Prepare a master budget for the months of january, february, and march that has the following budgets:1. sales budgets.2. merchandise purchases budgets.3. selling expense budgets.4. general and administrative expense budgets. hint: depreciation is included in the general and administrative budget for merchandisers.5. capital expenditures budgets.6. cash budgets.7. budgeted income statement for entire quarter (not monthly) ended march 31.8. budgeted balance sheet as of march 31.
Answers
Preparing a master budget for the months of January, February, and March involves creating budgets for various areas of the business. First, the sales budget should be established, which outlines the expected sales revenue for each month.
Based on the sales budget, the merchandise purchases budget can be created to determine the amount of inventory that needs to be purchased for resale.
Next, the selling expense budget should be created, which outlines the costs associated with selling the merchandise. The general and administrative expense budget should also be established, which includes depreciation for merchandisers.
The capital expenditures budget should be created to determine any anticipated investments in assets during the quarter. The cash budget should also be established, which outlines the anticipated cash inflows and outflows for the quarter.
Finally, a budgeted income statement and balance sheet should be created for the entire quarter ending March 31st. By creating these budgets, the business can better plan and manage their finances for the quarter.
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Related Questions
a south sea island produces only coconuts. in 2014, the price of a coconut is $1.50 and the quantity produced is 300. in 2016, the price of a coconut is $1.00 and the quantity produced is 350.
Answers
If the price of a coconut is $1.50 and the quantity produced is 300, the real GDP in 2016 in terms of base-year prices is $525.
To calculate real GDP in terms of base-year prices, we need to multiply the quantity produced in the current year (2016) by the price of the base year (2014).
In 2014, the price of a coconut is $1.50 and the quantity produced is 300. The nominal GDP in 2014 is calculated as follows:
Nominal GDP in 2014 = Price of coconut in 2014 × Quantity produced in 2014
Nominal GDP in 2014 = $1.50 × 300 = $450
To calculate real GDP in 2016 in terms of base-year prices, we multiply the quantity produced in 2016 (350 coconuts) by the price of the base year (2014):
Real GDP in 2016 = Price of coconut in 2014 × Quantity produced in 2016
Real GDP in 2016 = $1.50 × 350 = $525
This represents the value of goods and services produced in 2016 using the prices of the base year (2014). It allows us to compare economic output over time without the influence of price changes.
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Complete question is:
a south sea island produces only coconuts. in 2014, the price of a coconut is $1.50 and the quantity produced is 300. in 2016, the price of a coconut is $1.00 and the quantity produced is 350.
2014 is the reference base year. What is real GDP in 2016 in terms of base-year prices?
What would you expect the nominal rate of interest to be if the real rate is 5.2 percent and the expected inflation rate is 3.1 percent? .... The nominal rate of interest would be % (Round to two decimal places.)
Answers
The nominal rate of interest would be 8.32% (rounded to two decimal places).
To calculate the nominal rate of interest, follow these steps:
1. Understand the Fisher equation: The Fisher equation states that the nominal interest rate (i) is equal to the sum of the real interest rate (r) and the expected inflation rate (π): i = r + π.
2. Given the real rate of interest (r) is 5.2% and the expected inflation rate (π) is 3.1%, substitute the values into the Fisher equation: i = 5.2 + 3.1.
3. Calculate the sum: i = 8.3%.
4. Round the result to two decimal places: The nominal rate of interest is 8.32%.
In this case, the nominal rate of interest reflects the combined effect of the real rate of interest and the expected inflation rate, allowing borrowers and lenders to account for the expected change in purchasing power.
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What kind of services do banks offer their customers?
Answers
The services most often provided include a variety of checking accounts, saving accounts, certificates of deposit, and loans, including car loans and home mortgages. Additional services may include safe deposit boxes and investment-related services.
Explanation:
Why did the author introduce factors of
production before discussing land, labor and
capital?
A
to help the reader understand what
economic resources are before introducing
the three groups of economic resources.
B
to help the reader understand the role of
economists before introducing what it is that
economists study
с
to help the reader understand why there is
demand for certain inputs before
introducing the idea of input scarcity
D
to help the reader understand what goods
and services are before introducing how
those goods and services are brought about
Answers
Answer: A . to help the reader understand what economic resources are before introducing the three groups of economic resources.
