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labwork [276]
3 years ago
5

AP North Company has completed all of its operating budgets. The sales budget for the year shows 50,000 units and total sales of

$2,250,000. The total unit cost of making one unit of sales is $25. Selling and administrative expenses are expected to be $300,000. Interest is estimated to be $10,000. Income taxes are estimated to be $200,000. Prepare a budgeted multiple-step income statement for the year ending December 31, 2020.
Prepare a budgeted income statement for the year.
Business
1 answer:
kow [346]3 years ago
3 0

Answer:

                                   AP North Company

        Income statement for the year ended December 31, 2020

                                                                               Amount in $'000

Sales                                                                                   2,250    

Cost of goods sold                                                            <u> 1,250</u>

Gross profit                                                                         1,000  

Operating expenses    

Selling and administrative expenses                                 (300)

Non- Operating or others

Interest expense                                                                  <u>  (10) </u>

Net Income/(loss) before income taxes                               690

Income taxes                                                                        <u> (200)</u>

Net Income/(loss) after income taxes                                 <u>  490 </u>                                                          

Explanation:

A multi-step income statement is one in which the elements of  incomes and expenses are grouped into operating and non-operating heads.

Operating income and expenses are those that are directly related to the ordinary activities of the entity.

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Answer:

10%

Explanation:

Given that,

Interest at last year debt = 8%

Current year cost of debt = 25% higher

Firms paid for debt last year = 10%

Firms paid for debt in current year = 12.50%

Kd - cost of debt

Yield = Interest at last year debt × (1 + increase in cost of debt)

         = 8% × (1 + 0.25)

         = 8% × 1.25

         = 10%

Kd = Yield (1 – T)

Kd = 10% (1 – 0)

     = 10% (1)

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Therefore, after tax cost of debt would be 10%.

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3 years ago
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In the strategic planning the company's stakeholders will ask them were they want their company to be in five years

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Find a current news article (within one week) related to business or technology. Your article can be from a newspaper, the
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Answer:

Everyone has seen organizations and agencies make a case for their cause on the television, newspaper and radio. We have all heard stories about how a media consultant has helped improve a political candidate's image by cleverly manipulating the press. There are many ways you can use the media to the benefit of your cause. This section introduces you to working with the media.

WHAT ARE THE MEDIA AND MEDIA ADVOCACY?

Media, which is the plural form of 'medium', are the forms of communication – television and radio; newspapers, magazines, and written materials (or "print media"), and, more often now, the Internet – used to spread or transmit information from a source (which can be a person, an organization, a business, an institution, a government agency, a policy maker, or another media outlet) to the general public.

Advocacy means openly supporting a certain viewpoint or group of people. If you are an advocate for a specific cause, you work to persuade local, state, or federal governments or other entities to grant specific rights, make policy changes, provide money, or create new laws for the good of your cause. For example, if you have a child with a disability, you might advocate for the increased availability of medical services for handicapped children in your city.

Media advocacy is the use of any form of media to help promote an organization's or a company's objectives or goals, which come from the group's vision and mission. For example, suppose you’re a media advocate for a non-profit agency working to reduce gang violence in your neighborhood. You would try to present neighborhood issues related to gang violence and the changes you want to make in such a way that you:

Change the way community members look at gang violence. You might want to make it clear who it affects and why, or why kids get involved in gangs in the first place.

Create a reliable, consistent stream of publicity for your agency's issues and activities, including articles and news items about the causes and results of gang violence and about what your agency’s work entails; personal interest stories; success stories; interviews with agency staff and current and former gang members, etc..

Motivate community members and policy makers to get involved.  You probably have ideas about what could be done with public funding, or with government policies that addressed gang violence. You might have volunteer opportunities, or want to publicize a city- or state-sponsored initiative that needs public input and support.  Or perhaps you’re trying to raise money for your work. The media can help with all of these...if you know how to work with them.

Media advocates, or the people who work to attract publicity for organizations and causes, know that the media can get a public or social policy message across to the largest audience possible in the least amount of time.

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Explanation:

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Answer with Explanation:

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