<span>Teamwork is a must necessary for any kind of business setup to grow. Salespeople have to build internal partnerships through teamwork by understanding the other team members and clarifying expectations. Fulfilling the commitments and focusing on little things too also help in achieving the goals. They must attend to the little things if they want to succeed.</span>
Answer
A detailed statement of receipts and expenditure for a period of time in the future is called a Budget
Explanation
An estimate of revenue and expenses over a particular future period of time is referred as the budget. A budget can be made for a family, for an individual or a business entity. In companies, budget is utilized as an internal tool of management.
Answer:
$4.50
Explanation:
In order to make a profit from the futures contracts, it would be appropriate to take a long position in the June futures contract(buy) and take a short position in the December futures contract.
The investor would borrow $60 today which would necessitate paying back $60 plus a half-year in interest payment.
loan repayment=$60*(1+5%/2)=$ 61.50
In December, sell crude oil at $66 and repay the loan principal and interest
profit=$66-$61.50=$4.50
Net change in assets = 15,000+ 75,000
= $90,000
<h3>1-Receive payment of $12,000 owed by a customer</h3>
- No effect on asset
- No effect on liability
- No effect on equity
<h3>2-Buy $15,000 worth of manufacturing supplies on credit</h3>
- Assets increase by $15,000
- Liabilities increase by $15,000
- No effect on equity
<h3>3-. Purchase equipment for $44,000 in cash</h3>
- No effect on asset
- No effect on liability
- No effect on equity
<h3>4-Issue $75,000 in stock</h3>
- Assets increase by $75,000
- No effect on liability
- Equity increases by $75,000
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