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3 years ago

What is an appropriate budgeting question

1 answer:

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1. What are my goals?
2. How much do I need to save?
3. What are my expenses?
4. How will I stay on track?
5. How can I include unexpected expenses?
Pick whichever you'd like :)

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Two carpenters at a cabinet company are interested in receiving a raise in salary. Matt has worked for many years at the company

son4ous [18]

Answer:

Explanation:

Jason will get the raise because even though he is new he works hard like he's been there for years. Matt will not get it because even though he has worked there for a while he doesn't do his job good.

Explanation:

5 0

2 years ago

Read 2 more answers

Based on the following data, what is the amount of current assets? Accounts payable……………………………………………………….. $62,000 Accounts rece

Vlad1618 [11]

Answer:

The amount of current assets are $252,000

Explanation:

Current assets: The current assets are those assets who are converted into cash within one year. Like - accounts receivable, cash, inventory, prepaid insurance, etc.

The total amount of the current assets are shown below:

= Accounts receivable + Cash + Inventory + Short-term investments + Prepaid insurance

= $100,000 + $70,000 + $80,000 + $2,000

= $252,000

The other items represent current liabilities, long term liabilities, intangible assets, and the fixed assets so, we do not consider them in the computation part.

4 0

3 years ago

Market pressures tend to move prices toward a(n) _____. price that causes shortages price that causes surpluses equilibrium pric

torisob [31]

Equilibrium would be the answer

8 0

3 years ago

Read 2 more answers

The centralized computer technology department of Hardy Company has expenses of $320,000. The department has provided a total of

Irina-Kira [14]

Answer:

Retail Division $480,000

Commercial Division $30,000

Explanation:

To measure divisional income consider only those items attributable to a particular division.

Retail Division

Sales 2,150,000

Less Cost of Sales (1,300,000)

Controllable Contribution 850,000

Less Controllable Fixed Cost :

Selling expenses (150,000)

Allocated Central Cost (2,750/4,000×$320,000) (220,000)

Divisional Profit Contribution 480,000

Commercial Division

Sales 1,200,000

Less Cost of Sales (800,000)

Controllable Contribution 400,000

Less Controllable Fixed Cost :

Selling expenses (150,000)

Allocated Central Cost (1,250/4,000×$320,000) (220,000)

Divisional Profit Contribution 30,000

8 0

3 years ago

Corris Co. accumulates the following data concerning a mixed cost, using miles as the activity level. Miles Driven Total Cost Ja

Sedbober [7]

Answer:

Variable cost per unit= $1.5

Fixed costs= $2,000

Explanation:

Giving the following information:

Miles Driven Total Cost

January 10,000 $17,000

February 8,000 13,500

March 9,000 14,400

April 7,000 12,500

To calculate the variable and fixed costs under the high-low method, we need to use the following formula:

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (17,000 - 12,500) / (10,000 - 7,000)

Variable cost per unit= $1.5

Fixed costs= Highest activity cost - (Variable cost per unit * HAU)

Fixed costs= 17,000 - (1.5*10,000)

Fixed costs= $2,000

Fixed costs= LAC - (Variable cost per unit* LAU)

Fixed costs= 12,500 - (1.5*7,000)

Fixed costs= $2,000

5 0

3 years ago