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3 years ago

What is the last step in creating a budget

Business

1 answer:

PilotLPTM [1.2K]3 years ago

8 0

Be realistic

Aim for sticking to your budget most of the time, and you’re bound to reach your financial goals. Breaking your budget occasionally is OK, providing you get right back on track as soon as possible.

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Mattel Inc.’s 2016 financial statements show operating profit before interest and tax of $519,233 thousand, net income of $318,0

zhuklara [117]

Answer:

22.38%

Explanation:

Given that,

Operating profit before interest and tax = $519,233

Net income = $318,022 thousand

Provision for income taxes = $91,720 thousand

Net non-operating expense before tax = $109,491 thousand

Mattel’s statutory tax rate for 2016 = 37%

Income before income tax:

= Net Income + Provision for income taxes

= $318,022 Thousand + $91,720 Thousand

= $409,742 Thousand

Effective tax rate:

= (Provision for Income taxes ÷ Income before tax) × 100

= ($91,720 Thousand ÷ $409,742 Thousand) × 100

= 0.2238 × 100

= 22.38%

8 0

3 years ago

Thirty-five percent of the world's commercial energy is produced from _______.

Ivanshal [37]

Thirty five percent of the worlds commercial energy is produced by coal

4 0

3 years ago

In a good system of internal control, the person who initiates a transaction should be allowed to effectively control the proces

amm1812

Answer:

b) False

Explanation:

One of the key features of a good internal control system is the segregation of duties (SoD).

The principle of the segregation of duties entails that an individual is not allowed to initiate a transaction, review and approve the same transaction. In other words, a good internal control system would not allow an individual carry out all processes for a transaction from initiation, to authorization to approval to recording.

A system in which these responsibilities are shared mitigates against the risk of fraud and error.

Hence, in a good system of internal control, the person who initiates a transaction should be NOT be allowed to effectively control the processing of the transaction through its final inclusion in the accounting records

7 0

3 years ago

When women are chosen for leadership positions over units or departments in crisis, this is breaking the glass cliff, because wo

stellarik [79]

It refereed to as breaking the glass cliff BECAUSE THE CHANCE OF ANY LEADER FALLING IN SUCH A POSITION IS HIGHER. The probability of falling and failing in an higher position during a crisis is very high and that is why it is described as 'breaking the glass cliff'. The glass cliff refers to the phenomenon of women been more likely to rise to positions of organisational leadership and to succeed in the position during crisis than in the time of peace.

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3 years ago

Rose decides she wants to begin her own business, marketing toward online game players. Which of the following best answers the

marta [7]

The best option is B Paint Space game Online character portraits to sell on her website.

Rose decides she wants to begin her own business, marketing toward online game players. The statement which best describe the economic question What to produce is Paint Space game Online character portraits to sell on her website.

3 0

3 years ago