Answer:
The cash budget is the appropriate answer
Explanation:
When the budgeted direct materials as well as the required budgeted labor hours are ascertained, the step needs to be taken further in order to know how the costs budgeted fit into overall cash situation of the business.
The suppliers of direct materials would have given the company the maximum number of days that expect cash , in order to meet up with such deadline the company must plan ahead by incorporating the values of such purchases into cash flow projections, the same also applies to cost of direct labor.
Answer:
a. increased by $56,000
Explanation:
General accounting equation ;
Assets = Liabilities + Owners equity
Owners equity = Assets - Liabilities.
Therefore,
Increase in stockholder's equity
= $87,000 - $31,000
= $56,000
Answer:
Identify managers and people with authority to decide the purchase.
Explanation:
When you work with an opportunity to sell an important part of your work, to be able to advance until closing, it is to be able to interview the person or people with the power to decide the purchase.
If you discover during your first interviews that the person with whom you initially contacted does not have the authority or influence over the purchase decision, then you need this person to promote your access to the person with the true power to decide. In many cases this is very easy to achieve, but in other cases, you will need to negotiate access to the sphere of power. The most powerful tool at your disposal to negotiate this access is to have created a vision of the solution to your problems in the mind of your interlocutor. Once you have created a vision of the solution, we can say that this person already has a clear idea about how to solve their problems and improve the current situation of the company. You must become a promoter of your solution within your company and serve as an engine to promote your offer in front of the decision group.
Answer:
$150,000
Explanation:
Economic profit is accounting profit less implicit cost or opportunity cost.
Accounting profit = Total revenue - Total cost
Economic profit = Total revenue - Total cost - Opportunity cost
Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives. The opoortunty cost of the web designer is $50,000.
Revenue is $550,000
Total cost = $250,000 + $30,000 + $70,000 = $350,000
Economic profit = 550,000 - $350,000 - $50,000 = $150,000
I hope my answer helps you
Answer:
1.42
Explanation:
The fixed asset turnover is a financial ratio that shows how much sales is generated by management for each $1 invested in fixed asset over the period. It is the ratio of sales to average fixed asset.
Average fixed asset is the sum of the beginning and ending fixed asset divided by 2.
Average fixed assets
= ($4.2 + $6.3)/2 (Amount in millions)
= $5.25 million
The company's fixed asset turnover ratio for 2018
= $7.4/$5.2
= 1.42
It means that the company makes a sales revenue of $1.42 for every $1 invested in fixed assets.
