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3 years ago

Determine the order in which the following budgets are generally prepared.

Business

1 answer:

xenn [34]3 years ago

5 0

Answer:

The order in which the following budgets are generally prepared are as arranged below:

1. Sales budget

2. Production budget

3. Material purchases budget

4. Budgeted income statement

In an attempt to expatiate the decision above. We must observe that income statement starts with revenue. Similarly here, the budget will starts with sales. The revenue section is followed by production budget which from which various budgets like material, direct labor and overhead budget are prepared from. After the Production budget, follow the Material purchase budget, then Budgeted Income Statement

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A younger client with a moderate amount of funds is considering the purchase of a home in the near-term future. For this reason,

Valentin [98]

Answer:

c) Investment in a DPP (Direct Participation Program)

Explanation:

Direct Participation Programs are a form of limited partnership. DPP has the lack of liquidity, since ownership interests are not always freely transferrable and require the approval of a general partner of the DPP. Each of the other items listed are more liquid on a short-term basis. Bonds can be sold, bond fund shares can be redeemed, equities are easily sold in the secondary market, and though CDs are not transferrable, the maximum maturity is 1 year or less, so the client would have short-term access to the funds invested.

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3 years ago

Read 2 more answers

Last year, a small nation with abundant forests cut down $200 worth of trees. $100 worth of trees was then turned into $150 wort

borishaifa [10]

Answer:

$400

Explanation:

Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year

GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export

Net export = exports – imports

Inventory grew by (200 - 100) $100

$50 of value was created

total gdp = $100 + $250 + 50 = $400

4 0

3 years ago

Garza company had sales of $149,000, sales discounts of $2,225 and sales returns of $3,525. Garza's net sales equals

nika2105 [10]

Answer:

Garza's net sales equals $143250.

Explanation:

Net sales = gross sales - sales return - sales discount

= $149,000 - $3,525 - $2,225

= $143250

Therefore, Garza's net sales equals $143250.

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3 years ago

State a comparison of

Korvikt [17]

Answer:

Ice, liquid water, and water vapor differ in the arrangement and motion of water molecules

Explanation:

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3 years ago

Caspion Corporation makes and sells a product called a Miniwarp. One Miniwarp requires 2.5 kilograms of the raw material Jurislo

Vladimir79 [104]

Answer:

Cost of purchase= $1,014,300

Explanation:

Giving the following formula:

Production:

August= 22,600

September= 21,300

Ending inventory= 20% of the following month's production needs.

Beginning inventory= 10,800 kg

The cost of Jurislon is $18.00 per kilogram.

One Miniwarp requires 2.5 kilograms of the raw material Jurislon.

<u>First, we need to calculate the purchases in kg required using the following formula:</u>

Purchases= production + desired ending inventory - beginning inventory

Purchases= (2.5*22,600) + (2.5*21,300)*0.2 - 10,800

Purchases= 56,350kg

<u>Now, the total cost of purchase:</u>

Cost of purchase= 56,350*18= $1,014,300

7 0

3 years ago