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I am Lyosha [343]
3 years ago
9

What is the difference between a budget and a standard?

Business
1 answer:
cricket20 [7]3 years ago
5 0

Answer:

B

Explanation:

Standard is used for unit projection and unit prices of a product, while Budget is used for total projection in both price and Total units of a product.

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The Supplies account had a balance at the beginning of year 3 of $8900 (before the reversing entry). Payments for purchases of s
Alex787 [66]

Answer:

supplies expense 47,300 DEBIT

  supplies   47,300 CREDIT

Explanation:

$$Beginning Inventory + Purchase = Ending Inventory + supplies Expense

8,900 + 53,300 = 14,900 + supplies expense

8,900 + 53,300 - 14,900 = supplies expense

supplies expense = 47,300

Beginning and Purchase will be the supplies available during the period.

this supplies can be used or stored.

if the stored are 14,900 then the diference was used.

4 0
4 years ago
Jennifer purchased a prepaid card for transit fares and highway tolls. what kind of card did she purchase?
scoundrel [369]
<span>It's a stored value card. This is a type of card that is credited or stored with certain amount of money for specific purposes. The amount saved in the stored value does not reflect in Jennifer's checking account, so even if by any means she is robbed or misplaces the card, her personal savings will still be intact.</span>
4 0
3 years ago
During June, Busy Beaver bought $5,000 of office supplies on account, and promised to pay the vendor the full amount in July. At
anygoal [31]

Answer:

$3,000.

Explanation:

Existences of supplies from previous month: $0

Bought supplies during June: $5,000

Supplies unused ar the end of June: $2,000

Supplies used during June = Existences of supplies from previous month + Bought supplies during June - Supplies unused ar the end of June

Supplies used during June = $0 + $5,000 - $2,000

Supplies used during June = $3,000

The adjusting entry to record an accrued expense is:

Debit to Supplies expense account  (increases of expense)

Credit to Supplies stocks account (decreases of asset)

4 0
4 years ago
Crossroad Corporation is trying to decide whether to invest to automate a production line. If the project is accepted, labor cos
Harlamova29_29 [7]

Answer:

The incremental revenue the company gets is:

= Labor cost decrease - Other cash increase

= 753,000 - 216,000

= $537,000

Depreciation = 105,000/ 9

= $11,667

Annual Cashflows (Year 1 - 9)

= (Incremental revenue - Depreciation) * ( 1 - tax) + Depreciation

= (537,000 - 11,667) * (1 - 34%) + 11,667

= $‭358,386.78‬

Cashflow in year 0

= Cost of equipment + Investment in net working capital

= -105,000 - 24,000

= -$129,000

3 0
3 years ago
You have a just been hired by a firm in a large city the organization has two locations with office buildings of four stories or
Nitella [24]

Answer:

Hello audience, i am cool. i know hwere to go. introduce me to this scity

Explanation:

5 0
3 years ago
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