Answer:
Zero based budgeting
Explanation:
Zero-based budgeting is a process of developing budget estimates by requiring managers to estimate sales, production, and other operating data as though operations were being initiated for the first time.
It is time consuming compared to other method of budgeting ( traditional).
Zero-based budgeting (ZBB) is a method of budgeting where income less expenditure is equal to zero.
It is a budgeting in which all expenses must be justified for each new period. It is detail-oriented.
Zero-based budgeting can be used to lower costs by avoiding blanket increases or decreases to a prior period's budget.
zero-based budgeting may be a rolling process done over several years.
2, 3, and 4, make the most sense to me. I'm not completely sure about 4, but I'm confident about the other two :)
Answer:
6,704 units
Explanation:
The computation of the number of units sold is shown below:
= (Fixed expenses + target profit) ÷ (Contribution margin per unit)
where,
Contribution margin per unit = Selling price per unit - Variable expense per unit
= $90 per unit - $36 per unit
= $54 per unit
So, the number of units sold is
= ($162,000 + $200,000) ÷ ($54 per unit)
= 6,704 units
Answer:
$12,600
Explanation:
Annual Dividend to preferred stock = $1,140,000 × 7%
= $79,800
A schedule of preferred stock dividend in Arrears is as follows :
Dividend Paid Arrears
2016 $79,800 $54,000 $25,800
2017 $79,800 $54,000 $51,600
2018 $79,800 $131,400 0
Dividends of $131,400 has to be paid in 2018 to cover all the arrears.
Principle : Preference dividends (and their arrears if cumulative) are paid first before dividends distribution to common stock holders.
Common Stock Holders receive the remaining amount of dividends of $12,600 ($144,000 - $131,400)
Answer:
they have 25 quarters and 19 nickels
Explanation:
let N = number of nickels
let Q = number of quarters
5N + 25Q = 720
N + Q = 44
N = 44 - Q (now we must replace)
5(44 - Q) + 25Q = 720
220 - 5Q + 25Q = 720
20Q = 720 - 220 = 500
Q = 500 / 20 = 25
N = 44 - 25 = 19
