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topjm [15]
3 years ago
15

Securitas Financial Services is contemplating purchasing and installing a new, expensive computer network. This is the type of e

xpenditure that would be
included in a(n)
Business
1 answer:
Vesnalui [34]3 years ago
4 0

Answer:

capital budget.

<u>Multiple-Choices</u>

capital budget.

cash budget.

operating budget.

asset budget.

Explanation:

A capital budget is an estimate of capital expenditure requirements. It is a formal plan that details the fixed assets that a business intends to acquire. A capital budget is part of the annual budget for an organization.

Capital budgets are prepared for assets with a useful life of more than one year. These assets help generate revenue for the business for many years. Capital expenses usually involve heavy cash outflow and are prepared after wide consultations with relevant departments and authorities.

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Gig Harbor Boating is the wholesale distributor of a small recreational catamaran sailboat. Management has prepared the followin
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Answer:

<u>income statement using an absorption income statement format.</u>

Sales ( 480 × $1,960)                                                                940,800

Less Cost of Sales ( 480×$1,350)                                           (648,000)

Gross Profit                                                                                292,800

Less Operating Expenses

Variable selling and administrative expenses (480×$40)        (19,200)

Fixed selling and administrative expenses $225,000           (225,000)

Interest Expense                                                                       ($12,000)

Net Income                                                                                 $36,600

Explanation:

Absorption Costing Considers BOTH variable and fixed costs in product cost.Non-Manufacturing are treated as period costs.

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8 0
3 years ago
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How are instrument families created?
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