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Anna007 [38]
3 years ago
13

The Master Budget You are currently working as a contractor building state of the art airports. One of the managerial accountant

s of the company you work for comes to talk to you about the budget for a project on which you have taken the lead. He wants to know your estimate for the cost of the project. You know that your future with the company depends on your performance in relation to this budget. Your best guess for this project is that it will cost $2,000,000. What do you say to your boss and why?
Business
1 answer:
SpyIntel [72]3 years ago
6 0

Answer:

Being in a dependable position and designated with such high obligation, it is my obligation to play out my work as well as could be expected. I have done practically all that is required to do this task in the best and financially savvy way. Keeping all the variables in see and duly applying responsibility I have turned out with the end that it will cost $2,000,000.  

I accept the expense to be sensible keeping in see the quality, so the Company's generosity stays unblemished. The venture could have been done at a lower cost yet we need to bargain with the quality.  

The organization being a main one in the business and having great name for it's excellent work, I would better go with great quality as opposed to a high net revenue.

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Suppose you win the lottery and have two options: A. Take $1 million now. B. Take $1.2 million to be paid out as 300,000 now and
laila [671]

Answer:

A. Take $1 million now.

Explanation:

A. If we take $1 million now the present value of the money is $1 million.

B. If we choose to take $1.2 million paid out over 3 years then present value will at 10% will be;

$300,000 + $300,000 / 1.2 + $300,000/ 1.44 + $300,000 / 1.728

$300,000 + $250,000 + $208,000+ $173,611 = $931,944

The present value of option B is less than present value of option A. We should select option A and take $1 million now.

4 0
2 years ago
Mrs. Jones, an appraiser, is appraising a single family residence for which she has located six comparable properties, all sold
Llana [10]

Available Options are:

1 Cost approach

2 Market data approach

3 Income approach

4 Gross rent multiplier

Answer:

Market data approach

Explanation:

The Market data is more relaible source to finding the home's market value. As in the given scenario, it is evident that the property is not an investment property, hence it is more appropriate to find the asset's value using the market data rather using the rental value to compute the value of the asset.

5 0
3 years ago
Read 2 more answers
Rotato, a U.S. tire company, produces a set of tires at a plant in Michigan on September 16, 2019. It sells the set of tires to
anygoal [31]

Answer:

Excluded from GDP

The production of the set of tires does not included on the GDP as it is referred to as an intermediate goods which are used to produce the final product (which is the two door coupe, in this case).

Explanation:

Gross domestic Production (GDP) represent the total production of a nation within its domestic borders. Some of the items that are excluded in GDP include: sales of goods that were produced outside the domestic borders of the country, intermediate goods that are used to produce other final goods, sales of used goods, illegal sales of goods and services (black market) and transfer payments made by the government

6 0
3 years ago
A stock has an average expected return of 10.8 percent for the next year. The beta of the stock is 1.22. The T-Bill rate is 5% a
uranmaximum [27]

Answer: 4.7%

Explanation:

Expected return is calculated as:

= Risk free return + Beta ( Market risk premium)

10.8% = 5% + (1.22 × Market risk premium)

10.8% - 5% = 1.22market risk premium

5.8%/1.22 = market risk premium

Market risk premium = 0.058/1.22

Market risk premium = 0.047

Market risk premium = 4.7%

7 0
3 years ago
Different budgeting periods and explain each one
RideAnS [48]
Budgeting period is an allocation of time to plan for your money and how or where it's gonna be used. There are two types of budgeting period: Short term and Long term.

Short-term Budgeting period

This budgeting period covers from 6 months to a year, depending on the nature of the business. For seasonal businesses, it should cover at least one seasonal cycle. For wholesale and retail businesses, 6 month is enough.

Long-term Budgeting Period

This covers more than a year of operating. It focuses on the futuristic performance of a business or company. Factors used are market trends, economic growth, inflation rates and industrial production. These factors help foresee profit or problems that may arise. Consequently, this will also help you in your present decisions.
5 0
3 years ago
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