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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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Wisconsin Company collected $42,000 cash on its accounts receivable. The effects of this transaction are: Multiple Choice Both t

Bas_tet [7]

Answer:

Option Total assets, total liabilities, and equity are unchanged.

Explanation:

The reason is that the double entry to record this transaction is as under:

Dr Cash Account $42,000

Cr Accounts Receivable $42,000

Hence there increase in one asset and decrease in other asset will have zero net impact on assets. As equity and liabilities are not effected by the transaction, hence they will also remain unchanged.

5 0

3 years ago

Explain why it might be difficult for a new,

statuscvo [17]

Answer:

The Threat of New Entrants exerts a significant influence on the ability of current companies to generate a profit Gross Profit Gross profit is the direct profit left over after deducting the cost of goods sold, or cost of sales, from sales revenue. It's used to calculate the gross profit margin

Explanation:

3 0

2 years ago

Mayfield Company sells two products, Blue models and Plaid models. Blue models sell for $43 per unit with variable costs of $30

alekssr [168]

Answer:

Break-even point in total units= 951.7units

Explanation:

Break-even point is the level of activity at which a firm must operate such that its total revenue will equal its total costs. At this point, the company makes no profit or loss.

It is calculated using this formula:

Break-even point (in units) = Fixed cost/ average contribution per unit

Blue Plaid

Contribution per unit 43-30 = 13 52-45 = 7

Average contribution per unit

= ( (13× 4) + (7×5) )/9

= $ 9.66 per unit

Break-even point in total units

= $9200/$ 9.66

= 951.7units

Break-even point in total units= 951.7units

6 0

3 years ago

g Liabilities of the commercial banking system include Question 69 options: A) deposits. B) loans and deposits. C) reserves and

netineya [11]

Answer:

A) deposits

Explanation:

In the case of the commercial banking system, the liabilities is deposits as the deposit is the amount of the depositors

So as per the given situation, the option A is correct as the deposits represents the commercial banking liabilities

hence, all the other options are incorrect

Therefore, the same is to be considered

8 0

2 years ago

A local finance company quotes an interest rate of 18.7 percent on one-year loans. So, if you borrow $42,000, the interest for t

Ray Of Light [21]

Answer:

32.88%

Explanation:

For computing the rate we need to apply the RATE formula i.e to be shown in the attachment below:

Given that,

Present value = $42,000

Future value or Face value = $0

PMT = $4,154.50

NPER = 12 months

The formula is shown below:

= Rate(NPER;PMT;-PV;FV;type)

The present value come in negative

So, after applying this above formula, the rate is

= 2.74% × 12 months

= 32.88%

5 0

3 years ago