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mars1129 [50]
2 years ago
15

After a business designates categories of expense in its budget, it a: applies a formula. b: appoints an accountant. c: allocate

s a dollar amount. d: attaches a time limit.
Business
1 answer:
jek_recluse [69]2 years ago
3 0

Answer:

c: allocates a dollar amount.

Explanation:

Budget is a systematic accounting record of expected expenses & receipts of  an entity, for a period of time.

Expenses categorization is an important stage of budget planning. After designating the expenses categories in budget, a business entity should - allocate a dollar amount to the total expenses & its further distribution within the categories.

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How long is the Amazon Prime free trial?
kompoz [17]
It is at a 30day free trail
4 0
3 years ago
Which item below is an incorrect statement about the difference between the discount rate and the federal funds rate? a) The fed
mestny [16]

Answer:

a) The federal funds rate has a higher interest rate than the discount rate to encourage borrowing

Explanation:

The Feds fund rate is the rate at which banks borrow from each other usually overnight, while the discount rate is the interest rate charged by the Fed to commercial banks for borrowing directly from the Fed.

These borrowings help the commercial banks meet up their liquidity requirements.

The discount rate is higher than the Fed funds rate. This is to encourage banks to borrow from each other instead of borrowing directly from the Federal Reserve.

The Fed fund rate also tends to affect the prime lending rate (rate at which banks lend money to their clients).

So the statement - The federal funds rate has a higher interest rate than the discount rate to encourage borrowing. Is not correct

5 0
3 years ago
"California Inc., through no fault of its own, lost an entire plant due to an earthquake on May 1, 2021. In preparing its insura
leva [86]
<h3>California Inc Estimated ending inventory is $319,000 </h3>

Explanation:

Goods available for sale = Beginning inventory + Net purchases

  • California Inc Beginning inventory $310,000
  • California Inc Net purchases = $905,000
  • California Inc Goods available for sale = $1,215,000

Gross profit = Net sales *  profit %

  • California Inc Net sales = $1,280,000
  • California Inc gross profit = 30%  
  • California Inc gross profit = $384,000

Estimated cost of goods sold = Net sales - Gross profit

  • California Inc Estimated cost of goods sold = $1,280,000 - $384,000
  • California Inc Estimated cost of goods sold = $896,000

Estimated ending inventory = Goods available for sale - Cost of goods sold

  • California Inc Estimated ending inventory = $1,215,000 - $896,000
  • California Inc Estimated ending inventory = $319,000

California Inc Estimated ending inventory is $319,000

3 0
3 years ago
On March 1, a designer received a check for $7,500 from a customer for services to be provided after the customer chose a color
lora16 [44]

Answer:

unearned service revenue 7,500 DEBIT

       service revenue 7,500 CREDIT

Explanation:

the job is complete on July 31th

so <em>we write-off the unearned service reveue</em>

and <em>we recognize the service revenue </em>for the whole amount of the contract

The cash receipt occurs on March 1st so w edon't haveto post anythign related to cash on July 31th.

the unearned revenue account is used first because the business has the obligation of perform the job or return the cash. So it is a liablity until the job is completed

7 0
3 years ago
Erica is an administrative assistant for a company with more than three thousand employees. She needs to send insurance document
stellarik [79]

Answer:

Send an e-mail to all employees

Explanation:

6 0
2 years ago
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