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
KATRIN_1 [288]
3 years ago
10

Which of the following is useful to combine the data of different segments using different software for the purpose of creating

companywide​ budgets? A. budget creation manual B. budget management software C. financial analysis software D. accounting development manual
Business
1 answer:
KengaRu [80]3 years ago
5 0

Answer:

B. budget management software

Explanation:

A budget management software would be the best option to combine different segments of data to create a companywide budget.

This is because one of the specific purposes of budget management software is to merge several budgets (for example, the budgets of a company's divisions) into a single one, larger budget (the companywide budget).

You might be interested in
Universal Foods issued 10% bonds, dated January 1, with a face amount of $176 million on January 1, 2021 to Wang Communications.
natima [27]

Answer:

January 1, 2021

Dr Investment in bonds $176 million

Cr Discount in Investment in bonds $24,226,136

Dr Cash $151,773,864

June 30, 2021

Dr Cash $8,800,000

Dr Discount in Investment in bonds $897,538

Cr Interest Revenue $9,607,538

December 31, 2028

Dr Cash $8,800,000

Dr Discount in Investment in bonds $897,538

Cr Interest Revenue $9,607,538

Explanation:

1. to 3. Preparation of the journal entries to record the purchase of the bonds by Wang Communications on January 1, 2021, interest revenue on June 30, 2021 and interest revenue on December 31, 2028

January 1, 2021

Dr Investment in bonds $176 million

Cr Discount in Investment in bonds $24,226,136

($151,773,864-$176 million)

Dr Cash $151,773,864

(To record purchase of bonds)

June 30, 2021

Dr Cash $8,800,000

($176 million*10%/2)

Dr Discount in Investment in bonds $897,538

($24,226,136/30)

Cr Interest Revenue $9,607,538

($8,800,000+$897,538)

(To record Interest Revenue)

December 31, 2028

Dr Cash $8,800,000

($176 million*10%/2)

Dr Discount in Investment in bonds $897,538

($24,226,136/30)

Cr Interest Revenue $9,607,538

($8,800,000+$897,538)

(To record Interest Revenue)

Present value of an ordinary annuity of $1 n=30 I=6%

Present value of an ordinary annuity of $1 =13.76483

Present value of $1 n=30 I=6%

Present value of $1=0.17411

Interest ($176 million *5%*13.76483) $121,130,504

Principal ($176 million*0.17411) $30,643,350

=$151,773,864

5 0
3 years ago
Sunland manufactures competition stunt kites. In November, Jerry Box prepared the following production budget for the first quar
Anika [276]

Answer:

\left[\begin{array}{ccccc}&January&February&March&Quarter\\$sales&24500&37700&32500&94700\\$Desired ending&9425&8125&3462.5&3462.5\\$Total Needs&33925&45825&35962.5&115712.5\\$beginning&2770&9425&8125&2770\\$Production Requirement&31155&36400&27837.5&95392.5\\\end{array}\right]

Explanation:

We need to recalcualte the desired ending inventory

as currently they are calcualte at 20% and we want it at 25% we do cross multiplication

Jan: 7,540 / 20 x 25 = 9,425

We divide by 20 to get the value of a single percent f sales and then we multiply to 25 as it is our desired amount

Feb: 6,500 / 20 x  25  = 8,125

March:  2,770 / 20 x 25 = 3,462.5

Next we adjsut6 the beginning inventory for January as it is 2,770 instead of 4,900 and we can determiante the production budget need for the quarter

3 0
4 years ago
On January 1, Kirk Corporation had total assets of $425,000. During the month, the following activities occurred: Kirk Corporati
nadya68 [22]

Answer:

$428,000

Explanation:

The only movement that impact the total assets it's:

Kirk Corporation acquired equipment costing $3,000, promising to pay cash for it in 60 days.

Due to the equipment was finance by the supplier by 60 days it has a positive impact on assets and liabilities.

The others transactions:

  • Kirk Corporation purchased $1,750 of supplies for cash, it has no impact because the supplies was paid with cash, so the impact on assets is zero.
  • The land had cost $7,500 and it was sold for $7,500 cash.  The land it's a long term assets that was sold for cash, so it was converted to current assets in money.
  • Kirk Corporation signed an agreement, the impact it's in the next month, so it has no impact the current month analized.
3 0
4 years ago
Arlene makes carrings in the shape of the mascot of a local university, Last year, Arlene made 250 pairs of earrings, which she
scoray [572]

Answer:

B) Arlene's total revenue is $2,500

Explanation:

As per given data

Revenue = 250 x $10 = $2,500

Expenses = ( 250 x $3 ) + $85 = $835

Economic Profit is calculated by deducting the opportunity cost  and monetary costs from the revenue. Whereas Accounting Profit can be calculated by deducting the only monetary costs from the revenue.  

Opportunity costs are all those losses which are faced for choosing an alternative like loss of interest income in case of investment in the business.

In Economic term opportunity costs is known as implicit cost and monetary cost as explicit cost. Formula are

Economic profit = Revenue - Implicit cost - Explicit Expenses

Placing values in the formula

Economic profit  = $2,500 - $835 - $500 = $1,165

Accounting profit = Revenue - Explicit cost

Placing values in the formula

Accounting profit = $2,500 - $835 = $1,665

8 0
3 years ago
What is known as water beneath the surface that runs in recognizable underground streams or collects in porous ground layers cal
Naya [18.7K]

Answer: Groundwater

Explanation:

Groundwater are water that gather underneath the soil surface, stored around rocks and slowly flow from a point to another as underground streams. Groundwater is vital to human survival, as they can be consumed directly and are also a source of water for farming.

5 0
4 years ago
Other questions:
  • Your job is to submit a risk diagnosis to the Centers for Medicare & Medicaid Services (CMS) for the purpose of payment. As
    6·1 answer
  • If your income increases by $1,500 and you only consume $900 of it, your marginal propensity to consume would be equal to: a. 0.
    6·1 answer
  • The coordination of promotion and other marketing efforts for maximum informational and persuasive impact defines __________.
    8·2 answers
  • At GetHelp Inc., after customer service representatives complete training, their phone calls are monitored to determine if they
    8·1 answer
  • Sales mix is
    5·1 answer
  • Stockholders' equity as reported on the firm’s balance sheet = $2 billion, price/earnings ratio = 14.5, common shares outstandin
    9·1 answer
  • Monet, Inc. purchases 1,000 shares of its own previously issued $5 par common stock for $11,000. Assuming the shares are held in
    13·1 answer
  • Select the correct answer.
    13·1 answer
  • two small countries, palau and tuvalu produce two goods: fish and coconuts. palau can produce 60 fish per hour or 20 coconuts pe
    13·1 answer
  • jungle junior company manufactures and sells outdoor play equipment. jungle junior uses activity-based costing to determine the
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!