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
melisa1 [442]
3 years ago
14

Which of the following statements is true? a. The production budget is not converted into dollars. b. The sales budget includes

both units and dollars. c. The overhead budget is typically composed of variable overhead and fixed overhead. d. The direct labor budget uses an average wage rate for direct labor. e. All of these choices are correct.
Business
1 answer:
Svetllana [295]3 years ago
8 0

Answer:

e. All of these choices are correct.

Explanation:

Note:

Statement a. about production budget is correct as the production budget only estimates number of units to be produced, in quantity and not in dollars and therefore is not converted into dollars.

Statement b. about sales budget is also correct as it shows the quantity in units and also in value.

Statement c. about overhead budget is also correct as the budget segregates variable and fixed overheads properly.

Statement d. about labor budget is correct, as in this budget an average rate is used for calculating the expenses.

Therefore all of the above is correct.

You might be interested in
Zephyr Inc. sells wind based systems for generating electricity. The company pays no dividends, but you estimate the stock will
kari74 [83]

Answer:

The price you should be willing to pay for this stock= $24.86

Explanation:

To estimate the stock will be worth $50 per share 5 years from now and you require a 15% rate of return for stock investments of this type . Therefore  50= xX1.15^5  by solving this equation we have  x= 24.86  . The price you should be willing to pay for this stock= $24.86

7 0
3 years ago
Ray invested in two different savings bonds. Did he diversify?<br><br> yes<br> no
Artyom0805 [142]
Yes, because Ray investing in two different saving bonds is basically  diversification. 
6 0
3 years ago
What are the three questions you need to ask yourself before you start investing
Leto [7]

Explanation:

Is the seller licensed?

Is the investment registered?

How do the risks compare with the potential rewards?

Do you understand the investment?

6 0
2 years ago
A property consists of 8 office suites, 3 on the first floor and 5 on the second floor. The contract rents are as follows: 2 sui
tangare [24]

Answer:

$89,100

Explanation:

Let us first calculate annual gross rent for Year 1:

Total rent per month:

= 2 suites at $1,800 + 1 suites at $3,600 + 5 suites at $1,560

= $3,600 + $3,600 + $7,800

= $15,000

Annual gross rent = Total rent per month × 12

                              = $15,000 × 12

                              = $180,000

Effective gross revenue = Potential gross rent revenue - Vacancy and connection losses (10% of potential gross rent)

                                        = $180,000 - $18,000

                                        = $162,000

Net operating income = Effective gross revenue - Operating expenses including depreciation

                                      = $162,000 - $72,900

                                      = $89,100

6 0
3 years ago
Which term describes what a manufacturer spends for goods or services?
Hoochie [10]
Thank you for posting your question here at brainly. I hope the answer will help you. Feel free to ask more questions.

Cost is a <span>term describes what a manufacturer spends for goods or services.

</span>In production, research, retail, and accounting, a cost<span> is the value of money that has been used up to produce something, and hence is not available for use anymore. In business, the </span>cost<span> may be one of acquisition, in which case the amount of money expended to acquire it is counted as </span>cost<span>.</span>
4 0
3 years ago
Read 2 more answers
Other questions:
  • ​Moe's Pizza Shop sells a large pizza for​ $12.00. Unit variable expenses total​ $8.00. The breakeven sales in units is​ 7,000 a
    15·1 answer
  • which character is described in these lines? "the man-rular famous, the long worthy atheling, sighed for his liegemen
    8·2 answers
  • Match each scenario with the correct term. IPO, stock, mutual fund and NASDAQ. These are the scenarios:
    14·2 answers
  • Maribel is putting the finishing touches on her slide presentation. She wants
    11·2 answers
  • MC Qu. 128 Leeks Company's product has... Leeks Company's product has a contribution margin per unit of $13.57 and a contributio
    14·1 answer
  • Fauver Industries plans to have a capital budget of $650,000. It wants to maintain a target capital structure of 40% debt and 60
    7·1 answer
  • Landhill Corporation is authorized to issue 49,000 shares of $5 par value common stock. During 2020, Sandhill took part in the f
    7·1 answer
  • What's the first step in starting a business
    7·1 answer
  • In the books of seller, ____ is deducted from the invoice price when the buyer pays earlier or on the date/term stipulated
    7·1 answer
  • Laissez-faire is an economic: Multiple Choice precept because it is the logical conclusion of a model with widely held assumptio
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!