All categories

3 years ago

Does anyone know how to create a budget?

1 answer:

4 0

Step 1: Create a New Workbook. The first step is to create a new workbook when you open Microsoft Excel. ...
Step 2: Enter Income and Expenses. ...
Step 3: Add Formulas. ...
Step 4: Compare Income to Expenses. ...
Step 5: Save Your Spreadsheet.

You might be interested in

The contrast error is committed when the rates rate people:

serious [3.7K]

Answer:

d) relative to others instead of against performance standards.

Explanation:

Contrast error is one that occurs during performance rating where a person is not rated objectively, but against previous people who performed good or badly.

The person's ratings is affected negatively or positively.

A person that performs well subconsciously sets a benchmark in the mind of the rater, and he now rates future participants based on this benchmark and not on performance standards that have been set.

5 0

3 years ago

Calculating the Predetermined Overhead Rate, Applying Overhead to Production, Reconciling Overhead at the End of the Year, Adjus

Usimov [2.4K]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

Estimated:

Overhead $160,000

Direct labor hours 80,000

Han uses normal costing and applies overhead based on direct labor hours.

For January, direct labor hours were 8,150.

By the end of the year, Han showed the following actual amounts:

Overhead $166,000

Direct labor hours 79,600

Assume that the unadjusted Cost of Goods Sold for Han was $176,000.

1) Predetermined overhead rate= total estimated overhead for the period/ total amount of allocation base

Predetermined overhead rate=160000/80000= $2 per hour

2) Applied overhead (January)= Predetermined overhead rate*actual hours= 2*8150= $16,300

3) Applied overhead for the year= 2*79600= $159,200

Over/under applied= actual overhead - applied overhead= 166000 - 159200= 6800 underapplied

4) COGS= 176000

Underapplied overhead= 6800

COGS adjusted= $182,800

3 0

3 years ago

Christin, the CEO of a national IT manufacturer, was approached by Ultimate Phones, a new company that is marketing a new type o

Monica [59]

Answer:

The correct option is B, bounded rationality

Explanation:

An ethical dilemma occurs when there is a conflict between one's interest and the interest of the organization leaving one with making choices between serving in the interest one the company or feathering one's nest.

Groupthink implies giving credence to the decision of a group over individual's thinking and creativity.

Bounded rationality is theme that was introduced by Herbert Simon which refers to the fact that making a rational decision is sometimes limited to the information at one's disposal as well as one's mental prowess.

4 0

3 years ago

Read 2 more answers

Flyer Company has provided the following information prior to any year-end bad debt adjustment: Cash sales, $159,000 Credit sale

Ludmilka [50]

If Flyer Company has provided the following information prior to any year-end bad debt adjustment: Cash sales, $159,000 Credit sales, $459,000. Flyer estimates bad debt expense assuming that 2% of credit sales have historically been uncollectible. The balance in the allowance for doubtful accounts after bad debt expense is recorded will be: $11,280

First step is to determine the estimated bad debt expense

Bad debts expense=($459,000×2%)

Bad debt expense=$9,180

Now let determine the balance in the allowance for doubtful accounts after bad debt expense is recorded

Balance in allowance for doubtful accounts=$9,180+$2,100

Balance in allowance for doubtful accounts=$11,280

Inconclusion if Flyer Company has provided the following information prior to any year-end bad debt adjustment: Cash sales, $159,000 Credit sales, $459,000. Flyer estimates bad debt expense assuming that 2% of credit sales have historically been uncollectible. The balance in the allowance for doubtful accounts after bad debt expense is recorded will be: $11,280

Learn more here:

brainly.com/question/21504813

3 0

3 years ago

of the following will help you avoid the legal perils of electronic communications? Check all that apply. Make messages specific

maksim [4K]

Answer:

1. Make messages specific.

2. Abide by all copyright laws

3. Keep conversations casual but professional.

Explanation:

In the business environment, care should be taken when exchanging electronic communication. This is because, electronic messages can be intercepted and unfavorable findings, used to launch legal proceedings. Some things to do to avoid the legal perils of electronic communication, include;

1. Be specific: Electronic communications do not have to beat around the bush. Rather, they should be specific and straight to the point. Ideas must be communicated as accurately as possible. Employers must also be specific about their policies on electronic communication.

2. Abide by all copyright laws: When using electronic or printed materials from other sources, credit must be given to the owners of such materials to avoid lawsuits or accusations of piracy.

3. Keep conversations casual but professional: While, thoughts have to be communicated freely, they should however, not be overly casual. Professionalism must be maintained.

Care should be taken to avoid deleting messages unnecessarily as they may be requested for retrieval to validate accusations. Also, a rule of thumb is not to write messages when we can just talk to the person.

5 0

3 years ago