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Ann [662]
3 years ago
7

A master budget​ ________. A. is the initial plan of what the company intends to accomplish in the period and evolves from both

the operating and financing decisions B. improves​ companies' market capitalization and evolves from both the investing and financing decisions C. provides an ethical framework for decision making D. is a substitute for the management functions of planning and coordination
Business
2 answers:
Gala2k [10]3 years ago
8 0

Answer:

A) is the initial plan of what the company intends to accomplish in the period and evolves from both the operating and financing decisions

Explanation:

A master budget is important because it helps upper management to revise business plans and strategies. By using a master budget, upper management can determine what needs to be done in order to implement the company's plans or strategies.

The master plan of a company is the aggregation of all the budgets elaborated by the company's departments, units or lower level functional areas. One of the most important part of a master budget is the expected or budgeted financial statements, cash flows and financing requirements.  

The master budget serves as a guide that if followed properly (there should always be a small room for corrections) should help the company achieve its goals.

yaroslaw [1]3 years ago
4 0

Answer:

The correct answer is option D) A Master Budget is is a substitute for the management functions of planning and coordination.

Explanation:

A master budget is not the initial budget a company makes, It is the final budget that incorporates all other specific budgets such as financial budget, operational budget, production budget, marketing budget and ore.

It serves a central  planning tool that a management team uses to direct the activities of a company, set targets and execution strategy.

It also provides a framework to judge performance for respective departments.

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Nish Corporation has provided the following data for the month of April:
Fittoniya [83]

Answer:

Required 1

Schedule of Cost of Goods Manufactured

Raw Materials Cost                                               $41,000

Direct labor cost                                                   $23,000

Manufacturing overhead cost                             $59,000

Add Opening Work in process Inventory            $18,000

Less Closing Work in process Inventory           ($22,000)

Cost of Goods Manufactured                             $119,000

Required 2

Income Statement  for April.

Sales                                                                   $220,000

Less Cost of Goods Sold                                  ($132,000)

Gross Profit                                                          $88,000

Less Expenses

Selling expense                           ($18,000 )

Administrative expense              ($43,000)       ($61,000)

Net Income / (Loss)                                              $27,000

Explanation:

<u>Determination of Raw Materials Cost in Production</u>

Raw Materials T - Account

Debit :

Beginning Balance                                      $26,000

Raw materials purchases                            $50,000

Totals                                                            $76,000

Credit :

Ending Balance                                           $35,000

Work In Process (Balancing figure)             $41,000

Totals                                                            $76,000    

<u>Determination of Cost of Goods Sold</u>

Finished Goods Inventory T - Account

Debit :

Beginning  Finished goods Inventory                $42,000

Cost of Goods Manufactured                             $119,000

Totals                                                                    $161,000

Credit:

Ending Finished goods Inventory                      $29,000

Trading Account (Balancing figure)                   $132,000

Totals                                                                    $161,000

4 0
2 years ago
Every month Sam Tabor is assigned a different job at Russo &amp; Daughters Financial Consulting. Sam enjoys the task variety and
tino4ka555 [31]

Answer:

I think its rotation, im not sure

8 0
3 years ago
Stephanie is looking to replace her coffee maker that only makes four pots of coffee. She wants a coffee maker that produces mor
frutty [35]

Answer:

The size of the coffee maker describes a requirement characteristic when Stephanie purchases her coffee maker

Explanation:

Stephanie has a space constraint in her kitchen as well as output constraint with respect to the existing coffee maker,hence,in resolving the two issues she has opted a smaller coffee maker that can turn out more coffee pots.

In order to strike a balance between two opposing views,Stephanie could either create more to accommodate a bigger coffee maker or buys a smaller super-efficient coffee maker that is more expensive.

Without, I think Stephanie would prefer the latter suggestion

4 0
3 years ago
Actor Sissy Spacek once objected to a series of movie scenes that included her smoking a certain brand of cigarettes. She was pr
Fiesta28 [93]

Answer:

C.product placement.

Explanation:

This is a paid product message aimed at influencing movie (or television) audiences via the planned and unobtrusive entry of a branded product into a movie or television program.

8 0
3 years ago
The demand for money is the relationship between the quantity of money demanded and the​ _____, when all other influences on the
Maslowich

Answer:

The correct answer is letter "D": nominal interest​ rate; hold.

Explanation:

The demand of money refers to the amount of money people prefer to hold in cash instead of investment vehicles or assets. The demand for money is proportional to individuals' income and the interest rate. According to this approach, when the interest rates are higher, people prefer to invest. When interest rates fall, people prefer to hold cash.

Therefore, <em>the demand for money explains the relationship between the quantity of real money demanded and the nominal interest rate that people prefer to keep, remaining the same all other factors that influence the amount of money.</em>

5 0
3 years ago
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