All categories

4 years ago

What is Not true about unexpected expenses?

Business

1 answer:

m_a_m_a [10]4 years ago

3 0

Answer: Option a they do not occur if you have a budget

Explanation:

Unexpected expenses are the sudden expenses which occur which are apart from the budgeted usual expense. These expenses cannot be predicted in advance they also occur rarely. The payment of other bills become due to unexpected expenses. They affect the budget of the month.

The borrowing of funds can be avoided if funds are saved for emergency purposes in the budget.Emergency fund saved can help to meet the unexpected expenses. They can be included in the budget as emergency fund.

You might be interested in

Wayman Corporation reports the following amounts in its December 31, 2018, income statement. Sales revenue $ 376,000 Income tax

NemiM [27]

Answer:

Wayman Corporation

Income statement for the year ended December 31, 2018

Amount in $ Amount in $

Sales revenue 432,000

Cost of goods sold (136,000)

Gross profit 296,000

Operating expenses

Salaries expense 46,000

Advertising expense 36,000

Utilities expense 56,000 (138,000)

Operating income 158,000

Non-operating or other

Interest expense (26,000)

Income before income taxes 132,000

Income tax expense (56,000)

Net income  76,000

Explanation:

A multiple income statement is one in which incomes and expenses are classified under operating and non-operating heads. Like other forms of income statement, it shows the income and expenses of an entity for a given period of time.

5 0

3 years ago

Humes Corporation makes a range of products. The company's predetermined overhead rate is $20 per direct labor-hour, which was c

hichkok12 [17]

Answer:

$7,400

Explanation:

The impact on the company's overall profit is shown below:-

Particulars Amount

Sales $50,320 (740 × $68)

Less : Variable cost

Direct material $30,340 (740 × $41)

Direct Labor $10,360 (740 × $14)

Variable Manufacturing

overhead

($51,000 ÷ 17,000) $2,220 (740 × $3)

= 3

company's overall profit $7,400

To reach the company's overall profit we simply deduct the Direct material, direct labor and variable manufacturing overhead from sales.

3 0

3 years ago

The maximum penalty for failure to report that you accepted a gift from a non-federal entity may result in

Rasek [7]

The term "gift" is broadly defined and includes any gratuity, favor, discount, entertainment, hospitality, loan, forbearance, or other item having monetary value. It includes services as well as gifts of training, transportation, local travel, and lodgings and meals, whether provided in-kind, by purchase of a ticket, payment in advance, or reimbursement.

For failure to report the acceptance of a gift from a non-federal entity may result in punishment under the UCMJ - the Uniform Code of Military Justice.

7 0

4 years ago

the nash corp is considering four investments. Which provides the highest after-tax return for Nash corp. if it is in the

vichka [17]

Answer:

ejrjfjfn

Explanation:

sudjfjejrjfngnv vjvkvkvk

8 0

3 years ago

What should you do when planning for college?

Vsevolod [243]

Answer:

a way to get a large amout of money (legally) to pay off the debt

more money for a place to live

and even more money to get food and other impoartant things to live

Explanation:

an alternative to stocks, but school never taught you what stocks are, so now get more money to buy a phone so u can have basic knowlede

and illegal alternative is to sell something adictive like drugs, cigs. or start a casino or scam pp, for money, or rob a bank

7 0

2 years ago