Explain the advantages and disadvantages of cash budgeting with appropriate literature review.

Q: The price is $10 per unit. Total sales revenue is $1,000, total variable costs are $600, and total…

A: Solution,,   Contribution margin  ratio  = (Sales - variable cost) / Sales revenue

Q: Should we accept this project:?

A: NPV and IRR are the techniques to evaluate the available projects and to select the feasible project…

Q: Swiss Industries imports raw nuts from farmers at a cost of $8.40 per pound. Swiss can resell the…

A: The income statement refers to the statement showing the profit and loss born by an organization…

Q: 12) ABSD INC.'s B.O.D's approved issuance of 5,000,000 share of $50 par value common stock.…

A: Dividends are paid in two types Stock dividends and Cash dividends. Stock dividend means a payment…

Q: Use the following information for the Quick Studies below. (Algo) ($ thousands) Net sales Current…

A: Given,  Current year net sales = $802,213 Prior year net sales = $453.350

Q: Month January February March April May Cost $11.0 $10,8 $12,5 $13,2 $13.C

A: Answer : Variable cost using high low method Variable cost = (Highest unit cost - Lowest unit cost)…

Q: Mint Company is preparing a flexible budget for next year and requires a breakdown of the factory…

A: Variable Cost :— It is the cost that changes with change in cost driver. Variable cost per cost…

Q: Adjustments to Net Income-Indirect Method Kingston Corporation's accumulated depreciation-equipment…

A: Cash flows- operating activities - is a part of the 3 main parts of the Cash flow statement.…

Q: View transaction list Journal entry worksheet 1 3 Note: Enter debits before credits. Transaction b.…

A: A basic journal entry in accounting merely debits and credits one account. Simple diary entries are…

Q: Purchased a machine with $100.000. Decided to take 50% Bonus in the first year, and put in 3-year…

A: Depreciation is decrease in value of assets due to the use of equipment and wear and tear of the…

Q: Problem 3: Calculate Tax Liability Andrew Golden works as a personal secretary for Jackson…

A: Workings :-   1) Tax on Wages & Self Employment income   Andrew has qualified dependent and…

Q: Prepare a vertical analysis of the 2022 income statement data for Duke Company and Lord Company.…

A: VERTICAL ANALYSIS OF FINANCIAL STATEMENT Vertical analysis is a method of analyzing the…

Q: Banele had a taxable estate of $17.8 million when they died this year. Calculate the amount of…

A: It is the amount of tax levied on the property or estate of a deceased person.

Q: Residual Income The income from operations and the amount of invested assets in each division of…

A: Residual income = Income from operations - (Invested assets*Minimum  required rate of return)

Q: How much loss should Nyx recognize

A: Net realisable value (NRV) means money received in hands after deducting expenses in relation to…

Q: a. What was the book value of the equipment at December 31 the end of the fourth year? b. Assuming…

A: 1. Depreciation = (Cost of the asset - Estimated residual value ) ÷ Estimated useful life of the…

Q: The cash flows for two mutually exclusive alternatives are as follow: A B - $500 - $600 -200 -300…

A: When an investment decision is required to be made between two or more mutually exclusive…

Q: On January 1, 2021, Loop Raceway issued 520 bonds, each with a face value of $1,000, a stated…

A: The bonds are the financial instruments for the business to raise money from the investors. The…

Q: Compute the contribution margin ratio and fixed costs using the following data. Sales $5,200…

A: The contribution margin is calculated as difference between sales and variable costs. The net income…

Q: Marin Company makes several products, including canoes. The company reports a loss from its canoe…

A: SEGMENT MARGIN  Segment margin is the amount of profit or loss produced by one component of a…

Q: Apply mathematical skills around cost structures and appropriate equations to  answer the following,…

A: We know that Cost of Sale = Opening Inventory + Purchases - Closing Inventory Markup per unit can be…

Q: each of the following items, indicate whether it would ge erence: e of different depreciation…

A: Lets understand the basics. Deferred tax arise when there is temporary difference is arise between…

Q: On the bank reconciliation, deposits in transit are: O a. an addition to the balance per bank…

A: In this question, we need to identify the treatment of the deposits in transit in the bank…

Q: Determine the proper order of the steps in which a new company's master budget should be prepared. +…

A: Let us know about master budget Businesses may find master budgets to be a useful tool. A master…

Q: QUESTION 1 The objectives of internal control are to O a. provide control over "internal-use only"…

A: The internal control are post by the company in order to monitor the working of the organisation in…

Q: On May 3, Zirbal Corporation purchased 4,500 shares of its own stock for $31,500 cash. On November…

A: Buy back of share means buying our own share from the open marked, these share are technically…

Q: The following data pertain to Turk Company's operations last year: Sales $ 900,000 Net operating…

A: The required rate of return indicates the rate of earning on the firm's average operating assets. It…

Q: Wilco Inc. allocates overhead on the basis of direct labor hours. They report the following budgeted…

A: Solution...   Predetermined overhead rate  = Budgeted manufacturing overhead/ budgeted labor hours

Q: Are these written in your own words?

