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
chubhunter [2.5K]
3 years ago
6

1. A master budget________. a) is the initial plan of what the company intends to accomplish in the period and evolves from both

the operating and financing decisions.b) is only prepared for manufacturers as they are the only type of company with material purchases and work-in-process accounts. c) improves companies' market capitalization and evolves from both the investing and financing decisions d) is another name given to the financial budget 5 points.2. The operating budget process generally concludes with the preparation of the________. a. production budget.b. cash flow statement.c. balance sheet.d. budgeted income statement.
Business
1 answer:
Korolek [52]3 years ago
6 0

Answers:

The correct answer is 1. a) is the initial plan of what the company intends to accomplish in the period and evolves from both the operating and financing decisions. 2. d. budgeted income statement.

Explanation:

To begin with, a budget is an estimate of the expected results of a specific area in a given period, mainly one year. For its part, the master budget is a plan that covers all areas of the company, and can be adjusted depending on the situations or events that influence the achievement of results. This tool allows a projection of the expected returns taking into account a previous base and the current situation of the sector in which it is located, which is why it is important because it allows drawing a road map for the benefit of all collaborators.

You might be interested in
When effective communication affected your success at work
artcher [175]

Answer:

Being able to communicate at school and in the workplace may mean the difference between success and failure. With your peers, communication helps you to engage and find common ground, allowing you to build friendships that not only last a lifetime, but may lead to future employment opportunities.

Explanation:

8 0
3 years ago
In response to a shortage caused by the imposition of a binding price ceiling on a market,
Margaret [11]

In response to a shortage caused by the imposition of a binding price ceiling on a market,

a. price will no longer be the mechanism that rations scarce resources.

b. long lines of buyers may develop.

c. sellers could ration the good or service according to their own personal biases.

A binding price ceiling is when the government or an agency of the government sets the maximum price of a good or service below the equilibrium price.

When price of a good is set below the equilibrium price of the good, the producer surplus would decreases and the consumer surplus would increase. This would lead to an excess of demand over supply. As a result, a shortage would occur. As a result of the shortage, black markets would occur.

To learn more about a price ceiling, please check: brainly.com/question/24312330

6 0
2 years ago
In February of each year, the Carlton Hotel holds a very popular wine tasting event. Tickets must be ordered and paid for in adv
vodka [1.7K]

The realisation principle indicates that the revenue from these ticket sales should be recognised in the period in which the Wine tasting is held.

Explanation:

It complies with Revenue Recognition Accounting Policy 9. It will be a burden for the organization, until the moment services are provided for which the money is taken.

Revenue recognition is a GAAP which defines the specific conditions under which revenue can be recognized. Revenue recognition is a generally accepted concept of accounting. In fact, when the crucial event happened, profits are remembered and the value of the profit for the company is tangible.

For Example, when a product is sold, the profit accounting is relatively straightforward, and the customer pays the products. Nevertheless, the fact that a company takes a long amount of time to manufacture a commodity will confuse accounting. Consequently, there are a number of situations in which the concept of acknowledgment of profit may be excepted.

8 0
3 years ago
When industries are limited by the size of the domestic market, opening trade to the world markets will likely lead to ________
kari74 [83]

Answer: c) economies of scale; increase

Explanation:

When industries are limited by the size of the domestic market, opening trade to the world markets will likely lead to economies of scale and increase real GDP per capita in the domestic country.

When this industry choose to break out of this limitation placed on them due to the small size of market in their country, the idea of opening trade to the world market would lead to reduction in production costs since they now have a larger market (and thus produce more). Also, the real GDP per capita in the domestic country should increase since the company in this domestic nation has expanded its production to the world market.

NOTE:

Economies of scale occur when the cost of production is now reduced because there is an increase in a company's production.

4 0
4 years ago
Minor Company installs a machine in its factory at the beginning of the year at a cost of $135,000. The machine's useful life is
Karo-lina-s [1.5K]

Answer:

The answer is E. $24,000

Explanation:

Straight line depreciation method equals

Cost of asset - salvage value / number of years.

Cost of asset is $135,000

Salvage value is $15,000

Number of years is 5 years

$135,000 - $15,000/5 years

$120,000/5 years

=$24,000

Straight line method of depreciation has equal amount all through the year.

The first year through it end life.

Therefore, machines' first year depreciation under the straight-line method is $24,000

6 0
4 years ago
Other questions:
  • What is revolving credit? A. Credit when the borrower makes regular monthly payments B. Credit that requires payment in full on
    5·2 answers
  • The lesson of easter island was that ________. economics is an important facilitator of sustainable societies conservation of re
    9·1 answer
  • Management innovations such as total quality, benchmarking, and business process reengineering cannot lead to sustainable compet
    11·1 answer
  • Marin Factory provides a 2-year warranty with one of its products which was first sold in 2017. Marin sold $940,900 of products
    12·1 answer
  • The owner of a building supply company has requested a cash budget for June. After examining the records of the company, you fin
    9·1 answer
  • Is Aquaman destructible?​
    6·1 answer
  • Question 6 of 10
    14·2 answers
  • Why do corporations, companies, and government agencies use formal application forms?
    5·1 answer
  • What is a public enterprise?<br><br>answer the question ✌​
    6·1 answer
  • How has information technology impacted the economy? choose three answers. it has allowed economists to better predict how resou
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!