Answer:
Breeding stock.
Explanation:
Seedstock producers are cow/calf producers who produce breeding stock for purebred or commercial operations.
This ultimately implies that, seedstock producers are individuals who are saddled with the responsibility producing cow/calf by making the breeding stock available for other livestock farmers. Thus, the breeding stock are the primary calves that are used for producing cattles in large quantities.
Answer:
The proceeds from the bond issue are allocated between the bonds and the warrants on the basis of their relative market values.
Explanation:
Bonds are securities issued by the company where investor can invest in such securities and can earn interest.
Warrants are rights which states that on redemption of bonds it shall be converted into company's shares.
When bonds are issued with detachable warrants, that means there is a basic amount of bonds and warrants. Also, each shall be accounted separately.
Bond issue of these bonds includes value of bonds that shall be accounted and added to value of bonds, and the value of warrants shall be accounted in warrants.
Answer:
d. All of the above
Explanation:
A budget can be defined as a financial plan of estimated revenues, resources and expenses over a specific period of time in a particular country. It is usually reevaluated based on future plans and objectives periodically, typically on an annual basis. Thus, budgets are usually compiled, analyzed and re-evaluated on periodic basis.
Budgeting competency requires the ability to:
a. Define the production system.
b. Quantify expected operations in dollars.
c. Analyze actual results considering the budget to determine where costs were better or worse than expected.
Additionally, the first step of the budgeting process is to prepare a list of each type of income and expense that will be part of the budget.
The final step by the management of an organization in the financial decision making process is making necessary adjustments to the budget.
<em>The benefits of having a budget is that it aids in setting goals, earmarking revenues and resources, measuring outcomes and planning against contingencies. </em>
Answer:
The total amount of administrative cost to the Accounting Department is $ 14,900.
Explanation:
In order to calculate the total amount of administrative cost to the Accounting Department, first we need to calculate the Utilization Ratio of the particulars, using the following formua:
Utilization Ratio=(Total amount particular/Utilised by accounting department)
Hence, the Utilization Ratio of Administration costs
=(50/280)
=0.178
the Utilization Ratio of Maintenance fee
=(12,000/36,000)=0.33
the Utilization Ratio of Utilities=(12,000/36,000)=0.33
Therefore, the total amount of administrative cost to the Accounting Department=(0.178×$50,000)+(0.33×$12,000)+(0.33×$6,000)
=$8,900+$4,000+$2,000
=$14,900