All categories

2 years ago

In your own words,explain why creating a budget and sticking to it is so important. Answer in at least 3-5 complete sentences.

1 answer:

3 0

It help you to keep your eyes on your prices

It helps ensure you don’t spend money you don’t have

It helps to prepare for emergencies

You might be interested in

The Assembly Department shows the following information: Beginning Work in Process Ending Work in Process Units Transferred Out

Margarita [4]

Answer:

a) 75600.

Explanation:

Given;

Beginning Work in Process = 19900

Ending Work in Process = 65300

Units Transferred Out Units = 30200

Total units are to be accounted= x

19900 - 30200 + x = 65300

x = 65300 - 19900 + 30200

x = 75,600

4 0

3 years ago

Craigmont uses the allowance method to account for uncollectible accounts. Its year-end unadjusted trial balance shows Accounts

sineoko [7]

The amount of the bad debts expense adjusting entry is:$7665.

<h3>Bad debt expenses</h3>

Using this formula

Bad debt expenses=Sales×Estimated sales percentage

Where:

Sales=$1,095,000

Estimated sales percentage=0.7%

Let plug in the formula

Bad debt expenses=$1,095,000×0.7%

Bad debt expenses= $7,665

Therefore the amount of the bad debts expense adjusting entry is:$7665.

Learn more about bad debt expenses here:brainly.com/question/18568784

#SPJ1

5 0

2 years ago

Unemployment insurance makes workers _____ likely to negotiate for job security when searching for a job and _____ likely to hav

vlada-n [284]

Unemployment insurance makes workers less likely to negotiate for job security when searching for a job and more likely to have a long job search.

Explanation:

Unemployment insurance is a compensation protection where people lost their jobs and follow all eligibility criteria without blame.

Unemployment insurance Workers who are self-employed and willingly fired do not have a career security policy and have to use discretionary funds to cover cases where there is no work available. State governments pay a jobless insurance

Unemployment insurance supports unemployed workers actively seeking work with cash scholarships. The Federal Unemployment Tax Act (FUTA) and state employment programs offer benefits for qualifying unemployed workers. There was a misunderstanding. Most employers pay FUTA tax on federal and state unemployment.

7 0

3 years ago

[The following information applies to the questions displayed below.] Laser Delivery Services, Inc. (LDS), was incorporated Janu

Rasek [7]

Answer:

Date Account Details Debit Credit

Cash $27,000

Common Stock $27,000

Date Account Details Debit Credit

Land $9,000

Notes Payable $9,000

Date Account Details Debit Credit

Vehicles $18,000

Cash $2,000

Notes Payable $16,000

Date Account Details Debit Credit

Vehicles $800

Cash $800

e. This does not require a journal entry as it is a personal transaction.

3 0

3 years ago

North Company has completed all of its operating budgets. The sales budget for the year shows 50,820 units and total sales of $2

Grace [21]

Answer:

We are given all the details of the activity and the results of those activities, like the cost and revenue.

The multi step income statement shall be as follows:

Income:

Revenue from Sales = $2,391,000

Other Income = $0

Total Revenue = $2,391,000

Expenses:

Cost of goods sold = $1,168,860

$23 $\times$ 50,820

Selling and Administrative = $303,100

Interest Expense = $13,060

Total Expenses = $1,485,020

Net Income before Taxes = $905,980

Less: Taxes on income = $220,400

Income from Continuing Operations = $685,580

7 0

3 years ago