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CaHeK987 [17]
2 years ago
5

Match the phrase that follows with the term (a-e) it describes. integrated set of operating and financing budgets for a period o

f time estimates the number of units to be manufactured to meet sales and inventory levels shows expected results at several activity levels begins by estimating the quantity of sales shows expected results at only one activity level 1. static budget 2. flexible budget 3. master budget 4. sales budget 5. production budget
Business
1 answer:
Mnenie [13.5K]2 years ago
8 0

1. <u>Master budget:</u> it is an integrated set of operating and financing budgets for a period of time.

2. <u>Production budget:</u> it estimates the number of units to be manufactured to meet sales and inventory levels.

3. <u>Flexible budget:</u> it shows expected results at several activity levels.

4. <u>Sales budget:</u> it begins by estimating the quantity of sales.

5. <u>Static budget:</u> it shows expected results at only one activity level.

A budget can be defined as a financial plan that is used for the estimation of revenue and expenditures of an individual, organization or government, especially for a specified period of time, often one (1) year.  

Basically, there are different types of budget and this include:

1. <u>Master budget:</u> it comprises an integrated set of both investing, operating and financing budgets for a specified period of time, often one (1) year.

2. <u>Production budget:</u> it estimates the number of units to be manufactured by a business firm, so as to meet budgeted sales and inventory levels.

3. <u>Flexible budget:</u> it shows expected results of a business firm (responsibility center) at several activity levels.

  • It is also referred to as variable budget and it's used both before and after a period's activities are completed.

4. <u>Sales budget:</u> it begins by estimating the quantity of sales.

  • Once the quantity of sales are estimated, the sales revenue that are expected is calculated by multiplying the expected unit sales price by the volume.

5. <u>Static budget:</u> it shows expected results of a business firm (responsibility center) at only one activity level.

  • A static budget is usually based on a predicted amount of sales or any other measure of activity.

Read more on budget here: brainly.com/question/8976831

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David wants to open a new gymnasium with state-of-the-art equipment and qualified trainers. However, he can only afford either o
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Answer:

Too little money                          

Explanation:

In the given case, David wanted to have all required resources and he also had complete knowledge of it. However he could not get them properly due to his budget constraints which lead to shut down of his business.

This case clearly depicts the problem of too little money as the risk of failure was not mentioned as such. Also the business David was willing to open was not relate to any chemical or defense industry so there was not much regulatory burden.

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2 years ago
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3 0
3 years ago
Green Company purchases a truck for $30,000 on the first day of the year. Green Company uses straight-line depreciation and esti
SpyIntel [72]

Answer:

$5,000

Explanation:

The depreciation by Green Company in respect of truck for the first year of operations shall be calculated using the following mentioned formula;

Depreciation for the year=  (Cost of asset-Residual value)/useful life

Cost of asset=$30,000

Residual value=$5,000

useful life=5

Depreciation for the year=($30,000-$5,000)/5=$5,000

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3 years ago
I dont have to pay for this right?
olga nikolaevna [1]

Answer:

no

Explanation:

7 0
2 years ago
Read 2 more answers
Parton Company, a manufacturer of snowmobiles, is operating at 80% of plant capacity. Parton's plant manager is considering maki
ira [324]

Answer:

The answer is: a

Explanation:

The Parton Company has a 'make or buy' decision. This decision involves analysing the incremental costs associated with each option. Incremental costs are costs incurred as a result of producing one more unit of a product. If the excess capacity can be utilised to produce the headlights at a lower cost than the cost of acquiring the headlights from an external supplier, then the company should produce the headlights.  

The Parton Company incurs $12.80 per headlight purchased from the external supplier. Added to this cost, are the existing costs of operating below plant capacity. If making the headlights in the manufacturing plant yields a positive contribution to fixed costs, then the Parton company should produce the headlights in the manufacturing plant.

By producing the headlights, the Parton company gains a contribution to fixed costs of $1.03 per headlight.

Foregone purchase costs from supplier:                          $12.80

Incurred costs (directly) from production:                        ($11.77)

Direct materials                                                                     ($4.45)

Direct Labour                                                                         ($3.45)

Manufacturing Overheads: $(6.45*0.6)                               <u>($3.87)</u>

Net gain per headlight                                                           <u> </u><u>$1.03</u>

6 0
3 years ago
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