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3 years ago

in creating the master budget, the second budget a company prepares is the production budget. a. True b. False

Business

1 answer:

Rzqust [24]3 years ago

5 0

Answer:

In creating the master budget, the second budget a company prepares is the production budget.

a. True

Explanation:

When a company prepares the master budget, it first prepares the sales budget, followed by the production budget. The production budget calculates the costs of materials, labor, and overhead based on the number of units to be manufactured within the budget period. The units of products are derived from the sales forecast and the planned amount of ending finished goods inventory.

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Robert Necco and Nelson Packard are economists at Economic Research Associates. ERA asks Necco and Packard for their opinions ab

Lorico [155]

Answer: B) Correct Incorrect

Explanation:

Whilst it was generally believed at some point that raising taxes and Government Spending by the same amount would have no effect, research has disproven this thought.

This is because it was shown that an increase in Government Spending leads to a larger increase in GDP than an increase in taxes reduces it.

This is because when the Government spends money, the Multiplier effect of Government Spending is always 1 more than that of the Taxes therefore raising taxes and spending by the same amounts still increases the Real GDP because Government Spending will create more income than taxes will take.

Necco is right, Packard is wrong.

8 0

4 years ago

A college graduate in 1972 found a job paying $7,200. The CPI was 0.418 in 1972. A college graduate in 2005 found a job paying $

11111nata11111 [884]

Answer:

D. Less; Less

Explanation:

Given that

CPI in 2005 = 1.68

Wage in 1972 = 7200

Wage in 2005 = 30,000

CPI in 1971 = 0.418

Therefore,

Real wage in 1972 = wage in 1972/CPI in 1972

= 7200/0.418

= $17,224.88

Real wage in 2005 = wage in 2005/CPI in 2005

= 30000/1.68

=$17,857.14

Thus, from the given data 1972 job paid LESS in nominal terms (7200 < 30000) and LESS in real terms (17,244.88 < 17,857.14) than the 2005 job.

6 0

3 years ago

HELP PLEASE!!! YOU ARE TRYING TO DETERMINE HOW LONG TO STUDY FOR THIS EXAM. EXPLAIN ECONOMICALLY.

Natalija [7]

Answer: What kind of exam is it? Study as long as you can if its flashcards or practice problems.

Explanation:

This is the best way to study

7 0

3 years ago

Compute net income for 2019 by comparing total equity amounts for these two years and using the following information: During 20

marishachu [46]

Answer:

net income during 2019 = $109,045

Explanation:

total stockholder equity 2018 = assets - liabilities = $293,500 - $79,245 = $214,255

total stockholder equity 2019 = assets - liabilities = $497,512 - $177,212 = $320,300

change in equity from 2018 to 2019 = $106,045

$33,000 can be explained by additional capital invested, and the remaining $73,045 corresponds to change in retained earnings

change in retained earnings = net income - dividends distributed

$73,045 = net income - $36,000

net income = $109,045

3 0

3 years ago

Orange juice, a raisin bagel, and a cup of coffee from Kelly's Koffee Kart cost a total of $2.40. Kelly posts a notice annou

Hoochie [10]

Answer:

orange juice 0.80 dollar

Bagel 1 dollar

coffe 0.60 dollar

Explanation:

We construct the equation system:

$\left \{ {A+B+C = 2.40} \atop {1.5A+1.2B+C = 3}} \right.$

We subtract one from another to get an expression without C:

1.5A+1.2B+C - (A+B+C) = 3 - 2.40

0.5A + 0.2B = 0.6

Then, we solve in the first part to express B as an expression of A

considering the coffe is worth half of the new cost of A

C = 1.5A / 2 = 0.75A

A + B + C = 2.40

A + B + 0.75A = 2.40

B = 2.40 - 1.75A

And now we replace in the other expression to get A:

0.5A + 0.2(2.40 - 1.75A) = 0.6

0.5A - 0.35A + 0.48 = 0.60

0.15A = 0.12

A = 0.12/0.15 = 0.8

Now we solve for C:

C = 0.75A = 0.6

Last, for B:

A + B + C = 2.40

0.8 + B + 0.6 = 2.40

B = 2.40 - 0.8 - 0.6 = 1

8 0

3 years ago