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Dafna11 [192]
3 years ago
8

What are the types of budget​

Business
1 answer:
levacccp [35]3 years ago
6 0

Answer:

Master budget: This is a type of budget where all the other budgets are aggregated.

Operating budget: This budget is used to cover operational costs.

Cash budget: As the name implies, it is used mainly for cash estimates.

Financial budget: Used for all financial transactions.

Labor budget: It is used to estimate what the labor cost will be.

Static budget: This type of budget is static and doesn't change.

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Allen visits Reno, Nevada, once a year to gamble. This year his gambling Critical Thinking loss was $25,000. He commented to you
sveticcg [70]

Answer:

The answer is: If Allen is a professional gambler, he can use his gambling losses to offset the income from his gambling activities.  

Explanation:

We can consider the airfare and hotel expenses as income part of Allen's income (+$3,000) but since he lost more money in the casino (-$25,000), the net effect is an economic loss (-$22,000).

That economic loss isn't tax deductible unless he was a professional gambler, then he could offset his income by $22,000.

5 0
4 years ago
Discount-Mart issues $10 million in bonds on January 1, 2018. The bonds have a ten-year term and pay interest semiannually on Ju
Ostrovityanka [42]

Answer:

6%

Explanation:

Given the following :

Amount of bond issued = $10,000,000

Cash paid = $300,000

Term of bond = 10years

Semiannual interest pay

The stated annual rate of interest on the bond can be calculated thus :

Rate of interest ;

Cash paid / Amount of bond issued

$300,000 / $10,000,000

= 0.03

0.03 * 100%

= 3% (semiannual interest)

Therefore, annual rate of interest :

Semiannual rate * 2

3% * 2 = 6%

4 0
3 years ago
Inventories do not include $15,000 of merchandise that was in transit on December 31, which was sold to a customer with terms f.
7nadin3 [17]

Answer:

They both have to be included in the inventory

6 0
3 years ago
Read 2 more answers
A stock price is currently $40. It is known that at the end of one month it will be either $42 or $38. The risk-free interest ra
mr_godi [17]

Answer:

$1.70

Explanation:

Given that,

Current stock price= $40

Strike price= $39

After a period of one month, two states will be achievable.

- First state

Stock price=$42

Option value= 42-39

=$3

- Second state

Stock price= $38

Option value= 0

Upmove size of first state is

U= 42/40 =1.05

Downmove size of the second state is

D=38/40=0.95

The values given for the upside probability is given as:

Rf= 0.08

t= 1/12

πu = 0.567

The downside probability is equal to:

= 1 - 0.567

= 0.433

Therefore, the present value of option is:

(0.567 × 3) + (0.43 × 0) / e^0.08 × 1/12

= 1.70

Thus, the value of a one-month European call option is $1.70

8 0
4 years ago
The Administrator of the state of Wisconsin has designated the Investment Adviser Registration Depository (IARD) as the approved
Valentin [98]

Answer:

In states where the administrator has designated the IARD as the method for filing registration applications electronically, two exemptions are available.  The exemptions are given in cases where the form that is filed cannot be accepted by the IARD and for hardships incurred through unexpected technical difficulties in filing. In such cases the investment adviser may file a manual application.

7 0
3 years ago
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