Self-employment is an individual business or contract by a person. Some tips like a zero-based budgeting plan, no over-expenses, and saving can be used for budgeting.
<h3>What is budgeting?</h3>
Budgeting is the development of plans and strategies to save the funds and their employment in wise use. It can also be called a spending plan.
For a self-employed person to save money, they should use a zero-based budgeting strategy, not overspend in case of over-earning and save some amount of money every time by default.
Learn more about budgeting here:
brainly.com/question/15683430
#SPJ4
Answer:
$144,940
Explanation:
machine costing = $133,000
freight charges = $3,300
special mounting and wiring connections costing = $11,300
Discount rate = 2%
Compute the machine cost as given below:
Machine cost:
= Purchase price × (1 - Discount rate) + Freight charges + Special mounting and wiring connection cost
= 133,000 × (1 - 2%) + $3,300 + $11,300
= $144,940
To adjust for rent used up during the year that was recorded to the prepaid rent account when paid for;
- Rent expense is debited, prepaid rent is credited
<h3>Prepaid rent account</h3>
A prepaid rent account simply a current asset account that's responsible for reporting the amount of future rent expense that was paid in advance of the rental period.
On this note, the amount reported on the balance sheet is the amount that has not yet been used or expired as of the balance sheet date.
Read more on prepaid rent account;
brainly.com/question/1202504
To find the margin of safety in dollars, subtract the breakeven sales from the budged or actual sales.
Current sales are 41,800 units
Break even point in units is 33,900
Cost per unit is $170
(33,900)($170) = $5,763,000
(41,800)($170) = $7,106,000
The margin of safety in dollars is:
$7,106,000 - $5,763,000 = $1,343,000
The correct answer is layers of management. Layers of
management is defined as a centralized, bureaucratic organization structure by which
it is composed of three levels of management that are; top-level, middle level,
and first level managers that are less top level managers.
