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3 years ago

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The usual starting point for a master budget is: Select one: a. the direct materials purchase budget. b. the budgeted income sta

tement. c. the sales forecast or sales budget. d. the production budget.

1 answer:

german3 years ago

6 0

Answer:

the production budget

I think that's the answer

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Heritage, Inc., had a cost of goods sold of $44,021. At the end of the year, the accounts payable balance was $8,043. How long o

katrin2010 [14]

Answer:

it will take 66.69 days to pay off its supplier

Explanation:

We have given cost of goods sold = $44021

And account payble balance = $8043

Credit turnover ratio will be equal to

Credit turnover $=\frac{cost\ of\ goods\ sold}{average\ account\ payble}=\frac{44021}{8043}=5.473times$

We know that 1 year = 365 days

So number of days will be equal to $=\frac{365}{5.473}=66.69days$

So it will take 66.69 days to pay off its supplier

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4 years ago

Why is an integrated baseline review important for earned value management implementation?

elena-s [515]

Organizations that have never dealt with one or never established an Earned Value Management System frequently undervalue the importance of the IBR (EVMS). An IBR: Offers a chance to contrast the expectations of the Customer Program Manager(s) with those of the Contractor Program Managers who are actually executing the project.

<h3>Why is an integrated baseline review important?</h3>

The IBR creates a shared knowledge of the baseline for project performance measurement. Through this knowledge, a plan of action for assessing the risks present in the program's performance measurement baseline and the management procedures in use during project execution will be agreed upon.

<h3>What is earned value management?</h3>

In order to monitor progress against a baseline, identify issues, and anticipate cost (and, to some extent, schedule) at completion, Earned Value Management (EVM), a project performance management technique, integrates cost, schedule, technical scope, and risk.

Learn more about integrated baseline review: brainly.com/question/14319126

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8 0

2 years ago

The comparison of two things using like or as

oksano4ka [1.4K]

A comparison between two things<span> that does </span>use<span> "like" or "as" is a simile </span>

5 0

4 years ago

Read 2 more answers

Wages that have been earned by the employees of a governmental unit, but not paid at year-end, should be recorded in the General

maxonik [38]

Answer:

Expenditures

Explanation:

Wages are expenses. They are debited in the expenditures account. A general fund is used by the government to record the cash transactions as expenses or revenues. Therefore wages will be recorded as expenditures of the given period.

Fund balance is determined by accumulated expenditures over revenue.

Fund accounting includes general ledger , endowment ,grant. And general ledger has income and expense

5 0

4 years ago

Kevin Oh is planning to sell a bond that he owns. This bond has four years to maturity and pays a coupon of 10 percent on a semi

ser-zykov [4K]

Answer:

The price of the Bond is $937.9

Explanation:

Price of bond is the present value of future cash flows, The coupon payment and the face value are discounted separately and added together to make the price of the bond. To calculate Price of the bond use following formula

Price of the Bond = C x [ ( 1 - ( 1 + r )^-n ) / r ] + [ F / ( 1 + r )^n ]

As the payments are made on semiannual basis so, all the calculation will be made accordingly

Assuming Face value of the bond is $1,000.

Coupon payment = 1000 x 10% = $100 annually = $50 semiannually

Number of periods = n = 4 years x 2 = 8 periods

Yield to maturity = 12% annually = 6% semiannually

Price of the Bond =$50 x [ ( 1 - ( 1 + 6% )^-8 ) / 6% ] + [ $1,000 / ( 1 + 6% )^8 ]

Price of the Bond = $50 x [ ( 1 - ( 1.06 )^-8 ) / 0.06 ] + [ $1,000 / ( 1.06 )^8 ]

Price of the Bond = $310.49 + $627.41

Price of the Bond = $937.9

7 0

3 years ago