What the principal budget factor is the

Assignment Help Financial Accounting
Reference no: EM132933509

Problem 1: The principal budget factor is the

Option 1: Factor which limits the activities of the organization and is often the starting point in budget preparation.

Option 2: Budgeted revenue expected in a forthcoming period.

Option 3: Main budget into which all subsidiary budgets are consolidated.

Option 4: Overestimation of revenue budgets and underestimation of cost budgets, which operates as a safety factor against risk.

Problem 2: Which of the following would NOT be included in a cash budget?

Depreciation

Provisions for doubtful debts

Wages and salaries

Option 1: (i) and (ii) only

Option 2: (ii) and (iii) only

Option 3: (iii) only

Option 4: (i) only

Problem 3: Overtime premium is

Option 1: The additional amount paid for hours worked in excess of the basic working week.

Option 2: The additional amount paid over and above the normal hourly rate for hours worked in excess of the basic working week.

Option 3: The additional amount paid over and above the overtime rate for hours worked in excess of the basic working week.

Option 4: The overtime rate.

 

Reference no: EM132933509

Questions Cloud

What are the amounts of dividend payable : On December 31, a total of cash dividend of P90,000 was declared. What are the amounts of dividend payable
What the double entry to record the difference in price is : In a standard cost bookkeeping system, when the actual material price exceeds the standard price, the double entry to record the difference in price is
How much is the total biological assets : Herd of cattle grown to be butchered for their meat 1,200,000. How much is the total biological assets to be accounted for under PAS 41
Find what the direct material price variance is : Find What the direct material price variance is? Budgeted production and sales 10,000 units. Direct material cost - 3 kg x Khs.10
What the principal budget factor is the : What the principal budget factor is the? Factor which limits the activities of the organization and is often the starting point in budget preparation.
What the net cash provided by operating activities : Bonita Company reported net income of $95000 for the year ended December 31, 2019. What the net cash provided by operating activities
Names on the appropriate internal branches : Part A) Place the following taxonomic names on the appropriate internal branches of your tree: Parazoa, Eumetazoa, Bilateria, Radiata, Protostomes, Deuterostome
Determine the effect of a factor on body temperature : To determine the effect of a factor on body temperature, compare the final body temperature with that factor to the final body temperature while standing still.
Explain the effect on the duplicate genes : Despite its limitations, social media tools can prove quite useful. Content analysis of information on the Internet can identify important topics that are under

Reviews

Write a Review

Financial Accounting Questions & Answers

  Make interim financial statements for the first quarter

Calculation of ending inventory for interim financial statements - Ernst Equipment Co. wants to make interim financial statements for the first quarter. The company wishes to avoid making a physical count of inventory. Ernst's gross profit rate ave..

  Products by using a predetermined application rate

Huxtable charges manufacturing overhead to products by using a predetermined application rate, computed on the basis of machine hours. The following data pertain to the current year: Simone uses a predetermined overhead application rate of $8 per dir..

  Calculate the weighted-average number of common shares

Calculate the weighted-average number of common shares outstanding during the year and earnings per share. Liberty Ventures Inc reported $350,400 profit in 2020

  Define problem solution objectives constraints development

Recommendations Your appendix should also contain Any brochures (scans), websites, photographs and prices you have researched to complete yourassignment.

  Calculate the total contributions made by company

Bridget's earned income is $67,000, while her pensionable earnings are $63,500. Calculate the total contributions made by her and her company into pension plan

  Make all required journal entries on Revaluation surplus

Assuming Bells uses the asset adjustment method for revaluation, make all required journal entries on Revaluation surplus or deficit for 2021

  Determine the inventory balances at the end of first month

Prepare the March income statement for Gantt Manufacturing company. Determine the inventory balances at the end of the first month of operations.

  What amount should balt report in its december

What amount should Balt report in its December 31, 2010 balance sheet as investment in Ace

  What is Anle equity cost of capital

Anle Corporation has a current stock price of $22.24 and is expected to pay a dividend of $0.75 in one year. What is Anle's equity cost of capital

  How do gains and losses differ from revenues and expenses

Post the events to accounts shown under an accounting equation. Oct. 4 Returned $1,250 of defective merchandise from the Oct. 2 purchase.

  What is? thunderhorse weighted average cost of? capital

Significantly lower because of the continuing profit prospects in the global energy? sector, what is? Thunderhorse's weighted average cost of? capital?

  Calculate the ending inventory balance

Calculate the ending inventory balance (in $) if the company uses the average cost inventory valuation method

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd