<u>Answer:</u> Option a they do not occur if you have a budget
<u>Explanation:</u>
Unexpected expenses are the sudden expenses which occur which are apart from the budgeted usual expense. These expenses cannot be predicted in advance they also occur rarely. The payment of other bills become due to unexpected expenses. They affect the budget of the month.
The borrowing of funds can be avoided if funds are saved for emergency purposes in the budget.Emergency fund saved can help to meet the unexpected expenses. They can be included in the budget as emergency fund.
Answer Choices:
a. $54,000 ordinary loss.
b. $100,000 ordinary loss; $46,000 net capital gain.
c. $100,000 ordinary loss; $20,000 STCL.
d. $130,000 ordinary loss; $66,000 LTCG.
e. None of the above.
Answer:
e. None of the above.
Explanation:
Matt has a $54,000 STCL ($120,000 - $66,000)
The typical relationship between retained earnings and net income/loss,tha Retained income represent the part of the net income of our organisation that remains after dividends have been paid on our shareholders.
The profits assertion is finished, the income discern from the time period is transferred to retained income inside the stockholder's fairness segment of the balance sheet. A net loss reduces retained profits; a net advantage will increase retained income.
The budgeting procedure lets an enterprise plan and prepare its budgets for a hard and fast length. It entails reviewing past budgets, identifying and forecasting sales for the coming period, and assigning amounts to spend on a enterprise's various prices.Feb 18, 2021
There are numerous extraordinary strategies to budgeting for businesses however those 4 kinds of budgets are the maximum generally used: incremental budgets, pastime-primarily based budgets, fee proposition budgets, and zero-primarily based budgets
Learn more about budgeting process here:-brainly.com/question/24940564
#SPJ4
Explanation:
The computation of the fixed cost and the variable cost per hour by using high low method is shown below:
Variable cost per mile = (High Operating cost - low operating cost) ÷ (High miles - low miles)
= ($845 - $625) ÷ (3,350 miles - 2,250 miles)
= $220 ÷ 1,100 miles
= $0.2 per miles
Now the fixed cost equal to
= High operating cost - (High miles × Variable cost per miles)
= $845 - (3,350 miles × $0.2 per miles)
= $845 - $670
= $175
And, the contribution margin income statement is presented below:
Sales (1,400 × $0.6) $840
Less: Variable cost (1,400 × $0.2) ($280)
Contribution margin $560
Less: Fixed cost ($175)
Net operating income $385