Explanation:
Land, labor and capital are the three most important factors of production so in introducing factors of production first, the author wanted to give a background of what factors of production are before then giving the types of factors there are.
The background information given is to enable the reader understand what economic resources/ factors of production are so that they would then be able to understand the general need for land, labor and capital when they are introduced.
Define a Small Scale Enterprise as per ‘MSMED Act, 2006’.
Answers
Explanation:
the Government of India has in acted, small and medium enterprises development (MSMED) Act, 2006 in terms of which the definition of micro, small and medium enterprises is an enterprise where the investment in plant and machinery is more than rate 25 lakh but does not exceed rate.
QUESTION 3 / 10 What is the first step you should take when you want to open a savings account? A. Review the different savings account options that your bank offers. B. Make your initial deposit. C. Go to the bank and fill out an application. D. Present your photo ID to the bank representative.
Answers
Answer:
A. Review the different savings account options that your bank offers.
How have recent policy changes and supreme court rulings impacted the campaign finance process?.
Answers
Congress is involved in election administration, and the Federal Election Commission regulates federal candidates, but states regulate campaign finance.
What is Campaign Finance process ?Campaign finance, also known as election finance or political donations, is the money raised to support candidates, political parties, policy initiatives, and referendums.Though states must foot the bill for elections and any campaign finance regulations, the federal government retains judicial review in the form of U.S. Supreme Court rulings.These decisions, which are binding on all 50 states, frequently force states to amend or completely change their election protocols. Each state is also subject to local and federal court decisions.Political parties, charitable organisations, and political action committees are all vehicles for political fundraising. "Political finance" is another popular term that is used internationally due to its breadth. Political donations are private funds received by political parties for general administrative purposes.To learn more about Campaign Finance refer :
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Which of the following demonstrates active listening while receiving constructive criticism well
Answers
Answer:
c
Explanation:
According to the video, the work of Heating and Air Conditioning Mechanics and Installers combines the skills of which workers? Check all that apply. Pump Operators Plumbers Electricians Refrigeration Specialists Power Plant Technicians Hydroelectric Production Managers
Answers
Answer:
B,C,D
Explanation:
Plumbers
Electricians
Refrigeration Specialists
Explain how you would handle an issue with social media in your company?
Answers
Answer:
I will handle it no matter what
Explanation:
I think the way I handle it will be different from others like First I need to see what the issue is like then I will handle it legally if it want a lawyer I have to get one if the issue want legal process I will done by the law of the country
what is the impact of atm on banking sector?
Answers
Answer:
Explanation:
ATM s are of great use to the banks as the reduce the number of people storming the banks for withdrawal of money as well as deposit of money it reduces cost of operation and from customer point of view it is available easily near by hence travelling further distance to the bank is not required
ATMs are one of the most convenient services provided by the banks to customers. It is beneficial to banks as it is to its customers. It helps banks to save cost and time in withdrawing money and various other services which are now provided by ATM.
Automated teller machines, or ATMs as they are more commonly referred to, are a convenient way to conduct one-on-one transactions quickly and easily. One can do self-serviced transactions with these machines without a physical teller's aid or a trip to the bank branch. Cash withdrawals, cash deposits, and fund transfers are just a few of the many transactions possible with automated teller machines, or ATMs. Although the majority of customers only use ATMs to withdraw cash, these additional transactions make the service more effective.
With the advent of the ATM, users' financial lives became simpler because they could now perform simple transactions on their own with the aid of an ATM, which was much more practical than often visiting the bank. The ability for users to transact between banks is another significant advantage of an ATM. This means you can still use basic services like cash withdrawals from the ATM even if you don't have an account with the bank that runs the machine. Again, this saves you time and comes in handy in an emergency because you won't need to go to the ATM at your bank every time you need a quick infusion of cash. ATM helps banks operate more cheaply by lowering the number of human operations. The ATM provides service 24 hours a day which means customers can avail of money and other services at any time of the day.
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a(n) is a group of managers and employees who work together because they possess similar skills and experience or use the same kind of knowledge, tools, or techniques to perform their jobs.multiple choice question.top management teamdepartmentorganizationhierarchy
Answers
The correct option is B, department. This term department describes a group of managers and workers who work together because they possess similar skills and experience or use the same kind of knowledge, tools, or ways to perform their jobs.
A department is a functional unit within an association that's responsible for a specific set of tasks or functions. Members of a department generally have analogous ideas and experience and work together to achieve common pretensions. Departments can be organized in numerous ways, similar as by product, terrain, or function.
By grouping together workers with analogous ideas and knowledge, departments can optimize their performance and ameliorate their effectiveness in carrying out their tasks.
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The correct question is:
Which term describes a group of managers and employees who work together because they possess similar skills and experience or use the same kind of knowledge, tools, or techniques to perform their jobs?
A. Top management team
B. Department
C. Organization
D. Hierarchy
Match each example of a study to the type of method used. researchers develop a survey and ask the same questions to 40,000 randomly selected people. researchers interview or survey the same 1,000 families every 5 years over a 40-year period. researchers conduct long interviews with open-ended questions with 40 couples. researchers observed 15 families in their homes over a period of 1 year. researchers survey family members on how many hours per week they spend doing various tasks or ask them to keep a diary of what they do every 30 minutes over an entire day over a period of a week.
Answers
Answer:
1. Researchers develop a survey and ask the same questions to 40,000 randomly selected people. - Sample Survey
Sample surveys involve using a subset of the population that is randomly selected as the basis for the research.
2. Researchers interview or survey the same 1,000 families every 5 years over a 40-year period. - Longitudinal survey
In a Longitudinal survey, participants are observed and studied at regular intervals over a period of time which can either be long or short term.
3. Researchers conduct long interviews with open-ended questions with 40 couples. - In-depth Interviews
In-depth interviews aim to find out as much on a topic as possible and as such can take some time to complete. Questions are usually open ended so subjects can express themselves fully.
4. Researchers observed 15 families in their homes over a period of 1 year. - Observation
Observational study involves observing the subjects often in their natural settings.
5. Researchers survey family members on how many hours per week they spend doing various tasks or ask them to keep a diary of what they do every 30 minutes over an entire day over a period of a week. - Time use studies.
Time use studies are studies on the way people spend their time which is what the researchers here hope to find out.
barber charges $20 per haircut. The total cost for running his home-based business is $4,000 per month, which includes his salary of $3,000 per month. The minimum number of haircuts he must do to cover all of these expenses and his salary is 200 per month. The barber wants to increase his salary to $4,000 per month, making his total monthly expenses $5,000. What is the minimum price he must charge for each of the 200 haircuts so he can cover this increased salary? Question 5 options: $25 $30 $15 $20
Answers
The minimum price that the barber must charge to increase his salary to $4,000 for each of the 200 haircuts is A. $25.
Data and Calculations:
Charge per haircut = $20
Total cost per month = $4,000
Monthly salary = $3,000
Other costs per month = $1,000 ($4,000 - $3,000)
Minimum number of haircuts per month = 200
Expected monthly salary per month = $4,000
Total new monthly expenses = $5,000
Minimum price to charge per haircut = $25 ($5,000/200)
Thus, the minimum price that the barber must charge to increase his salary to $4,000 without increasing the number of haircuts is $25.
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Answer: 25$ is the correct answer
Explanation: I took the test
Pleaseee help
P
L
E
A
S
E
Answers
Answer:
What should I help dude
Aaron realizes he has a budget deficit of roughly $175 at the end of two months in a row.
Answers
Answer:
Cancel his cable TV subscription and go out to dinner three fewer times each month with friends
To resolve the budget deficit Aaron should cancel his cable TV subscription and go out to dinner three fewer times each month with friends.
What does "budget deficit" mean to you?When expenses surpass income, usually over the course of one fiscal year, there is a budget deficit. Though organizations, businesses, and individuals can also have budget deficits, the word is typically used to refer to governments. The national debt grows due to the deficit each year. As a result, the national debt is a much bigger number.
The government experiences losses during times of poor economic development or economic recession. Workers who leave their jobs pay less in taxes, which reduces the government's revenue. A budget deficit can also result from excessive or careless government expenditure when combined with low tax rates.
Budget surpluses are produced when the government's revenue exceeds its expenditures (the opposite of a budget deficit). As a result, the government will have extra money to spend on a variety of purposes, such as debt repayment, tax reduction, funding of public initiatives, and so forth. The surplus funds may also be set aside for when a subsequent budget deficit arises.
Because the effects of budget deficits aren't always bad—in some circumstances, they might actually enhance aggregate demand—they are complicated. Furthermore, the public sector may benefit in a variety of ways, such as through unemployment program or public services, if rising government spending results in budget deficits. But inflation is one of the main risks connected to the budget imbalance.
In general, the only ways to lower the budget deficit are by raising taxes or cutting spending. This can be done by boosting taxes or speeding up the nation's economic growth. It's a fine line to walk, though, as high taxes can stifle economic expansion. Spending reductions present additional challenges since they may hinder economic expansion, reduce tax collections, and even exacerbate the budget imbalance.
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what are rock layers
Answers
Answer:
the answer is isStratum
what difference would it make to the economy if there were no money? What commodities might serve as money instead? Provide reason for your answers.
Answers
Answer:
Well, we would simply be reduced to a barter economy. Therefore we would have to trade items for items.
Explanation:
This is the way it is because "Barter" is The exchange (goods or services) for other goods or services without using money. So if we needed beef, we would have to give the person trading the beef something of ours. As for countries who want to trade, if one needs wool, and one needs iron, and country A has Iron and country B has wool They'd barter the two items.
Joel his looking to open an account that allows him to withdraw cash frequently at no penalty in order to pay his monthly bills. Which of the following options would best suit his needs?
A Money Market account
B Traditional savings account
C Certificate of deposit
D Traditional checking account
Answers
Answer:
Traditional Checking account
Explanation:
I did the test and got it right
The following options that would best suit his needs is Traditional checking account is Option(d) is correct.
What is Traditional checking account?A traditional checking account, likewise alluded to as a norm or essential checking account, offers the capacity to compose checks. It likewise gives admittance to a charge card that you can use to make buys and pull out cash at ATMs.
This kind of checking account might charge a month to month upkeep expense. However, many banks and credit associations will postpone this charge assuming you meet specific necessities. For instance, you might have to pursue direct store, keep a typical least everyday equilibrium, pursue extra monetary accounts and administrations or meet different prerequisites.
There might be a base store prerequisite you want to meet to open a traditional checking account. When you have a standard checking account, you can connect your charge card to a versatile wallet or a portable installment application. You can likewise associate your checking account to bank accounts, retirement speculation accounts and different sorts of monetary accounts inside or beyond your bank.
Therefore Option(d) is correct.
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net sales are: select one: a. gross margin plus fixed expenses. b. gross sales less returns and allowances from customers. c. gross sales less cost of goods sold. d. profits less cost of goods sold. e. cost of goods sold less returns and allowances.
Answers
Net sales is the sum of a company's gross sales minus its returns, allowances, and discounts.
Net income calculations are now not continually obvious externally. They can frequently be factored into the reporting of top line revenues stated on the profits statement.
Does internet income equal gross margin?Gross margin equates to internet sales minus the cost of items sold. The gross margin shows the amount of income made before deducting selling, general, and administrative (SG&A) costs. Gross margin can also be called gross profit margin, which is gross profit divided through internet sales.
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https://brainly.com/question/28390284#SPJ4Employees tend to stay with one company for their entire careers.
Please select the best answer from the choices provided
OTrue
OFalse
Answers
Answer:The answer would be true, unless the employee had to leave for personal reasons
Explanation:
A company ''A'' generates revenue from sales of dollar 850,000 it deducts the costs for materials, labor, rent is dollar 150,000 what left is its profit?
Answers
In everyday life, the terms "profit" and "income" are frequently used interchangeably.
What is Gross Profit ?However, depending on the context, these terms can have very different and specific meanings in corporate finance.
While income denotes a positive flow of cash into a business, net income is much more complicated. Profit is commonly understood to be the cash left over after expenses are deducted.
Though gross profit and operating profit both fit this definition in the most basic sense, the types of income and expenses that are accounted for differ significantly.
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The class trip is going to cost each of the fifty
students $130.00. If tax is 5%, what is the total
cost for the entire class?
Answers
Answer:
$6,825.00
Explanation:
50x$130=$6,500.00
$6,500 × 5% = $325.00
$325.+$6,500=6,825.00
Management, can anyone help me?
Answers
I think it is C I looked up some stuff and they all add up to C
Select the correct answer.
