Answer:
$5,960
Explanation:
Fixed portion of Miscellaneous expenses = $2,000
Variable portion of Miscellaneous expenses = ($5,300 - $2,000) / $275,000
= $3,300 / $275,000
= $0.012 of sales
Miscellaneous expenses in the Year 2 selling expense budget = (Budgeted sales * Variable portion) + Fixed portion
= ($330,000 * $0.012) + $2,000
= $3,960 + $2,000
= $5,960
Master budget is an expensive strategy and some of the major elements that form the master budgets are the over head and the production the cost and the expenses . The budgeting process is master budgeting and it is always effective
Explanation:
Master budgeting is something that includes the future calculated value and the future income and the expenses of the company and the level at which the expenses are maintained are all contained in the master budget
There are two types of budgets the operational budgets and the financial budgets and the main elements of the master budgets are the overall incomes and the expenses the future investments the predicted total production of the company are all taken into account
The complete sentences using the production possibility schedule are when producers have a lower opportunity cost, they are at a comparative advantage, higher tax returns process more quickly compared to lower tax returns, and making sales is more successful when there are more calls.
<h3><u>Comparative advantage: what is it?</u></h3>
An economy has a comparative advantage if it can produce a certain good or service at a lower opportunity cost than its trading partners. Comparative advantage is a theory that explains why trade is advantageous for businesses, nations, and people alike.
Comparative advantage, when used to describe international trade, refers to the goods that one country can produce more easily or more affordably than another. While this typically demonstrates the positive effects of trade, some modern economists now acknowledge that concentrating only on comparative advantages can lead to resource exploitation and depletion in a nation.
Learn more about the comparative advantage with the help of the given link:
brainly.com/question/13221821
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Answer:
Explanation: current assets are assets other than fixed asset that a company uses in its day to day operations and are noted in the Balanced sheet of an organisation and they include:
Cash, Account receivable, Inventory, Supplies.
From the above question, the current asset of Buffalo Industries is stated below:
Balanced Sheet (extract)
Current assets :
Cash $97,340
Merchandise inventory $167,950
Supplies. $12,560
Total current asset. $277,850
Answer:
increases the number of dollars in the hands of the public and decreases the number of bonds in the hands of the public.
Explanation:
Open market operations is one of the tools used by regulatory agencies to control supply of cash in the economy. This is done to control economic indices like inflation and deflation.
During open market operations the regulatory body can sell securities to reduce cash in the economy or buy securities to increase cash supply.
In this instance an open market purchase involves buying of securities from the public. The public will have more cash on hand and less of the securities (bonds).
