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3 years ago

What type of budget is used to forecast income and expense for ongoing business operations?

Business

1 answer:

Kruka [31]3 years ago

4 0

Answer:

The correct answer is: Operating budget.

Explanation:

An operating budget is an estimate a business make of the expenses and revenue it plans to book in its ongoing operations. Operating budgets can also be used to forecast future operating corporate periods. This type of budget mainly includes the number of sales expected in dollars, fixed and variable costs as well as operating expenses such as loan payments or depreciation.

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the process of using information to link customers, consumers, and the public to the marketer is referred to as _____.

Olegator [25]

Answer:

the process of using information to link customers, consumers, and the public to the marketer is referred to as marketing Research!!

go for it!!

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3 years ago

An insurance company has offered your friend the choice of $45,000 per year for 15 years, with the first payment being made toda

TiliK225 [7]

Answer:

$427,011.92

Explanation:

We use the present value formula i.e to be shown in the attached spreadsheet

Given that,

Future value = $0

Rate of interest = 7.5%

NPER = 15 years

PMT = $45,000

The formula is shown below:

= -PV(Rate;NPER;PMT;FV;type)

And, in type we write the 1 instead of 0

So, after solving this, the present value is $427,011.92

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4 years ago

Determine how each scenario impacts the capital stock, including the effect of depreciation, if applicable. a. A salesperson dro

mars1129 [50]

Answer:

the answer is B.)

Explanation:

3 0

3 years ago

Oriole Company bought equipment for $420000 on January 1, 2021. Oriole estimated the useful life to be 4 years with no salvage v

morpeh [17]

Answer:

$63,000

Explanation:

Straight line method charges a fixed amount of depreciation for the period the asset is used in the business.

Depreciation Expense = (Costs - Salvage Value) ÷ Estimated useful life

therefore,

2021

Depreciation Expense = $420000 ÷ 4 = $105,000

2022

One month has already expired, therefore the remaining useful life out of 6 years will be 5.

New Depreciable Amount = Cost - Accumulated depreciation to date

= $420,000 - $105,000

= $315,000

Depreciation expense = $315,000 ÷ 5 = $63,000

Conclusion :

the revised depreciation expense for 2022 is $63,000

6 0

3 years ago

The budget director for Kanosh Cleaning Services prepared the following list of expected selling and administrative expenses. Al

Svet_ta [14]

Answer:

Explanation:

c. Determine the amount of prepaid insurance the company will report on its pro forma balance sheet at the end of the fourth quarter.

The answer is 5400 because "at the end of the 4th quarter is only consists of 3 months (oct-dec). By taking the total amount you paid for all 6 months minus what you have to pay for 3 months.

3 0

3 years ago