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3 years ago

In developing a flexible budget within a relevant range of activity,

Business

1 answer:

gladu [14]3 years ago

6 0

Answer: d. it is necessary to relate variable cost data to the activity index chosen

Explanation:

The activity index shows how various activities have an impact on the cost of production.

When developing a flexible budget within a relevant range of activity, ome must relate variable cost data to the activity index chosen to ensure that it is indeed variable.

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Blue Spruce Corp. reported net income of $194,740 for 2022. Blue Spruce Corp. also reported depreciation expense of $36,900 and

Svetlanka [38]

Answer:

Blue Spruce Corp

Statement of Cash Flows for the year ended December 31, 2022

Operating activities section:

Net income $194,740

add non-cash flow items:

Depreciation expense 36,900

Loss on disposal of plant assets 54,030

Adjusted operating income $285,670

Working capital changes:

Increase in accounts receivable (15,650)

Increase in accounts payable 15,880

Increase in prepaid expenses (4,250)

Net cash from operating activities $281,650

Explanation:

a) Data and Calculations:

Reported 2022 net income = $194,740

Depreciation expense = $36,900

Loss on disposal of plant assets = $54,030

Increase in accounts receivable = $15,650

Increase in accounts payable $15,880

Increase in prepaid expenses $4,250

b) The operating activities section is one section of the Statement of Cash Flows. It shows the cash inflows and outflows from Spruce's normal business activities. Other sections of Spruce's Statement of Cash Flows that show activities outside operating activities are the investment activities section and financing activities.

7 0

3 years ago

Assume a firm's production process requires an average of 80 days to go from raw materials to finished products and another 40 d

MaRussiya [10]

Answer:

(C) 110 days

Explanation:

The computation of the operating cycle is shown below:

= Average days of process from raw materials to finished products + another days before the finished goods are sold + average days of accounts receivable - average days of accounts payable

= 80 days + 40 days + 70 days - 80 days

= 110 days

While calculating the operating cycle we add the inventory days, accounts receivable and deduct the account payable days.

6 0

3 years ago

One problem with the consumer price index stems from the fact that, over time, consumers tend to buy larger quantities of goods

BigorU [14]

Answer:

SUBSTITUTION BIAS

Explanation:

Substitution bias occurs when a customer decides to purchase a substitute of a good after the prices becomes cheaper than the goods they normally purchase. It rises as a problem in price index due to the fact that customers/buyers can decide to change or substitute goods at an instant because of changes in prices. In situations like this, customers tend to avoid the whole increase in prices by changing to cheaper substitutes. Substitution generally is a consumer changing or substituting an expensive product for a cheaper one due to changes in prices. This usually leads to inflation rate been overestimated or overstated.

4 0

3 years ago

An international distribution company has a shipping division, a warehouse division, and a computer hardware and software distri

TiliK225 [7]

Answer: Chain of command

Explanation:

The chain of command is one of the type of official organizational hierarchy in which the various types of relationship are establishing the accountability and the power for making the various types of decisions.

The chain of command is basically responsible for filing various types of issues or complaints in an organization for the employees or workers.

According to the given question, the salesperson is experiencing the issue with the chain of command as salesperson is working in the shipping department and the company's accounting department told him to turn his weekly account of the expenditure.

Therefore, Chain of command is the correct answer.

3 0

3 years ago

The prevailing budget philosophy prior to Keynes called for a balanced budget. Keynes argued that the government should not bala

shepuryov [24]

The period which Keynes argued that the government should not balance its budget but instead have budget DEFICITS was during:

D. Economic recessions.

According to the given question, we are asked to show the period which Keynes argued that the government should not balance its budget but instead have budget DEFICITS.

As a result, we can see that Keynes, one of the fathers of economics stated that it was important for the government to have budget deficits so that they could adequately navigate through the economic recessions at that periiod.

Therefore, the correct answer is option D

Read more about Keynesian Economics here:

brainly.com/question/14223529

4 0

2 years ago