Top down/bottom up budgets, lack of control, poor inventorying, lack of staff investment, over control are the least effective financial management practices in creating and monitoring an operating budget.
The operating budget includes the expenditures and revenues generated by the company's daily business functions. The operating budget focuses on operating expenses, such as the cost of goods sold in the market, also known as the cost of sold goods (COGS), and revenue or income. COGS is the cost of direct labor and direct materials used in the production process.
The operating budget also includes overhead and administration costs that are directly related to manufacturing goods and providing services. However, capital expenditures and long-term loans will not be included in the operating budget. Budgets for sales, production process or manufacturing, labor, overhead, and administration are a few examples of frequently utilized operating budgets.
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Answer:
Entry is given below
Explanation:
Bought shares 6 months ago = 400shares x $60/share
Bought shares 6 months ago = $24,000
Sold shares = 400shares x $40/share
Sold shares = $16,000
Loss on sales proceeds = $24,000 - $16,000
Loss on sales proceeds = $8,000
Entry:
DEBIT CREDIT
Cash $16,000
Loss on sale $8,000
Shares $24,000
<span>C. state, county, and city governments
As the name would suggest, a</span> municipal bond is a bond issued by a local government or territory.
Answer:
c. $8013.29
Explanation:
The retained earnings is the accumulated net earnings/losses over the period of existence of an entity. This is usually posted to the retained earnings accounted for as part of owners equity on the face of the balance sheet net the dividend paid.
The net income is the difference between the sales and all expenses including depreciation.
Let the depreciation be d
Net income = retained earnings + dividend
= $4221 + $469
= $4,690
$4,690 = 0.79 ($30,600 - $15,350 - $1,300 - d)
The 0.79 being the net of the tax which is the 21% applied on the net of sales and expenses.
d = $13,950 - $5,936.71
d = $8,013.29
Answer:
Government of South Africa
Explanation:
