The budgeted income statement does not rely on information from the production budget.
<h3>What is a budgeted income statement?</h3>
The expected profit, revenue, and expenses for the upcoming year or months are listed in a budgeted income statement, which is a financial report. Its purpose is to assist businesses in future planning, better decision-making, and resource allocation.
All of the line categories seen in a typical income statement are included in the budgeted income statement, but it is an estimate of what the income statement would look like in future budget periods.
The budgeted income statement makes it easier to compare planned and actual income and expense components at the end of the month. It aids in evaluating the efficiency of the company's financial planning procedure.
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Answer:
E. Follow-up
Explanation:
The follow-up stage is a stage of the selling process which offers a prime opportunity for salespeople to solidify customer relationships through great service quality.
Follow-up means things that can be done by the salesperson in order to Improve customer relation.
Follow-up services helps to:
1. Increase sales: Customers who are satisfied with your services are more likely to come back and patronise you more.
2. Follow-up services helps producers to innovate on their products. Follow-up service includes listening to customers complaint and needs. This allows a producer to Improve on its product.
3. Follow-up services helps a business to stand out among other businesses because only few business follow-up
on their customers.
4. Existing customers refer new customers to patronise you and customers develop a sense of trust in your product and services.
5. Follow-up services helps to increase profit because firms make more sales.
Answer:
NPV = $-41,928.18
Explanation:
Net present value is the present value of after tax cash flows from an investment less the amount invested.
NPV can be calculated using a financial calculator:
Cash flow in year 0 = $-300,000
Cash flow each year from year 1 to 10 = $42,000
I = 10%
NPV = $-41,928.18
To find the NPV using a financial calacutor:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. After inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
I hope my answer helps you
Answer:
Total period cost under variable costing $60,000
Explanation:
The computation of the total period cost under variable costing is shown below:
Variable selling and administrative expenses (880 units × $15) $13,200
Add: Fixed selling and administrative expenses $21,120
Add: Fixed manufacturing overhead $25,680
Total period cost under variable costing $60,000