A: Yes the answer is writtern in own words. Please find a alternate answer below

Q: 13. Manny and Sabrina Fernandez had alternative minimum taxable income of $1,340,600 in 2022 and…

A: THE ANSWER IS  A) $0   BECAUSE THEY HAVE EXCESS ALTERNATE MINIMUN TAXABLE  (AMT) INCOME, SO MARRY…

Q: You want to invest $41,000 in a portfolio with a beta of no more than 1.36 and an expected return of…

A: EXPECTED RETURN  An expected return of a portfolio is the weighted average rate of return for all…

Q: Journal entry worksheet

A: In accounting, a simple journal entry consists of just debiting and crediting one account. Because…

Q: have a: par value and sell for $19 cash per share. stated value and sell for $19 cash per shar

A: Answer : Date Account title Debit Credit 1 Cash a/c Dr. (41000*$19) $779,000     To common…

Q: able costs are $4 per unit. How m if sales volume is increased by

A: Price per unit = $5 Variable cost = $4 Fixed cost per unit =$2   If sales volume increased by 10…

Q: Describe the difference between service organization budgets and manufacturing organization budgets.

A: A budget is made up by every organization with an aim of knowing and the determination of the money…

Q: Profit Center Responsibility Reporting XSport Sporting Goods Co. operates two divisions—the Winter…

A: An income statement is a financial statement that represents the financial performance of the…

Q: $12.00 8 $4.00

A: Answer : Break even unit = $270,000 / $48 = 5625 units Variable cost = Sales - Contribution margin…

Q: Alpha Corporation is in the business of leasing temporary warehouse space. On December 1, 20Y4.…

A: Unearned revenue is the amount of revenue that has been received by the company even before…

Q: Mr. Chow, Ms. King, Mr. Jolly and Ms. Bee formed a partnership on Jan. 01, 2017 with original…

A: Partnership means where two or more person comes together to run the business and share profit or…

Q: Problem 6: Swan Corporation acquired 10,000 Maid Company shares on February 5, 2021 at P50 which…

A: 6.1 INTITIAL CARRYING VALUE   10,000 sharesX P50 = P5,00,000   The recording amount of shares will…

Q: Raleigh Department Store uses the conventional retall method for the year ended December 31, 2022.…

A: Solution:                                                                     Raleigh Department…

Q: Ariana and John who file a joint return have to dependent children, Kai and Angel. Kai is a freshman…

A: The Lifetime Learning Credit (LLC) is a tax credit score used to offset the price of lessons and…

Q: Corey Company has a margin of safety percentage of 30%. The break-even point is $245,000 and the…

A: A company's operational profit is the sum of its sales income after all operating expenses, such as…

Q: Cullumber Inc. assigns $4728000 of its accounts receivables as collateral for a $3.30 million loan…

A: The journal is frequently referred to as the "book of original entries" because it serves as the…

Q: Intro You are evaluating an investment project costing $49,000 initially. The project will provide…

A: Answer to Question:-1 Payback Period of this project =8 years…

Q: Suppose that A arranges for B to clean A's windows, and promises to pay B $1000 for his work. B does…

A: Consideration is a fee made with the aid of using one birthday celebration to some other in trade…

Q: Concord Corporation produces a product that requires 2.60 pounds of materials per unit. The…

A: Answer to Question:- The standard direct labor rate per hour is:- c) $17.20

Q: VINCI Policarpio Company provided the following data for the purpose of reconciling the cash balance…

A: The bank reconciliation statement is prepared to equate the balances of cash book and passbook with…

Q: Required Information [The following information applies to the questions displayed below.] Patel and…

A: Variable Overhead Spending Variance :— It is the difference between actual hours at standard…

Q: Paid cash to Lyn Addie for six days of work at the rate of $125 per day. Note: Enter debits before…

A: This question relates to passing Journal Entries. Passing Journal entries is the first step in the…