Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which budget provides the information needed to prepare the direct labour budget? income budget O production budget O materials budget Osales budget Marigold has budgeted

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

Which budget provides the information needed to prepare the direct labour budget? income budget O production budget O materials budget Osales budget Marigold has budgeted its activity for December according to the following information: 1. Sales at $506000, all for cash. 2. Budgeted depreciation for December is $12400. 3. The cash balance at December 1 was $56700. 4. Selling and administrative expenses are budgeted at $34800 for December and are paid for in cash. 5. The planned merchandise inventory on December 31 and December 1 is $25900. 6. The invoice cost for merchandise purchases represents 65% of the sales price. All purchases are paid in cash. How much are the budgeted cash disbursements for December? $376100 O $363700 $351300 $514060 The cash payback method is useful because O it gives a broad indication when outlays will be recovered by the firm. O it gives a specific date as to when outlays will be recovered by the firm. O it avoids using complicated accounting data in capital budgeting decisions. O it is easy to communicate the relation between cash received and ultimate profitability of a project to everyone in the organization. Present Value of an Annuity of 1 Periods 7% 8% 9% 1 0.935 0.926 0.917 2 1.808 1.783 1.759 3 2.624 2.577 2.531 A company has a minimum required rate of return of 8% and is considering investing in a project that costs $49000 and is expected to generate cash inflows of $29000 at the end of each year for two years. The net present value of this project is $20000.00. $10000.00. $51707.00. O $2707.00

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

International Corporate Reporting Global And Diverse

Authors: Pauline Weetman, Ioannis Tsalavoutas, Paul Gordon

5th Edition

1138364991, 9781138364998

More Books

Students also viewed these Accounting questions

Question

What does stickiest refer to in regard to social media

Answered: 1 week ago

Question

Did you include a prominent, attention-grabbing headline?

Answered: 1 week ago

Question

Did you follow BANGPP design checklist to review the layout?

Answered: 1 week ago