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3 years ago

When budgeted and actual results are not the same amount, there is a budget

Business

1 answer:

torisob [31]3 years ago

7 0

Answer:

a) difference.

Explanation:

As we know the budget represents the difference between the expected and the actual results

So as per the given situation, in the case when the amount of the expected and the actual results are not same or similar so it should be the budget difference

hence, the option a is correct

And, the rest of the options are incorrect

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Daves Inc. recently hired you as a consultant to estimate the company's WACC. You have obtained the following information. (1) T

inn [45]

Answer:

9.315%

Explanation:

The computation of WACC is shown below:-

But before that we need to do the following calculations

PV -$1,000

PMT 80

N 20

FV $1,000

Compute IY 8%

After tax cost of Debt = Before tax cost of debt × (1 - tax rate)

= 8% × (1 - 25%)

= 6%

According to the CAPM,

Cost of Equity =Risk free Rate + (Beta × Market Risk Premium)

= 4.5% + (1.2 × 5.5%)

= 11.10%

Weight of Equity = 100% - 35%

= 65%

WACC = (Weight of Equity × Cost of Equity) + (Weight of debt × Cost of debt)

= (65% × 11.10) + (35% × 6)

= 9.315%

8 0

3 years ago

The controlling account in the general ledger that summarizes the individual customer accounts in the subsidiary ledger is entit

Bas_tet [7]

Answer:

The correct answer is (c)

Explanation:

A controlling account is an adjustment account for which a subsidiary ledger is generally created. It helps to further track the transactions in detail. A controlling account is an account in the general ledger that is entitled as accounts receivable. This account includes a separate account for every single customer who makes a credit purchase.

4 0

3 years ago

_____typically refer to financial support for events, venues, or experiences and provide the opportunity to target specific grou

Svet_ta [14]

Answer:

Sponsorships

Explanation:

5 0

2 years ago

Paul McLaren holds the following portfolio: Stock Investment Beta A $150,000 1.40 B 50,000 0.80 C 100,000 1.00 D 75,000 1.20 Tot

xeze [42]

Answer:

- 0.260

Explanation:

The computation of portfolio beta is shown below:-

Stocks Value Weight (a) Beta (b) Portfolio Beta (a × b)

Stock A $150,000 0.4000 1.4 0.560

Stock B $50,000 0.1333 0.8 0.107

Stock C $100,000 0.2667 1 0.267

Stock D $75,000 0.2000 1.2 0.240

Total $375,000 1.173

Now the revise of beta with stock E is

Stocks Value Weight (a) Beta (b) Portfolio Beta (a × b)

Stock E $150,000 0.4000 0.75 0.300

Stock B $50,000 0.1333 0.8 0.107

Stock C $100,000 0.2667 1 0.267

Stock D $75,000 0.2000 1.2 0.240

Total $375,000 0.913

Now

Net Change in Beta of Portfolio is

= Beta of portfolio with Stock E - Beta of Portfolio with Stock A

= 0.913 - 1.173

= - 0.260

This is the answer but the same is not provided in the given options

4 0

3 years ago

Sunland Company uses a perpetual inventory system. Its beginning inventory consists of 83 units that cost $56 each. During June,

german

Debit : Merchandise $13,888.

Credit : Accounts Payable $13,888.

Debit : Merchandise $560.

Credit : Accounts Payable $560.

Debit : Accounts Receivable $17,098.

Debit : Cost of Sales $11,536.

Credit : Sales Revenue $17,098.

Credit : Merchandise $11,536.

<h3>What is meant by inventory system?</h3>

A supply chain's full stock, supplies, and sales are tracked using an inventory system.
Businesses use inventory systems to make sure they are fully aware of the goods they have on hand and where they are.

<h3>What is inventory system with example?</h3>

All the goods, merchandise, and supplies that a company keeps on hand in anticipation of selling them for a profit are referred to as inventory.
Example: Only the newspaper will be regarded as inventory if a newspaper vendor utilizes a vehicle to distribute newspapers to clients.
The car will be considered an asset.

<h3>What is inventory system and methods?</h3>

The procedures and software you employ to plan, order, store, and manage your inventory are known as inventory control methods.
There are generally two types of inventory control manual and perpetual.
You must routinely perform physical counts of inventory when using manual inventory control.

<h3>What is the purpose of inventory?</h3>

Keeping a steady supply of goods on hand for activities is inventory's primary purpose.
Your company should look for the sweet spot between too much and too little stock, without ever running out, in order to carry out this duty efficiently.

Learn more about inventory system here:

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3 0

2 years ago