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2 years ago

What information do you believe is needed in order to create a budget?

Business

1 answer:

Sholpan [36]2 years ago

4 0

Answer:

How to create a budget?

How to create a budget

Calculate your net income

List monthly expenses

Label fixed and variable expenses

Determine average monthly costs for each expense

Make adjustments

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Porter Co. owned all of the voting common stock of Simi Corp. The corporations' balance sheets dated December 31, 2018, include

Katena32 [7]

Answer: $672,000

Explanation:

Porter sold land to Simi which means that their land balance reduces. Simi's however increases by the same amount. As Porter owned all the voting stock, the sale will be accounted for at the book value.

The Consolidated balance for land in 2020 will therefore be calculated as,

= (Porter land value - Sales price) + (Simi land value + Sales price)

= (416,000 - 65,000) + (256,000 + 65,000)

= 351,000 + 321,000

= $672,000

The book value of the Consolidated land will be $672,000 in 2020.

3 0

3 years ago

Columbia Sportswear makes nylon activewear. Its marketing manager set a goal to increase sales 12 percent over the next three ye

sweet [91]

Answer:

a) functional planning

Explanation:

Functional planning is a type of planning made to achieve consistent working of the company taking into account the function and of each and every department.

It is achieved by setting goals, continuously assessing the functions of every department, measuring the achieved goals (success) and projecting the future achievement of the company (foresight).

6 0

3 years ago

Jacoby Company received an offer from an exporter for 25,400 units of product at $18 per unit. The acceptance of the offer will

OlgaM077 [116]

Answer:

Differential income from the special order= $127,000

Explanation:

A company should accept a special order where the order generates additional contribution. i.e where the special order sales exceeds all relevant cost.

The relevant cost for decision to accept the special order are

I Incremental Revenue from the special order

2. incremental variable cost

Contribution per unit = 18-13=5

Total contribution from special order = contribution per unit × units

= 5× 25,400=$127,000

Differential income from the special order= $127,000

Note that whether or not the special order is accepted the fixed manufacturing and fixed operating expenses of would be incurred either way. Therefore , they are not relevant for the decision

6 0

2 years ago

Janice started receiving an annuity payment of $1,500 per month when she turned 68 years old (expected return multiple for ordin

givi [52]

Answer: 71% or $12,780 annually.

Explanation:

To find the amount of the Annuity that represents a return on Capital each year you divide the cost of the Annuity by the total amount of the Annuity to be received if the single life annuity is used to the fullest.

First then, we would need to calculate the full value of the Annuity.

Janice expects to get $1,500 per month for 17.6 years.

That means the total value would be,

= 1,500 * 12 months * 17.6 years

= $316,800 is the Total Annuity Receivable.

Calculating the return on Capital we will have,

= Cost of Annuity / Total Annuity Receivable

= 225,000 / 316,800

= 0.71022727272

= 71%

Monthly calculated that would be,

= 0.71 (1,500 * 12)

= $12,780

The return on Capital is 71% or $12,780 annually.

8 0

3 years ago

3. The Kelsh Company has two divisions--North and South. The divisions have the following revenues and expenses: Sales Variable

Tasya [4]

Answer:

My guess is a

IM NOT SURE...:P

Explanation:

8 0

3 years ago