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3 years ago

Budgeting competency requires the ability to:__________

Business

1 answer:

Sever21 [200]3 years ago

5 0

Answer:

d. All of the above

Explanation:

A budget can be defined as a financial plan of estimated revenues, resources and expenses over a specific period of time in a particular country. It is usually reevaluated based on future plans and objectives periodically, typically on an annual basis. Thus, budgets are usually compiled, analyzed and re-evaluated on periodic basis.

Budgeting competency requires the ability to:

a. Define the production system.

b. Quantify expected operations in dollars.

c. Analyze actual results considering the budget to determine where costs were better or worse than expected.

Additionally, the first step of the budgeting process is to prepare a list of each type of income and expense that will be part of the budget.

The final step by the management of an organization in the financial decision making process is making necessary adjustments to the budget.

<em>The benefits of having a budget is that it aids in setting goals, earmarking revenues and resources, measuring outcomes and planning against contingencies. </em>

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In a fuel economy study, each of 3 race cars is tested using 5 different brands of gasoline at 7 test sites located in different

romanna [79]

Answer:

210

Explanation:

The number of race cars = N₁ = 3
The number of gasoline brands = N₂ = 5
The number of test sites = N₃ = 7
The number of drivers that participated = N₄ = 2

This study must include each N₁, and it has to be done at each N₃, using each N₂, while carried out by each N₄ ⇒ that means that the total number of possibilities:

N₁ x N₃ x N₂ x N₄ = 3 x 7 x 5 x 2 = 210

The total number of test runs is 210.

4 0

3 years ago

What is the relashionship between reserve ratio and interest rate spread

Hoochie [10]

Answer:

The higher the reserve requirement is set, the less the amount of funds banks will have to loan out, leading to lower money creation. Alternatively, the higher the reserve requirement the, lower the supply of loanable funds, the higher the interest rate and the slower the resulting economic growth.

Explanation:

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8 0

2 years ago

The Tital Company adopts dollar-value LIFO inventory on 12/31/19 when its inventory at current price is $45,000. The inventory v

almond37 [142]

Answer:

b. $51,500

Explanation:

The correct answer is $51,500 which is b.

$45,000 * 30% = $13,500

This amount is then deducted from $65,000

$65,000 - $13,500 = $51,500.

LIFO is method of calculating the value of inventory in which all the units are valued.

LIFO stands for Last In First Out, which means the unit purchased the last will be sold first. In case of rising prices of inventory LIFO gives lower profits due to higher costs being charged for the units sold against the sale price which lowers the profit ultimately.

7 0

3 years ago

Company XYZ closed at $ per share with a P/E ratio of . Answer the following questions. a. How much were earnings per share?

uysha [10]

Answer:

Hello your question is incomplete below is the complete question

Company XYZ closed at $53.02 per share with a P/E ratio of 14.02 .

Answer :

A) $3.79

B) underpriced

Explanation:

Given data:

Closing price ( price per share ) = $53.02

P/E ratio = 14.02

A ) How much earnings per share

Earnings per share = price per share / (P/E) ratio

= 53.02 / 14.02 = $3.79

B) To check if the stock is overpriced, underpriced or about right

i) At P/E ratio = 12

Earnings per share = 53.02 / 12 = $4.43

Earning yield = ( earning per share / market value ) * 100

= ( 4.43 / 53.02 ) * 100 = 8.33%

ii) At P/E ratio = 13

Earnings per share = 53.02 / 13 = $4.09

Earning Yield = ( earning per share / market value ) * 100

= (4.09 / 53.02 ) * 100 = 7.69%

iii) At P/E ratio = 14

Earnings per share = 53.02 / 14 = $ 3.8

Earnings yield = ( earning per share / market value ) * 100

= ( 3.8 / 53.02 ) * 100 = 7.14%

The average of the earning yield given P/E ratio is 12-14

= ( 8.33 + 7.69 + 7.14 ) % / 3 = 7.72%

while The earning yield given P/E ratio is 14.02

= ( earning per share / market value ) * 100

= ( 3.79 / 53.02 ) * 100 = 7.12%

Therefore the stock is underpriced

4 0

3 years ago

1. Monroe Company owns 40% of the voting stock of Nartal Industries, acquired at book value. Nartal reports income of $600,000 f

lesya692 [45]

Answer:

A. $230,400

Explanation:

600,000 x 40% = 240,000

260,000 - 156,000 = 104,000 transfers of goods intra-entity at sale price

we divide by the markup to know the cost:

104,000 / 1.3 = 80,000 cost of the goods

gross margin 104,000 - 80,000 = 24,000

we will eliminate 40% of the gross margin

24,000 x 40% = 9,600

This amount will be eliminate from the incoem statemnet:

240,000 - 9,600 = 230,400

7 0

3 years ago