Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Styles Cash Received 2020 Checks Received 2020 Total Amount Received 2020 Total Amount Received 2019 Quarter changes in Receipts Compared with 2010 Increase Dec Touter

image text in transcribed
image text in transcribed
Styles Cash Received 2020 Checks Received 2020 Total Amount Received 2020 Total Amount Received 2019 Quarter changes in Receipts Compared with 2010 Increase Dec Touter 500,000 $500,640 5561.440 SM0 123, 100 $380 240 H10 210 Quarter 5105.260 138.000 S600 820 125.610 $425,000 4Quarter 5194 350 TOTAL $119.7.10 11.440.000 $235, 100 51.783.400 $2.003.400 123.099 35.600 Belthen be . 33 Use the information below to answer Questions 33-34 Below are the summarized reacts to Amye Tool Shop for the month of July to contacting which of the following notes would be attached in a report to the manager Budget Actual Revenues $12,000 $14.000 Total Operating cost $9,300 $11.300 Net Income $2,700 $2,700 Select the single best answer A. The shop has mer expectations conceded budgement n. The shop has performed below expectations because coste 33.0 ve badge c. The shop has performed below expectations because costs are above budget D. The shoh performed below expectations beaucouts as a percentage of boven budget Below are the summer for Amy's Tool Shop for the month of July Assuming that the budget was based on projected sale of 6.000 em at a price of $2.00 each and actual sales were 7,000 em, the most appropriate conclusion to be reported to the owner would be com a percentage of revenue had remained at the budgeted level Budget Actual Revenues $12,000 $14,000 Total Operating Cost $9,300 $11.300 Net Income $2,700 $2.700 Select the single best answer A net income would have declined B. het income would have increased C.net income would have been be budget Dincome would have remained the same 34 Document - Word References Mailings Review View Help ACROBAT A A A A E... 21 ADA AaBbccbd Abbccbd AaBbcc Aabbccd AaB AaBbce Aow 1 Normal T No Spac Heading 1 Heading 2 Title Subtitle Sul Paragraph 2 33 Use the information below to answer Questions 33 - 34. Below are the summarized results for Amy Tool Shop for the month of July In cost accounting, which of the following notes would be attached in a report to the manager? Budget Actual Revenues $12,000 $14,000 Total Operating Cost $9.300 $11,300 Net Income $2,700 $2,700 Select the single best answer: A. The shop has met expectations because costa exceeded budgeted amount B. The shop has performed below expectations because ots are 33.3% above budget C. The shop has performed below expectations because costs we 62,3above budget D. The shop has performed below expectations because costs as a percentage of revenues are above budget Below are the summarized results for Amy's Tool Shop for the month of July Assuming that the budget was based on projected sales of 6,000 items at a price of $2.00 each and actual sales were 7,000 items, the most appropriate conclusion to be reported to the owner would be, "If cosas a percentage of revenues had remained at the budointed level Budget Actual Revenues $12,000 $14,000 Total Operating cost $9,300 $11.300 Net Income $2,700 $2,700 Select the single best answer A net income would have declined B. net income would have increased." Cnet income would have been below budget D. net income would have remained the same." 34

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Intelligence For Entrepreneurs What You Really Need To Know About The Numbers

Authors: Karen Berman, Joe Knight

1st Edition

1422119157, 9781422119150

More Books

Students also viewed these Accounting questions