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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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Express the following comparative income statements in common-size percents. (Round your percentage answers to 1 decimal place.)

Mariulka [41]

Answer:

GOMEZ CORPORATION

Comparative Income Statements

For Years Ended December 31

Current Year Prior Year

$ % $ %

Sales $785,000 100 $640,000 100

Cost of goods sold 568,100 72.4 288,800 45.1

Gross profit 216,900 27.6 351,200 54.9

Operating expenses 130,400 16.6 221,600 34.6

Net income $86,500 11.0 $129,600 20.3

The figure used to calculate the percentages is that of sale revenue. Each figure is expressed as a percentage of sales to determine the percent of expenses , profits etc.

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3 years ago

Abigail is shopping for a new copier for her company. She has set her price range between $5,000 and $6,000. The copier must han

expeople1 [14]

Answer:

Option "C" is the correct answer to the following situation.

Explanation:

Bounded rationality is the concept that we make informed decisions but within the constraints of the information available to each other and our intellectual capacity.

Bounded rationality is the belief that the wisdom of people in decision-making is restricted by the knowledge they have, the logical capacities in their brains and the small number of hours they need to make a decision.

Therefore, option "C" is correct answer

7 0

3 years ago

On the basis of your findings in part (c), comment on the sensitivity of changes in EBIT in response to changes in sales. (Se

lina2011 [118]

Answer:

option b. EBIT is more sensitive to changing sales levels; it increases/decreases about twice as much as sales.

A Change in Sales the will lead to a great change in EBIT

that is for a percent change in sales, will lead to a greater change in EBIT

Explanation:

6 0

3 years ago

Harold Manufacturing produces denim clothing. This year, it produced 5,290 denim jackets at a manufacturing cost of $42.00 each.

Lerok [7]

Answer:please see answer below

Explanation:

Alternative 1 ----sell told a second hand shop

Incremental revenue=5,290*8= f $42,320

Incremental cost=0

Incremental incomea Revenue -cost =$ 42,320

Alternative 2,---disassembling and sell to recycler

Incremental Revenue=5290*11=58,190

Incremental cost 32,220

Incremental income Revenue-cost=58190-32220=$ 25,990

Alternative 3 Reworking to sell at normal price

Incremental revenue =45*2950= 132, 750

Incremental cost=102,500

Incremental income=132,750-102,500= $ 30250

Incremental income for the three alternatives is given as

Ist alternative to sell to second hand shop= $ 42,320

2nd alternative to dissemble and sell to recycler= $ 25,990

3rd alternatively rework to sell at regular price= $ 30,250

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3 years ago

Read 2 more answers

A goal that you want to achieve within the next year is what type of goal? A. A budget goal B. A financial goal C. A short-term

olya-2409 [2.1K]

A. a budget goal ....

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3 years ago