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3 years ago

What is the first step in financial planning?

Business

2 answers:

Nuetrik [128]3 years ago

8 0

Answer: Analyzing the current situation

Explanation: I just took the test and this is the correct answer.

Amanda [17]3 years ago

6 0

DETERMINING YOUR OBJECTIVES FOR THE PLAN

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Use the following information to compute the cost of direct materials used for the current year. Assume the raw materials invent

gayaneshka [121]

Answer:

Direct material used= $123,600

Explanation:

Giving the following information:

January 1 December 31

Inventories

Raw materials inventory $8,900 $11,300

Materials purchased $126,000

<u>To calculate the direct material used, we need to use the following formula:</u>

Direct material used= beginning inventory + purchases - ending inventory

Direct material used= 8.900 + 126,000 - 11,300

Direct material used= $123,600

6 0

2 years ago

Parker owned all of Odom Inc. Although the Investment in Odom Inc. account had a balance of $834,000, the subsidiary's 12,000 sh

Lorico [155]

Answer:

$128,400

Explanation:

Account balance $ 834,000,

Subsidiary's 12,000 at $56 per share. Odom Issued 3,000 at $70 per share

$ 56 X 12,000 = $672,000

$ 672,000+ $70 X 3,000 = $ 882,000

$ 882,000 X .80 = $ 705,600

$ 705,600 – $ 834,000 Investment Account Balance = $128,400

Therefore Reduction in Investment Account is $128,400

The Transaction affect the Investment in Odom inc account because their is reduction in the investment Account from $834,000 to $128,400

3 0

3 years ago

Which transaction would cause one asset to increase and another asset to decrease?

Dvinal [7]

The correct answer is D.

7 0

3 years ago

Dexter decides to buy a new smartphone and offset the cost by selling his old phone to one of his friends. His friend has no mon

Nikitich [7]

Answer:

Explanation:

Opportunity costs refers to the options that are lost when making a choice between many options. According to my research on opportunity costs in different situations, I can say that based on the information provided within the question the opportunity cost of this exchange the total value of the television, headphones, and bicycle. This is because by choosing the printer he is ultimately losing out on the opportunity of choosing any of the other three items.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

4 0

3 years ago

You deposit $4000 into a savings account. the account earns 2.75% simple interest. how long will it take to earn $220 in interes

Dovator [93]

Simple interest means that you only need to find the interest once and then keep adding it on every year. In this case, the interest would be 2.75% of $4000 every year, which is 110.

In 2 years, you'll have 220 because every year you gain 110 in interest.

6 0

3 years ago