Which form shows a business's financial performance over a reporting period?

Which of the following is NOT an advantage of budgeting?

Mama L [17]

Answer:

a.It provides organizational independence.

Explanation:

Budget is a statement of income and expenditure of a certain period. Budgets are useful for forecasting the operating activities and financial position of a business enterprise and it ensures good business practice because they plan for future.

Organizational independence is a state in which an organization is not vulnerable for personnel turnover. Independent Organizations are normally mon profits or non government organizations and they are defined to be a collection of people who to pursue a charitable goal be it local, national or global level. Budgeting is applicable on dependent organizations instead of independent Organizations.

7 0

3 years ago

Which of the following in not an example for safeguarding inventory? Group of answer choices Matching receiving documents, purch

Tomtit [17]

Answer:

returning inventory that is defective or broken

Explanation:

Inventory reffered to as set of finished goods/ products as well as other goods that are used in production. It is regarded as current asset on the balance sheet of a company. Inventory safeguarding is very essential in a company to keep them safe, there are some ways in which this can be done.

With the aid of technology such as security cameras which can record any form of theft, door alarms and others can protect inventory from both external/internal threats. Some of thers common examples for safeguarding inventory are;

✓storing inventory in restricted areas

✓physical devices such as two-way mirrors, cameras, and alarms

✓matching receiving documents, purhcase orders, and vendor's invoice

3 0

3 years ago

Perth Mining Company operates two mines for the purpose of extracting gold and silver. The Saddle Mine costs $12,000/day to oper

stepan [7]

Answer:

Operate mine 1 four 4 days and mine 2 during 6 days to obtain minimum cost for the desired output of 850 gold and 18,000 silver

Explanation:

We generate the equation system on excel:

(50g + 3000s) Q_1 --> output generated on Mine 1

(75g + 1,000s) Q_2 --> output generated on Mine 2

12,000 Q1 + 17,000 Q2 = cost of the mines

we do solver to minimize the days of each mine considering a desired output of 18,000 silver and 650 gold:

and get the following:

M1 4 days output: (50g + 3000s) 4 = 200 g 12,000s

M2 6 days output: (75g + 1,000s) 6 = 450g 6,000s

Cost: 12,000 x 4 + 17,000 x 6 = 150,000

6 0

3 years ago

On april 1, griffith publishing company received $1,548 from santa fe, inc. for 36-month subscriptions to several different maga

Fudgin [204]

Given:
April 1 - Griffith publishing company received $1,548 from Santa Fe, inc. for 36-month subscriptions.

1,548 / 36 months = 43 per month.

Assuming that the amount is paid in cash.

Debit Credit
April 1:
Cash 1,548
Unearned Revenue 1,548

April 30:
Unearned Revenue 43
Revenue Fees 43

May 31:
Unearned Revenue 43
Revenue Fees 43

June 30:
Unearned Revenue 43
Revenue Fees 43

July 31
Unearned Revenue 43
Revenue Fees 43

August 31:
Unearned Revenue 43
Revenue Fees 43

September 30:
Unearned Revenue 43
Revenue Fees 43

October 31:
Unearned Revenue 43
Revenue Fees 43

November 30:
Unearned Revenue 43
Revenue Fees 43

December 31:
Unearned Revenue 43
Revenue Fees 43

Book Value of Unearned Revenue is: 1,548 - (43*9) = 1,548 - 387 = 1,161

Since it is a monthly subscription, the unearned revenue must always have an adjusting entry at the end of the month because Griffith company has already earned some of the prepaid fees.

3 0

3 years ago

Suppose that the level of GDP increased by $100 billion in a private closed economy where the marginal propensity to consume is

____ [38]

Answer:

$50 billion

Explanation:

To find the change in aggregate expenditures, we need to find the change in consumption. For this, we will use the marginal propensity to consume formula:

MPC = ΔC/ΔY

Where:

MPC = Marginal propensity to consume

ΔC = Change in consumption

ΔY = Change in output (GDP)

We know that out MPC is 0.5, and our ΔY is $billion. We plug these amounts into the formula:

0.5 = ΔC / 100 billion

And we rearrange the equation to solve for ΔC

ΔC = $ 100 billion x 0.5

ΔC = $50 billion

So the change in consumption is $50 billion, which is also the change in aggregate expenditure.

3 0

3 years ago