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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
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
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