Ask question

Ask question

All categories

4 years ago

8

What is the proper preparation sequencing of the following budgets? 1. Budgeted Balance Sheet 2. Sales Budget 3. Selling and Adm

inistrative Budget 4. Budgeted Income Statement

1 answer:

sergij07 [2.7K]4 years ago

5 0

Answer:

1. Sales Budget

2. Selling and Administrative Budget

3. Budgeted Income Statement

4. Budgeted Balance Sheet

Explanation:

First of all the sales budget is prepared in which expected sales are shown and then the selling and administrative budget is prepared which shows expenses related to sale.

The income statement budget is prepared which shows the expected income.

Then at last Budgeted Balance Sheet is prepared in which the expected income is transferred.

The order in which they appear is as follows.

1. Sales Budget

2. Selling and Administrative Budget

3. Budgeted Income Statement

4. Budgeted Balance Sheet

You might be interested in

oselli Animation plans to offer its employees a salary enhancement package that has revenue sharing as its main component. Speci

tatyana61 [14]

Answer:

Answer for the question:

oselli Animation plans to offer its employees a salary enhancement package that has revenue sharing as its main component. Specifically, the company will set aside 2% of total sales revenue for year-end bonuses. The sales are expected to be $5 million the first year, $5.5 million the second year, and amounts increasing by 10% each year for the next 5 years. At an interest rate of 6% per year, what is the equivalent annual worth in years 1 through 5 of the bonus package?

is given in the attachment.

Explanation:

4 0

3 years ago

Read 2 more answers

An excerpt of an introduction of a cover letter about a Marketing position.

kolezko [41]

Answer:

answer is b

Explanation:

its b

8 0

3 years ago

MC Qu. 93 Schrank Company is trying to decide how... Schrank Company is trying to decide how many units of merchandise to order

ss7ja [257]

Answer:

43,000 units

Explanation:

Given that,

Projected sales in August = 48,000

Projected sales in September = 38,000

Projected sales in October = 58,000

Ending inventory is the 25% of the next month's sales.

The units purchased in the month of September includes the amount of sales in this month and the amount of ending inventory for this month but the amount of beginning inventory excludes from this calculation of purchases.

Ending inventory for September:

= 25% of the next month's sales

= 0.25 × Sales in October

= 0.25 × 58,000

= 14,500

Here, the opening inventory for September is the amount of ending inventory for August.

Opening inventory for September:

= 0.25 × Sales in September

= 0.25 × 38,000

= 9,500

Units to be purchased:

= Sales in September + Ending inventory for September - Opening inventory for September

= 38,000 units + 14,500 - 9,500

= 43,000 units

8 0

3 years ago

Read 2 more answers

Lisle Hair Company keeps track of the gender and age of its customers so it can target e-mails to them and be sure to have the r

topjm [15]

Answer:

demographics

Explanation:

Here gender and age is being used for targeting -email campaign which is indicator of use of demography. Demography segmentation is based on segmentation of potential consumer based on age, gender, race, income, ethnicity and other demographic characteristic. reason behind us of demography in marketing is based on premise that people of a particular demography exhibit similar purchasing behavior to a larger extent.

8 0

3 years ago

A company issued 6-year, 8% bonds with a par value of $1,050,000. The market rate when the bonds were issued was 7.5%. The compa

Nataly_w [17]

Answer:

$41,125

Explanation:

The calculation of semiannual interest period is shown below:-

Interest = 8% ÷ 2 = 4%

Interest paid = $1,050,000 × 4%

= $42,000

Premium on bonds amortization = (($1,060,500 - $1,050,000)÷ 12)

= $10,500 ÷ 12

= $875

Interest expense = Interest paid - Premium on bonds amortization

= $42,000 - $875

= $41,125

So, for computing the interest expense we simply deduct the premium on bonds amortization from interest paid.

5 0

3 years ago