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3 years ago

What is the role of the Office of Management and Budget?

2 answers:

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OMB's predominant mission is to assist the President in overseeing the preparation of the Federal budget and to supervise its administration in Executive Branch agencies.

Hope this help.Thank You!

Airida [17]3 years ago

3 0

Answer:

preparing and monitoring the national budget

Explanation:

You might be interested in

The main purpose of performance appraisal is to ________.

LUCKY_DIMON [66]

The main purpose of performance appraisal is to furnish feedback to organization members about how they can become more productive and useful to the organization in its quest for quality.

Therefore option C is correct

<h3>What is Performance appraisal?</h3>

Performance appraisal can be described as the periodic and systematic evaluation of the job performance of an employee and its subsequent documentation documented and evaluation in other to provide verifiable evidence to the management of an organization on the strengths and weaknesses of its employees.

The idea of performance appraisal should be viewed as a career enhancing prospect. Managers should endeavor to appraise their staff truthfully and honestly in other to bring about a healthy working environment.

Learn more about Performance appraisal at brainly.com/question/7595736

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4 0

2 years ago

Suppose that Freddie's Fries has annual sales of $520,000; cost of goods sold of $395,000; average inventories of $11,000; avera

Nadusha1986 [10]

Answer:

8.78

Explanation:

The computation of the cash cycle is given below;

We know that

Cash cycle = Inventory conversion period + Receivables conversion period - Payables conversion period.

Here

1. Inventory conversion period = Avg. Inventory ÷ (COGS ÷365)

= (11,000) ÷ (395000 ÷ 365)

= 10.16

2. Receivables conversion period = Avg. Accounts Receivable ÷ (Credit Sales × 365)

= (27000/520000) × 365

= 18.95

3. Payables conversion period = Avg. Accounts Payable ÷ (Purchases × 365)

= (22000 ÷ 395000) × 365

= 20.33

Now the cash cycle is

= 10.16 + 18.95 - 20.33

= 8.78

8 0

3 years ago

Altoid Company sold most of its inventory produced during the period. The manager needs to close the $1,200 balance of Manufactu

Likurg_2 [28]

Explanation:

The journal entry to close the books is

Cost of Goods sold A/c Dr $1,200

To Manufacturing Overhead A/c $1,200

(Being the under-applied overhead is recorded)

Since the jobs were undercosted, that means the overhead is applied under overhead so we debited the cost of goods sold account and credited the manufacturing overhead account. Both the items are recorded for $1,200

5 0

4 years ago

Sarah owns and operates a retail sporting goods business as a sole proprietor. Her store is located on the ground floor of a two

Soloha48 [4]

Answer:

A. $70,000

Explanation:

From the information given, we discover that

Gross profit from sporting goods business = $100,000

Subtract: other Expenses = 11500

Subtract: Building depreciation expenses (10000 × 55%) = 5500

Subtract: Mortgage Interest (10000 × 55%) = 5500

Subtract: Depreciation on vehicle used for business = 3000

Less: Utilities for Ground Floor = 4500

Net Self employment Income = $70,000

Note that 55% is used for ground floor, it is calculated as 100 - 45% used by tenant, therefore, for business purpose 55% will be taken.

7 0

3 years ago

Read 2 more answers

Brewster’s is considering a project with a 5-year life and an initial cost of $120,000. The discount rate for the project is 12

Ket [755]

Answer:

NPV = $27,792

Explanation:

Net Present Value = Present Value of Future Cash Flows - Initial Investments

To compute the Present value of Future Cash Flows, we need to first compute the cash inflows during the life of the project:

Year 1: 2,100 * 20 = $42,000

Year 2: 2,100 * 20 = $42,000

Year 3: 2,100 * 20 = $42,000

The units of Year 4 and Year 5 are calculated as follows:

⇒ (0.5 * 1,400) + (0.5 * 2,500) = 1,950 units

Year 4: 1,950 * 20 = $39,000

Year 5: 1,950 * 20 = $39.000

Now, discount the cash inflows at a rate of 12% to calculate the Present Value of Future Cash Flows

⇒ 42,000 + 42,000+ 42,000 + 39,000 + 39,000

(1.12)^1 (1.12)^2 (1.12)^3 (1.12)^4 (1.12)^5

⇒ 37,500 + 33,482 + 29,895 + 24,785 + 22,130

⇒ $147,792

Net Present Value = Present Value of Future Cash Flows - Initial Investments

NPV = 147,792 - 120,000

NPV = $27,792

3 0

3 years ago