1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Lelechka [254]
3 years ago
11

The most common approach to developing pro forma financial statements is called the cash budget method. financial planning metho

d. seasonality approach. percent-of-sales method. market-oriented approach. None of the options are correct.
Business
1 answer:
Len [333]3 years ago
7 0

Answer:

The correct answer is letter "D": percent-of-sales method.

Explanation:

The percentage-of-sales method is the fastest approach to develop a budget based on the financial statements. Expenses are compared to the net sales as percentages to be applied in the sales level for the budgeted period. However, to compare expenses to the items in the budget, the expense must be correlated to the item causing an issue because fixed expenses cannot be linked with sales, for instance.

You might be interested in
During the month of June, Whispering Boutique recorded cash sales of $302,810 and credit sales of $130,219, both of which includ
irina [24]

Answer and Explanation:

The Journal entry is shown below:-

1. Sales revenue Dr, $28,656      ($121,700 + $287,673) × 7%

                To Sales tax payable $28,656

(Being sales tax payable is recorded)

Here we debited the sales revenue as it decreased the revenue while we credited the sales tax payable as  it increased the liabilities so that the proper posting could be done

Working note

Credit sales = $130,219 × 100 ÷ 107

= $121,700

Cash sales = $302,810 × 100 ÷ 107

= $287,673

7 0
3 years ago
Why do some firms, industries, and cultures have different CSR thresholds than others? Illustrate your answer with real examples
Korolek [52]

Some firms, industries and cultures have different corporate social responsibility (CSR) thresholds than others due to differences in the operating area, level of business complexity and legal and cultural differences between countries.

Corporate social responsibility is an increasingly growing requirement in today's society, which considers organizations to be institutions that promote social and environmental development.

CSR types can be:

  • Philanthropy
  • Preservation of the environment
  • Diversity and Work Practices
  • Volunteering

Therefore, each company will identify the best strategy to implement CSR in its processes, in order to create value for stakeholders, increase employee satisfaction, be more competitive and positioned in the operating market.

Learn more about CSR here:

brainly.com/question/14624782

7 0
2 years ago
AYUDAAA PORFAVORR URGENTEE!!!! GRACIAS♡<br><br>Que entiendes por ser productivo, da un ejemplo​
m_a_m_a [10]

Answer:

hacer muchas cosas en el día como clases ejercicio comer tarea ayudar a limpiar la casa y más cosas en todo un día

5 0
3 years ago
Read 2 more answers
A company reports the following: Net income $375,000 Preferred dividends 75,000 Average stockholders' equity 2,500,000 Average c
Anit [1.1K]

Answer:

a) The return on stockholders’ equity = 15%

b)  The return on common stockholders’ equity = 16%

Explanation:

a) Return on Stockholders’ Equity = (Net income)/(Average stockholders' equity)

= ($375,000)/$2,500,000

= 15%

b) Return on Common Stockholders’ Equity = (Net income - Preferred dividends) /(Average return on common stockholders' equity)

= ($375,000 - $75,000) / $1,875,000

= 16%

7 0
3 years ago
In your opinion, why is training vital to the success of any organization? What is the potential impact of lack of effective tra
katen-ka-za [31]

Answer/Explanation

Training allows the organization members to grow their knowledge base and improve their job skills to become more effective. Without training, there will be despondent employees, higher employment turnovers, low production rates, an unsafe working environment, abortive staff management, increased expenses, and loss of customers.

I hope this helps

8 0
3 years ago
Other questions:
  • When casey was promoted to head librarian of a small branch library, she really enjoyed the autonomy she had to hire employees,
    9·1 answer
  • In order to avoid estate taxes, your rich aunt Federica will pay you $10,000 per year for 4 years, starting 1 year from now. Wha
    9·1 answer
  • Peter Plaintiff is citizen of Kentucky. He drives to Tennessee and purchases a lawn mover from Lousy Lawn Mowers, Inc. Peter Pla
    12·1 answer
  • A stock is selling for $41.60. The strike price on a call, maturing in 6 months, is $45. The possible stock prices at the end of
    6·2 answers
  • Fifteen years ago, russell bought his house for $141,000. the house's property value has decreased by 1.6% per year ever since t
    12·1 answer
  • The best explanation of why Gulf airlines are giving U.S. legacy carriers stiff competition is that the Gulf carriers:
    11·1 answer
  • Complete the sentences with the correct function of money. Norah walks into her favorite department store, Bullseye, to pick out
    15·1 answer
  • Assume that labor is the only factor of production and that wages in the United States equal $20 per hour while wages in Japan a
    9·1 answer
  • What particular activities are involved in the enterprise's internal operational scope?
    7·1 answer
  • An emerging field with the intersection of medical informatics, public health, and business?
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!