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Advocard [28]
3 years ago
12

The master budget is a.typically for a 1-year period corresponding to the fiscal year of the company. b.the selective financial

plan for the organization as a whole. c.used for misinformation and coordination. d.broken down into daily and weekly budgets. e.All of these choices are correct.
Business
1 answer:
saul85 [17]3 years ago
5 0

Answer:

a) 1-year period corresponding to the fiscal year of the company.

Explanation:

The master budget is perhaps the most important planning tool that top management has at its disposal when deciding the actions of the organization.

The master budget consists of the sum of all the budgets from the different functional areas of the company (for example, the budget of the production department, plus the budget of the finance department, and so on), and also includes financial statements, and a statement of expected cash flows into the company.

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3 years ago
What is the average inventory of a business that turns over inventory 10.0 times a year and has a cost of goods sold of $300,000
Nataly [62]

What is the average inventory of a business that turns over inventory 10.0 times a year and has a cost of goods sold of $300,000?

a. $30,000

b. $ 3,000

c. $ 3,000,000

d. $300,010

Inventory is a collection of finished goods or items for manufacture held by a company for business purposes. The company could sell the inventory for profit. That means the products are finished and ready for selling as they are. Alternatively, the company could supply the goods to partner companies for further manufacturing. The products are then transformed or combined to become a different product. It depends on where the company is in the supply chain. Inventory is classed as a company asset. You note it as such on your balance sheet. The costs associated with buying, storing and selling inventory are tax-deductible expenses. The gross profit from the sale of inventory must be declared on your tax return as income. Making note of the expenses you incur from the inventory can lower your income tax amount.

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1 year ago
Boiler rooms with slick telemarketers offered full physicals for a little or no fee. this free diagnostic service turned out to
scoundrel [369]
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3 years ago
Which Of The Following Page Titles Would Be Most Suitable For A Website Page Describing A Store’s Return Policy?
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Answer:

b. Company Name's Return Policy

Explanation:

In E commerce, A good refund or return policy can help protect your company and win your customers’ trust, but making sure your language is clear and concise is extremely important.

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3 years ago
Overton Enterprises is converting to an activity-based costing system. It wishes to depict the various activities in its manufac
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The correct answer is the option B: Activity relationship charts (ARCs).

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To begin with, <em>''activity-based costing system''</em> is the name that receives a costing method that focuses in the identification of activities and proper assignment of the them to the products and services according to the actual consumption by each. Moreover, the main purpose of this model is to assign more indirect costs into direct costs.

To continue, the<em> ''activity relationship chart'' </em>is a tabular that displays the closeness rating among all pairs of activities and therefore that this tool is the most suitable for the company to accomplish the task of converting into an activity-based costing system.

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