All categories

3 years ago

When budgeting for your immediate needs, you should divide them into what two categories of expenses

Business

2 answers:

tino4ka555 [31]3 years ago

7 0

Answer:

discretionary and fixed expenses.

Explanation:

The primary expenses of any organization are broken down into fixed and discretionary. Fixed expenses refer to commitments established in the legislation: individual rights (social security, social assistance, unemployment insurance, etc.) constitutional minimum, bonds and salaries of civil servants, for example. Discretionary expenses are those over which the organization has some degree of decision, such as flow control expenses, for example.

In summary, when planning your immediate needs, you should divide them into two categories of expenses: discretionary and fixed expenses.

Usimov [2.4K]3 years ago

5 0

Fixed expenses and flexible expenses or Discretionary expenses

You might be interested in

Which of the following statements is true? a. The production budget is not converted into dollars. b. The sales budget includes

Svetllana [295]

Answer:

e. All of these choices are correct.

Explanation:

Note:

Statement a. about production budget is correct as the production budget only estimates number of units to be produced, in quantity and not in dollars and therefore is not converted into dollars.

Statement b. about sales budget is also correct as it shows the quantity in units and also in value.

Statement c. about overhead budget is also correct as the budget segregates variable and fixed overheads properly.

Statement d. about labor budget is correct, as in this budget an average rate is used for calculating the expenses.

Therefore all of the above is correct.

8 0

3 years ago

Scrumptious Snacks Inc. manufactures three types of snack foods: tortilla chips, potato chips, and pretzels. The company has bud

beks73 [17]

Answer:

Results are below.

Explanation:

First, we need to calculate the number of processing hours:

Processing hours= (0.25*3,000) + (0.1*6,000) + (0.3*3,500)

Processing hours= 750 + 600 + 1,050

Processing hours= 2,400

Now, we can calculate the predetermined overhead rate:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 207,000 / 2,400

Predetermined manufacturing overhead rate=$86.25 per processing hour

To allocate overhead, we need to use the following formula:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Tortilla chips= 86.25*75= 64,687.5

Potato chips= 600*86.25= 51,750

Pretzels= 86.25*1,050= 90,562.5

Finally, the unitary cost:

Tortilla chips= 64,687.5 / 3,000= $21.56

Potato chips= 51,750 / 6,000= $8.63

Pretzels= 90,562.5 / 3,500= $25.88

8 0

2 years ago

Which of the following is an example of a sunk cost?

coldgirl [10]

Answer:

The correct answer is option D.

Explanation:

Sunk costs can be defined as those costs which already been incurred and cannot be recovered anymore. These costs are excluded from business decision making.

It is can be referred to as a cost that is no longer relevant.

The $8 paid for a ticket, after the person starts watching the movie is a sunk cost as it cannot be recovered anymore.

Sunk costs are contrasted to relevant cost which is yet to be incurred in the future. Cost pf machinery, equipment, etc are examples of sunk cost.

3 0

3 years ago

A person who can afford a monthly payment of and signs a loan

Bond [772]

Answer:

4000

Explanation:

5 0

2 years ago

Can poor ethics lead to criminal behavior?

Paladinen [302]

Answer:

Yes, because they lead people to make poor decisions.

Explanation:

7 0

2 years ago

Read 2 more answers