Answer:
b) prepared list of each type of income and expense that will be part of the budget.
Explanation:
A budget is a financial plan used for the estimation of revenue and expenditures of an individual, organization or government for a specified period of time, often one year. Budgets are usually compiled, analyzed and re-evaluated on periodic basis.
The first step of the budgeting process is to prepare a list of each type of income and expense that will be part of the budget.
The final step by the management of an organization in the financial decision making process is making necessary adjustments to the budget.
The benefits of having a budget is that it aids in setting goals, earmarking revenues and resources, measuring outcomes and planning against contingencies.
Answer:
$31,430
Explanation:
A project will reduce costs by $38,500
The project will have an increased depreciation of $18,300
The tax rate is 35%
= 35/100
= 0.35
Therefore, the operating cash flow can be calculated as follows
Operating cash flow= reduction in project cost×(1-tax rate)+(increase in the depreciation amount ×tax rate)
= $38,500×(1-0.35)+($18,300×0.35)
= $38,500×0.65+6,405
= $25,025+$6,405
= $31,430
Hence the operating cash flow is $31,430
Answer:
foreign investors are allowed to become LLC members.
Explanation:
Limited Liability Companies (LLC)
This type of company in the US It offers an interesting alternative to its members in the sense of combining the benefits of the two most used forms of association such as "corporations" and "partnerships". Of the characteristics of the “corporations”, the LLCs offer limited liability (as opposed to the general partnerships) and of the characteristics of the “partnerships”, the LLCs have the possibility to pass-through the income tax and of losses Similarly, the management of the company may be either at the head of its members, or at the head of a company administrator, as provided by its bylaws. It is for the above, that LLCs have become an attractive alternative within the forms of association
In the USA.
In addition, one of the great advantages that it possesses thanks to the political regulations that it presents is that foreigners have permission to become members of LLC
“However, amid ongoing socio-political concerns and consumers' disposable income under pressure, what South Africa needs now is an injection of confidence that will stimulate the economy and drive investment. ... Consumer confidence has been dented as household finances have had to adjust to reduced disposable income.