Sandra is about to start a small business in her area. She is creating a business plan after carrying out extensive research. She is currently creating projected balance sheets and income statements that could be useful to potential investors. Under which section of the business plan should Sandra place these records?
A.
business description
B.
financial analysis
C.
marketing strategy
D.
sales forecast
E.
exit strategy
Answers
Answer:
Financial Analysis
Explanation:
Just trust moi ;)
What is the difference in hormones of powerful people vs powerless? Testosterone/cortisal?
Answers
Answer: the powerless people are still very powerful with out a power vs the powerful people that have power are still weak and only powerful and strong due to the power they have.
Explanation:
i dont really know how to explain it.
Answer:
People with more of the hormone testosterone have more strength because that is the job of this specific hormone
craig, a marketing manager at helizone inc., rarely takes initiative or suggests new ideas during project meetings. he does his work half-heartedly and needs to be guided by his manager on a regular basis. according to robert kelley's basic styles of followership, craig most likely is a(n)
Answers
According to Robert Kelley's basic styles of followership, Carig most likely is a passive follower.
Robert Kelley categorized fellowship style into five styles. Based on Robers Kelley's basic styles of fellowship these are five styles of fellowship:Exemplary: they are independent, innovative, and willing to stand up to superiors. Conformists: they are very active in doing their organization's work they used to be called "yes people". Passive; they rarely take initiative or suggest new ideas during a project meeting. Alienated: They are highly independent critical thinkers but low in engagement. Pragmatic: they are rarely committed to their group's work goals.
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Technician a says that in a worm gear steering system, most excessive steering free play is usually found in the gearbox. technician b says that in a rack-and-pinion steering system, excessive free play can be found in the bushings. who is correct? choose one answer. a. technician a b. technician b c. both technician a and technician b d. neither technician a nor technician b
Answers
Answer:
b. technician b
Explanation:
Worm gear is the arrangement of gear like a worm in the vehicle. It has rack and pinion steering system. This setup provides smooth drive experience to the drivers. The excessive freeplay in such a setup is found in bushings.
Internal conflicts within countries that threaten to destabilize society are caused by all but which one of the following?
Answers:
a. Weak job creation
b. Economic stagnation
c. Treatment of minority groups
d. Inclusive economic development
Answers
Internal conflicts within countries that threaten to destabilize society are caused by all but one of the following options. The answer is d. Inclusive economic development. Weak job creation, economic stagnation, and the treatment of minority groups are major contributors to internal conflicts within countries. When people feel marginalized and excluded from the economic and political systems, they become more likely to engage in activities that threaten social stability. High levels of unemployment or underemployment can lead to frustration and hopelessness, especially among young people, which can drive them towards extremist ideologies and violent behavior.
Economic stagnation is another factor that can contribute to internal conflicts. When economic growth is slow or non-existent, people become more frustrated with their living conditions and are more likely to take to the streets in protest. Additionally, when governments fail to address issues of economic inequality and corruption, it can fuel popular discontent and erode trust in institutions.
Finally, the treatment of minority groups can also contribute to internal conflicts. When groups feel that they are being discriminated against or oppressed, they may become more militant in their demands for equal treatment. This can lead to violence and instability if their demands are not met.
Inclusive economic development, on the other hand, can help to reduce tensions and promote social stability. By providing opportunities for all members of society to participate in the economy and benefit from economic growth, governments can help to reduce the risk of internal conflicts.
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Seller Jim tells his agent Brenda that he does not want his home marketed to families with children. Brenda refuses. Which statement is true
Answers
People are often entitle to their behavior or actions. The statement that is true is that Brenda has not violated any fiduciary duty.
A fiduciary duty is known to be when a person did accept some measures of responsibility to act in place in the best interests of another person or entity.A breach of fiduciary duty takes place only when a principal did not carry out the responsibly given to them and for that they may pay some penalty.
For Brenda case, she has not accepted to carry out the duty on behalf of Jim and as such She is not to be held for breach of fiduciary duty.
See full question
Seller Jim tells his agent Brenda that he does not want his home marketed to families with children. Brenda refuses. Which statement is true?
Brenda must follow all of Jim’s instructions.
Brenda has violated the fiduciary duty of obedience to Jim.
Brenda could be liable for a breach of the listing contract terms.
Brenda has not violated any fiduciary duty.
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