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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.

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Mrs. Smith owns a piece of Florida real estate. Her school board millage rate is 4.5, City rate is 3.8 and County rate are 2.4 m
natima [27]

Answer:

$422.5

Explanation:

Assessable value after first homestead exemption $25000= $200000

Tax on second $25000=$267.5($112.5 school board tax+$95 county tax +$60 citty tax)

Tax on third $25000=$112.5(onl on school district tax)

Tax on balance = $10.7*150=$1605

Total tax =$1985

Money saved= $267.5+$155=$422.5

7 0
3 years ago
Read 2 more answers
Sheridan Company purchased $1750000 of 10% bonds of Scott Company on January 1, 2021, paying $1650375. The bonds mature January
pishuonlain [190]

Answer:

B) $3271.

Explanation:

Since Sheridan Company uses the effective interest method to account for Scott Company bonds, and it purchased them on discount, it must increase its debt investments by:

(market price x effective interest) - (face value x coupon rate) =  

($1,650,375 x .055) - ($1,750,000 x .05) = $3,270.63 ≈ $3,271

since the bonds pay a semiannual coupon, the yearly interest rates must be divided by 2.

8 0
3 years ago
Why is it more important to understand the personality of a manager than to understand the personality of an employee
schepotkina [342]

It is more important to understand the personality of a manager than to understand the personality of an employee because the actions of a manager impact the behavior and outcomes of many people.

<h3><u>What is the role of a manager?</u></h3>
  • Most frequently, managers are in charge of a specific job function or division inside the company.
  • A manager either directly leads his or her team in accounting, marketing, sales, customer support, engineering, quality, and all other groups, or they are in charge of a group of supervisors that manage the teams of employees. Title hierarchies are found in organizations.
  • Each of these individuals carries out distinct and crucial tasks that allow the business to run, fulfill its duties, and generate a profit.
  • Particularly in smaller firms, a manager may have the authority to recruit, fire, reprimand, or promote employees with the help of the human resources team.

In larger organizations, a manager may only suggest such a course of action to the level above them. In both large and small businesses, the manager has the power to modify the tasks that team members are assigned to do.

Know more about manager with the help of the given link:

brainly.com/question/17312484

#SPJ4

<h3 />

3 0
1 year ago
Upon graduating from UCI, you start a job in finance earning $72,000 per year and decide to buy a home. You can afford to pay no
madreJ [45]

Answer:

$209,461  

Explanation:

The maximum size home loan the employee can afford is computed using the pv formula in excel as below:

=-pv(rate,nper,pmt,fv)

rate is the annual interest rate of 4% divided by 12 months

nper is the number of months the payment of $1000 would be paid i.e 30*12=360

pmt is the monthly payment which is $1000

fv is the future worth of total repayments which is unknown

=-pv(4%/12,360,1000,0)=$209,461  

4 0
3 years ago
Patty stacey deposits $2600 at the end of each of 5 years in an ira. if she leaves the money that has accumulated in the ira acc
QveST [7]
<span>From the question, Stacey deposits $2600 six times over a thirty year period since she makes the deposit every five years. Her amount accures by the formular. A = P(1+r/n)^nt. Where her principal P = $2,600. Rate, r =6% =0.06. Time = 30 years and the period of compounding per unit time, n = 6 years. So we have A =2, 600(1+(0.06/6))^(6*30) = 2, 600 (1 + 0.01)^(180) = 2600* 5.9958 = $15, 587. To the nearest cent we have $15, 590.</span>
7 0
3 years ago
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