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Eva8 [605]
3 years ago
13

A cost estimation tool which is used to allocate money into an organization’s budget is known as a _____ estimate. a. ballpark b

. budgetary c. rough order of magnitude d. definitive
Business
2 answers:
KiRa [710]3 years ago
7 0

Answer:

B

Explanation:

Budgetary is itemized, of expected income and expense for a given period in the future. a plan of operations based on such an estimate. an itemized allotment of funds, time, etc., for a given period.

xenn [34]3 years ago
5 0

Answer:

  B. Budgetary.

Explanation:

  They are used to do that because the range of variance could be from -10% to +20%.

  Although this, it is not accurate enough to provide a solid basis for a firm commitment because it only represents an approximation of what is need to be done.

  I hope this answer helps you.

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A business issued a 90-day, 9% note for $70,000 to a creditor on account. Illustrate the effects on the accounts and financial s
SSSSS [86.1K]

Answer:

The computation is shown below:

Explanation:

The journal entries are shown below:

a. Account payable $70,000

           To Notes payable $70,000

(Being the issuance of the note is recorded)

b. Note payable $70,000

  Interest expense $1,575

              To Cash $71,575

(Being the payment of the note at maturity date including interest is recorded)

The computation is shown below:

= $70,000 × 9% × 90 days ÷ 360 days

= $1,575

We assume 360 days in a year

Now the effects on the accounts and the financing statement for issuance of the note is shown below:

Balance sheet

Assets          =   Liabilities   + Stockholder equity    Income statement  cash flow statement

No effect = Account payable - $52,000 + No effect  No effect + no effect

                   Note payable + $52,000      

7 0
3 years ago
The material wealth of society is determined by the economy's _________, which is a function of the economy's _________. a. inve
Yakvenalex [24]

Answer:

The material wealth of society is determined by the economy's productive capacity, which is a function of the economy's real assets.

Explanation:

Production capacity or <em>productive capacity</em> is the maximum level of activity that can be achieved with a given productive structure. The study of capacity is essential for business management in that it allows analyzing the degree of use made of each of the resources in the organization and thus have the opportunity to improve them.

<em>Real assets</em> are physical assets that have value due to their substance and properties. Real assets include precious metals, raw materials, real estate, agricultural land, machinery and oil. They are appropriate for inclusion in more diversified portfolios due to their relatively low correlation with financial assets such as stocks and bonds.

7 0
2 years ago
Leonard transfers equipment (basis of $40,000 and fair market value of $100,000) for additional stock in Green Corporation. Afte
Crank

Answer: e. None of the above.

Explanation:

Under IFRS, leonard will not recognize this either gain or depreciation as the transfer has taken place. But when Green Corporation sells the equipment then it will have to consider the potential which was generated in respect to the transfer with leonard.

8 0
3 years ago
Ellen and Fred work on the loading dock for Grange Storage. Ellen, who has a disability, requests a transfer, which would repres
Leya [2.2K]

Answer:

Fred's seniority is a good defense for Grange

Explanation:

Based on the situation at hand and the details provided within the question it can be said that in Ellen’s suit against Grange for discrimination, most likely Fred's seniority is a good defense for Grange. Since Fred has been working at Grange Storage for a long time then Fred also has a right to claim that opening for himself.

If you have any more questions feel free to ask away at Brainly.

8 0
3 years ago
Employees may be required to sign, as a condition of employment, an agreement that they will not leave the company and go to wor
Fittoniya [83]

Answer:

Option "A" is the correct answer to the following question.

Explanation:

A non compete agreement is a type of deal under which an employee signs a document that states that the employee will neither leave the company nor join any of the companies or businesses Which can harm its employer in the competitive market. Such an agreement is made a non-compete agreement.

Such legal arrangements prohibit workers from joining industries or occupations which are considered directly competitive with the employer.

6 0
2 years ago
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