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3 years ago

Reviewing the Budget

Business

2 answers:

professor190 [17]3 years ago

8 0

Answer:

564943

2355872-1790929

vekshin13 years ago

4 0

Answer:

For each month we calculate the variance by finding the difference between the Actual numbers and Budget numbers.

Then we indicate if the practice was "Overbudget" or "Underbudget".

If the actual numbers are less than the budget numbers, the budget is we say that the budget is under budget.

If the actual numbers are more than the budget numbers, the budget is we say that the budget is over budget.

Month Budget Actual Variance Under/ over

<u> (Actual -Budget) Budget </u>

January 23,55,872 17,90,929 -5,64,943 Under Budget

February 26,54,031 28,27,606 1,73,575 Over Budget

March 22,39,980 29,24,180 6,84,200 Over Budget

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Shidan Apartments purchased an apartment building to rent to university students on November 18, 2017. The following costs were

Masteriza [31]

Answer:

$351,000

Explanation:

The computation of the amount of an asset is as follows;

Purchase price of the building $220,000

Purchase price of the land $100,000

Transfer taxes $10,000

Attorney and real estate agent's fees $15,000

Repave the parking lot $6,000

Cost of apartment $351,000

hence, the cost of an apartment is $351,000

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2 years ago

Procter & gamble is well known for its use of __________ branding because every product in p&g's portfolio has a differe

taurus [48]

Answer:

Individual branding

Explanation:

Procter & gamble is well known for its use of individual branding because every product in p&g's portfolio has a different brand name.

Individual branding can be defined as a market strategy in which every products sold by a firm has its own unique brand name. Individual branding can also be called "multibranding", "individual product branding", and "flanker brand".

Firms utilizes individual branding strategy in order to target different market segment. Individual branding helps to protect the other products produced by a company if one of them fails.

Each brand produced has a unique identity and name even though they are produced by the same firm. This allows the firm to to separate the image and reputation of each product and fix a different price for each product.

8 0

3 years ago

You are asked to assess the current service model for a manufacturing line featuring 8 machines. Based on empirical data you hav

xeze [42]

Answer:

A) 14.72 hours

B) An additional worker should be hired since the lost work time is 14.72 hours

Explanation:

Number of machines on manufacturing line = 8

percentage of machine been down = 23%

number of workers capable of running and repairing machines = 2

machine productivity ( per machine ) = 18 units/hour

overhead cost / machine = $713

hourly rate paid per worker = $15

Total number of work hours = 8 hour

A) calculate Total amount of lost worktime

= number of machines * Total number of work hours * 23%

= 8 * 8 * 23% = 14.72 hours

B) An additional worker should be hired since the lost work time is 14.72 hours

7 0

2 years ago

Journalize the following entries on the books of Winston Co. for August 1, September 1, and November 30. (Assume a 360-day year

olasank [31]

Answer and Explanation:

The journal entries are shown below:

On Aug. 1

Merchandise Inventory $75,000

To Accounts Payable $75,000

(Being the purchase of merchandise inventory is recorded)

For recording this we debited the merchandise inventory as it increased the assets and credited the account payable as it also increased the liabilities

On Sept. 1

Accounts Payable $75,000

To Notes Payable $75,000

(Being the issued of note payable on the account is recorded)

For recording this we debited the account payable as it decreased the liabilities and credited the note payable as it increased the liabilities

On Nov. 30

Notes Payable $75,000

Interest Expense $1,125 ($75,000 × 6% × 90 days ÷ 360 days)

To Cash $76,125

(Being cash paid is recorded)

For recording this we debited the note payable and interest expense as it decreased the liabilities and increased the expense and credited the cash as it decreased the assets

8 0

2 years ago

Percival Hygiene has $10 million invested in long-term corporate bonds. This bond portfolio's expected annual rate of return is

BartSMP [9]

Answer:

Explanation:

a)We find the portfolio weights first. For a two security portfolio

$sP^2 = x_1^2s_1^2 + 2x_1x_2s_1s_2r_1_2 + x_2^2s_2^2$

$(0.10)^2 = 0 + 0 + x_2^2(0.16)^2$

x2 = 0.625 and x1 = 0.375

Then

rp = x1r1 + x2r2

rp = (0.375 ´ 0.06) + (0.625 ´ 0.14)

= 0.11

= 11.0%

Hence, he can improve the expected rate of return without any change in the risk of the portfolio.

The expected return is:

rp = x1r1 + x2r2

rp = (0.5 *´ 0.09) + (0.5 ´* 0.14)

= 0.115 = 11.5%

$sP^2 = x_1^2s_1^2 + 2x_1x_2s_1s_2r_1_2 + x_2^2s_2^2$

sP2 = (0.5)^2(0.10)^2 + 2*(0.5)(0.5)(0.10)(0.16)(0.10) + (0.5)^2(0.16)^2

sP2 = 0.0097

sP = 0.985 = 9.85%

Hence, he can never perform better by investing equal amount in bond portfolio and index fund. The expected return increases to 11.5% and standard deviation decreases to 9.85%.

4 0

2 years ago