financial management
What is financial management?
Planning, arranging, managing, and controlling financial activities, such as the acquisition and use of an organization's funds, is known as financial management.
It entails applying general management ideas to the company's financial resources.
An example of financial management is the work done by an accounting department for a company.
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Explain why the president has to be
The company's break even points in unit sales is 43,000 units.
Above the actual sales volume of 42,000 units is the break-even point.
<h3>What is Break Even point?</h3>
- In economics, business, and particularly cost accounting, the break-even point is the point at which total cost and total income are equal, or "even."
- Although opportunity costs have been paid and capital has received the risk-adjusted, projected return, there is no net loss or gain, and one has "broken even."
- A graph with a function that represents the fixed costs is also helpful.
- No matter how many units are manufactured, the fixed cost is always 1200, hence the fixed costs function is shown as a horizontal line (FC = 1200).
- Any of the following will raise the break-even point: an increase in the quantity of fixed charges or expenses for the business.
- An increase in variable expenditures and expenses per unit. A drop in the selling prices offered by the company.
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Answer:
"The budgeted cost of goods sold" for June would be $5,640,000
Explanation:
Sales department budget for June = 220,000 units
Less-Opening balance as on 1st June = 72,000 units
Add-Closing balance as on 30th June = 40,000 units
No of unit manufactured = Sales department budget for June - Opening balance as on 1st June + Closing balance as on 30th June
= 220,000 - 72,000 + 40,000
= 188,000 units
Cost per unit = $30
Budgeted cost of manufactured = 188,000 × $30 = $5,640,000
