Answer:
Statement A, C and D
Explanation:
a. All the direct expenses budget is prepared in order to compute direct material, direct labour and other manufacturing overheads in order to compute the production budget cost. As all these are essentially required in order to make a production budget.
b. The first budget is usually the revenue or sales forecast budget.
c. Direct material to be bought = Direct Materials required in production + Closing inventory to be maintained - Opening inventory already available.
d. Cash budget not only comprises of inflow, but outflow is also as important as inflow. When all the incomes and expenses are budgeted then cash budget is prepared.
<span>The profit during the month was $44,0000, with $30,000 in credit and $14,000 in cash. The money they spent was $13,800. So the total cash at the end was $25,200.</span>
Answer:
The answer is: B) equals the quantity supplied.
Explanation:
For all products and services; the equilibrium price is always the price where the quantity supplied of a product or service (in this case apartments offered for rent) is equal to the quantity demanded of that product or service (in this case apartments demanded for rent).
There are no choices but is true. Many poor neighborhoods suffer from decaying
structures that aren’t fit to live in.
Governments need to allocate a budget for this kind of situation. Otherwise not only are you going to have
building that are unlivable and dangerous but will encourage crime to take root
in the area.
Answer:
B. As a component of income from continuing operations, in the period of change and future periods if the change affects both.
Explanation:
Option A - The effect of a change in accounting principle cannot be reported in the disclosure after income from continuing operations.
Option B - It is the answer because the accounting estimates should be reported as a component of income from continuing operations. It changes the overall accounting reporting treatment as a change in estimates.
Option C - Accounting estimates cannot be reported as a correction of an error as it is a component of income from continuing operations.
Option D - It cannot be the answer because accounting estimates can help to change the prospective years financial statement not the restating of current year's financial statements of all prior periods.