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3 years ago

Which budget allows a business owner to calculate the amount to charge the customer in order to make a profit

Business

1 answer:

denpristay [2]3 years ago

7 0

Answer:

Budgeted Income Statement in the Master Budget

Explanation:

The Master Budget provides a summary of all the operations of the business. It is made up of Budgeted Manufacturing Account, Budgeted Income Statement and Budgeted Financial Position.

Where the selling price it to be determined, the price giving the desired profits can be calculated by adjusting the sales to the desired profits in the Budgeted Income Statement.

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When an employee does work necessary to remove physical dirt or food residue from a surface that is referred to as

forsale [732]

Sanitization or cleaning wiping down the counter

6 0

3 years ago

Read 2 more answers

Central Street bought a rolling machine that cost $76,000. The expected life is 700,000 hours of production with a salvage value

sergij07 [2.7K]

Answer:

$26,166

Explanation:

As for the provided information using units of production method, we have:

Total amount to be depreciated of the machine = Cost - salvage value = $76,000 - $7,600 = $68,400

Total expected working useful hours = 700,000

Depreciation per hour = $68,400/700,000 = $0.097714

Depreciation for year 1 = $0.097714 $\times$ 175,000 = $17,100

Depreciation for year 2 = $0.097714 $\times$ 171,000 = $16,709

Depreciation for year 3 = $0.097714 $\times$ 164,000 = $16,025

Total depreciation = $49,834

Carrying book value = $76,000 - $49,834 = $26,166

3 0

4 years ago

Based on the recommendation of its advertising agency, lowe’s chose to advertise on hgtv. In this situation, hgtv represents whi

Gre4nikov [31]

In the given situation HGTV represents the component of the communication process called "Communication Channel".

<h3>What is communication channel?</h3>

Every meaningful team effort and collaboration depends on effective communication. An organization's movement is maintained by communication.

Some key points related to communication channel are-

Whatever method of communication we use, it's critical that the information is effectively communicated. "Communication channels" are any of several modalities or media used to send and receive information.
Writing, speaking, nonverbal communication, visual communication, and other forms of communication are just a few of the ways we might communicate.
Any of the individuals involved in a transmission must have a direct line of contact. N(N-1)/2 is the maximum number of direct routes that can coexist with "N" stakeholders.
A team's number of channels grows considerably more quickly as the various stakeholders does.
Communication may become extremely complex due to the large number of channels.

To know more about communication channel, here

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#SPJ4

8 0

2 years ago

You want to have $1 million to use for retirement in 35 years. If you can earn 1% per month, how much do you need to deposit on

Phoenix [80]

Answer:

0.35

Explanation:

that's the answer thank you and stay safe and take care!!!

6 0

2 years ago

On September 1, Kennedy Company loaned $128,000, at 12% annual interest, to a customer. Interest and principal will be collected

iragen [17]

Answer:

c. Debit Interest Receivable, 5,120; credit Interest Revenue, $5,120.

Explanation:

Given,

Loaned amount = $128,000

Annual Interest rate = 12% = 0.12

N = 1 year.

As Kennedy Company loaned on September 1, and the adjustment is needed on December 31, the interest will be due for 4 months.

Therefore, interest = $128,000 x 0.12 x (4/12)

Interest = $5,120

As Kennedy Company provided loan to its customer, interest is a revenue for the company. Therefore, Interest revenue is a credit account. As the customer does not pay the money, it is a receivable amount. Therefore, C is the correct answer.

It is not an expense, so, D is a wrong option. As customer does not pay, cash is out of question, so, E is also wrong option.

4 0

4 years ago