have a start-time and an end-time to complete, execute or implement the project plan.

The fundamentals of Project Management includes;

1. Project initiation

2. Project planning

3. Project execution

4. Monitoring and controlling of the project

5. Adapting and closure of project.

Basically, it is very important and essential that project managers in various organizations, businesses and professions form a project team, so as to successfully achieve their aim, objectives and goals set for a project.

A team can be defined as a group of people or set of individuals with various skill set, knowledge and experience coming together to work on a project or task in order to successfully achieve a set goal and objective.

Hence, project teams comprises individuals or group of people that come together as a unit to take on "one-time" tasks that are generally considered to be often complex and as such would require input from members with different types of training, skills, knowledge competence and expertise.

4 0
3 years ago
During a recession, a number of workers have their hours reduced by their employers. All else the same, the unemployment rate wi
iogann1982 [59]

Answer:

<h2>The answers in this case are <u>will remain unchanged</u> and <u>will remain unchanged </u> respectively.</h2>

Explanation:

  • In this case,due to a recession the overall hours of work worked by individual employees or staff are reduced by the employers.
  • Now,note that it has been mentioned that everything else or every other factor or component in the economy is constant in the economy and thus,unaffected by the recession.
  • Therefore,it can be reasonably assumed that the unemployment rate will remain the same as there has not been any worker expulsion or layoffs as a result of the recession based on the information provided in the question.
  • Furthermore,the labor force participation will also presumably remain unchanged as there has been no change in the existing working or employed labor force and/or in the overall population level based on the information presented.
8 0
3 years ago
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