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Andreas93 [3]
3 years ago
6

Which of the following represents the correct order in which the indicated budget documents for a manufacturing company would be

prepared? A. Sales budget, cash budget, direct materials budget, direct labor budget B. Production budget, sales budget, direct materials budget, direct labor budget C. Sales budget, cash budget, production budget, direct materials budget D. Selling and administrative expense budget, cash budget, budgeted income statement, budgeted balance sheet
Business
1 answer:
Sonja [21]3 years ago
6 0

Answer:

Explanation:

For representing the budgeted documents in the correct order, the following ordering should be required which is shown below:

1. Sales budget

2. Production budget

3. Direct materials budget

4. Direct labor budget

5. Selling and administrative expense budget

6. Cash budget,

7. The budgeted income statement,

8. Budgeted balance sheet

First, the company has to decide how much sale is to be done in a particular year after that company can decide the purchase amount, after that material, labor and other selling expenses are required.  

Then, the cash budget should be prepared which shows the cash inflow and cash outflow position of a business. At last, the Budgeted income statement and the Budgeted balance sheet should be prepared.

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Answer:

This statement about finance is true.

Explanation:

Finance can be defined as the study of money management and activities related to it. It is concerned with allocation of assets and liabilities. It can categorized into three types, public, personal and corporate.

Studying finance is important for business students, irrespective of their majors as finance is crucial part of any business and plays a very vital role in the working of any organization. Finance lies at the core of the business decision making. It is thus necessary to understand the concept of finance.

Also, to all individuals, knowledge of finance is helpful as it is involved in our daily lives, in paying our bills and managing our taxes or in loans and mortgages.

4 0
3 years ago
when commercial farming proposals have promised more jobs in zambia, why have there been job losses at the farm taken over by ch
bekas [8.4K]

The commercial farms have not offered assistance to the nearby subsistence farmers.

<h3>What is commercial farming?</h3>

Commercial farming is done to cultivate crops and cattle in order to gain money. Crops can be sold directly to consumers and businesses or processed into products like juices, jellies, pickles, and other foods.

Commercial agricultural practices: the raising of animals and food for market, frequently utilizing current technology.

Thus, The commercial farms have not offered assistance to the nearby subsistence farmers.

For more information about commercial farms, click here:

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4 0
1 year ago
You are the financial manager of the Crossrail 1 project in London. The Board overseeing the project, acting on behalf of the UK
-BARSIC- [3]

Crossrail 1 project is about to start in London.

This project will require an initial investment of 9.4 billion. The project will start earning cash flows from year  and it will continue to year 60 which is useful life of the project.

The NPV for the project will be 7.36 which is positive. The correct answer is c.

The payback period for project is 13.04 years which is given in the option a so correct answer is a.

The internal rate of return for the project is b. 7.35 .

Based on our analytics and calculation since NPV is positive so cross rail project is beneficial. The board should consider launching this project.

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8 0
3 years ago
Why would a Roth 401(k) investment plan allow you to invest the most amount of money?
ycow [4]

Answer:

401k

Explanation:

investment plan allow you to invest the most amount of money? ... A Roth 401(k) plan takes money after tax has been removed from gross income, and has a contribution limit, but withdrawal is tax free. A Roth Individual Retirement Account allows you to draw a fixed amount that is not taxed.

3 0
3 years ago
Money, Inc., a calendar year S corporation in Denton, Texas, has two unrelated shareholders, each owning 50% of the stock. Each
ratelena [41]

Answer:

See below

Explanation:

a. At the end of the year, before distribution, each shareholder's basis

= $400,000 + $100,000 + $50,000

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b. After the distribution, each shareholder's basis is

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c. Therefore, each shareholder has

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3 0
3 years ago
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