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3 years ago

Which is the purpose of a budget?

Business

2 answers:

vodomira [7]3 years ago

5 0

weighing the information needed to make rational decisions

Svetach [21]3 years ago

3 0

Answer:

Explanation:

keep their expenses below income(apex)j got it wrong

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Clayborn Company deposits all cash receipts on the day they are received and makes all cash payments by check. At the close of b

Kazeer [188]

Answer:

Adjusted cash balance : $25850

Explanation:

The goal of a reconciliation statement is to ascertain the differences between the banks records and the depositor’s records and make accounting changes as deemed appropriate. There is a general flow that is used to make the correcting entries:

1. The process flow starts with the bank’s ending cash balance

2. Add any deposits made by the company to the bank that are in transit

3. Deduct any cheques that are uncleared by the bank

4. Add or deduct any other differences available as necessary

5. In the company bank records, once again start with the ending balance

6. Add interests earned

7. Deduct any bank service fees, penalties and NSF (Non-Sufficient Funds) cheques.

8. Add or deduct any other differences available as necessary

At the end of this process, it is likely that both accounts would be equal and tally.

Please refer attached table for details on the calculation.

6 0

3 years ago

Ingvar Kamprad’s influence over IKEA may have even been stronger than that of Sam Walton over Walmart because IKEA is a privatel

julia-pushkina [17]

Answer:

There are similarities in the way businesses are run, but the management and influencing capacity on both are completely different.

Though during the founding days both the organizations, IKEA and Walmart operated under direct influence of the founders.

Also, power and responsibility is more shared, though there would be some adaptation and conflict changes that is expected, but it is differently structured than Walmart and would not suffer much.

Explanation:

Solution:

Now,

There are similarities in the way businesses are run, but the management and influencing capacity on both are completely different.

Though during the founding days both the organizations, IKEA and Walmart operated under direct influence of the founders.

Where as Walmart still had a lot of key decisions directly made through the founders,

Key global expansion

Key local management

Everything was micro managed from the HQ through Sam.

But after the few years of success, the model of IKEA remained same but they went to several countries and became more regional.

Global decisions were made from The HQ under the direct supervision of Ingvar But all the key regional war was given to a CEO, who had all the decisions to make.

This way there was a lot of power sharing and responsibility distributed. In case of any problem, HQ has interruptions to make it correct.

This implies power and responsibility is more shared, though there would be some issues and adaptation changes that is expected, but it is differently structured than Walmart and would not suffer that much.

Therefore, No the effect would not be similar to that of Walmart leadership transition.

7 0

3 years ago

Abel Corporation uses activity-based costing. The company makes two products: Product A and Product B. The annual production and

Snezhnost [94]

Answer:

depreciable amor 10.95 dollars per Activity 2 base cost object.

Explanation:

$\frac{Activity\: Pool}{Activity \: base}= Activity\:Rate$

totoal expected cst: 35,040

activity 2 expected cost dirver Total 3,200

Activity rate: $35,040 cost pool / 3,200 driver expected amount = $10.95

7 0

3 years ago

The following information is available for Sheridan Company

Arte-miy333 [17]

Answer:

See below

Explanation:

Balance sheet as of December 31, 2022.

Current assets

Account receivable $2,000

Cash $6,280

Supplies $3,790

Total $12,070

Fixed assets

Equipment net $110,300

Inventory $2,810

Total $113,110

Total assets = $12,070 + $113,110 = $125,180

Current liabilities

Accounts payable $3,900

Interest payable $500

Salaries and wages payable $740

Notes payable $32,500

Total $37,640

Financed by;

Common Stock $52,500

Total liabilities + Common stock

= $37,640 + $52,500

= $90,140

6 0

3 years ago

If a certain household earns and spends $24,000 per year and, on the average, holds a money balance of $6,000, then the velocity

solong [7]

If a certain household earns and spends $24,000 per year and, on average, holds a money balance of $6,000, then the velocity of money for this household is 4.

A household consists of one or more people who live in the same dwelling and share meals. It can also consist of a single-family or another group. Households are the basic unit of analysis in many social, microeconomic, and government models and are important to economics and inheritance.

The definition of household relates to family or social units living together, or household behavior. You and your family members who live with you are an example of your household. Budgets and checkbooks are examples of household budget tools.

Learn more about household here:brainly.com/question/9417571
#SPJ4

4 0

1 year ago