Sally receives the following information on her project: PV=100, AC=75, EV=100.How well is the project doing in terms of budget?25 under budget25 over budgetnot enough informationRight on budget

We have certain metrics of tracking the project in terms of value and cost. We have to find the…

Answered: Sally receives the following…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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B D. You will prepare a static master budget, budgeted financial statements and a flexible budget/variance analysis for Karry No Key, Inc. which will sell karaoke machines. 5 Assumptions: You plan to form Karry No Key on April 1 and expect the following: 6 1. Invest in exchange for stock 2. Purchase delivery truck with cash with $0 salvage value and expected useful life in years 9 3. Sales increase per month 100,000 60,000 8 10 2% Collections in month of sale 69% Collections of remainder in following month of sale 2 4. Desired ending inventory (% of next month's expected sales) Payments in month of purchase Payments of remainder in following month of purchase 5 5. Other operating expenses per month to be paid in month incurred 1 31% 20% 3 10% 4 90% 49,000 Requirement 1: Complete the Sales Budget and Cash Collections for April - June and the quarter in total using applicable assumptions above. Sales Budget April May June Total 1st Quarter April Sales in units 1960 Price per unit $ 98.00…
As sales manager, Joe Batista was given the following static budget report for selling expenses in the Clothing Department of Soria Company for the month of October. Sales in units Variable expenses Sales commissions Advertising expense Travel expense Free samples given out Total variable Fixed expenses Rent (a) Sales salaries Office salaries Depreciation-autos (sales staff) Total fixed Total expenses SORIA COMPANY Clothing Department Budget Report For the Month Ended October 31, 2022 Budget 8,000 $2,400 720 3,600 1,600 8,320 1,500 1,200 800 500 4,000 $12,320 Actual $2,600 850 10,000 2,000 Favorable 4,100 1,400 8,950 1,500 1,200 800 500 4,000 Difference $12,950 Favorable Unfavorable Neither Favorable nor Unfavorable $200 Unfavorable 130 Unfavorable 500 Unfavorable 200 Favorable 630 Unfavorable -0- Neither Favorable nor Unfavorable -0- Neither Favorable nor Unfavorable -0- Neither Favorable nor Unfavorable -0- Neither Favorable nor Unfavorable -0- Neither Favorable nor Unfavorable $630…
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For the following budget sheet fill in the missing blanks. Budgeted Cost Week >>: <<< Description CBC 1 4 6. 7 8. 10 11 WP 1 WP 2 WP 3 WP 4 WP 5 WP 6 WP 7 WP 8 40 10 10 10 10 8 4 4 10 5 10 10 3 3 16 8. 8. 10 5 3 Total 14 14 10 10 10 5 5 A Cumulative 14 28 38 48 58 63 68 A = B= C= D= E= F= DH |의 LL 5, olcol
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Man Hours: Budgeted hours: 40 hours Actual hours used: 44 hours Rate is $28 per hour What is the current and projected budget allotted answer? Project Budget allotted =
I need the answer of the below question in 30 Minutes. What are the various kind of budgeting and critically compare the fixed and variable budgeting and state the advantages and disadvantages of both
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Question 14 ( If the budget for your hotel had 100 rooms, open 300 days a year, with 50% occupancy and an ADR of $80, fixed costs of $750,000 and with a marginal cost per room of $17.50 then a) What would be your budgeted sales revenue. b) If your actual sales revenue was $1,5000,000 what would be the variance in % c) If your ADR as actually $85 would the variance be positive or negative d) If your actual marginal cost was $17.25 would the variance be positive or negative? e) If you actually sold 155,000 rooms would the variance be positive or negative
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Little Table of Information (L'TOI) The table reminds you about the difference between finished units (sales volume) and resources units used to produce those sales. Also, BOTH the +2 and SQ must reflect the actual and standard (planned) resource units needed to produce the actual sales volume. Little Table of Information (L'TOI) Flexible Budget Actual Actual Finished Units (FU) Sold 17,000 17,000 x Resource Units per FU 1.00 1.50 = Total Resource Units (RU) (SQ) 17,000 25,500 (AQ) x Price per RU (SP) $8.00 $7.00 (AP) = Total cost $136,000 $178,500 Problem 6.1: In August, Phelps produced 5,000 award medals, 100 more than expected. During the month, the company purchased 1,100 ounces of gold for $875,000. Material standards per medal: 0.21 ounces @ $800 per ounce. The company actually used 1,000 ounces of gold for production. Calculate direct materials price and quantity variances. Problem 6.2: Shevlin Enterprises purchased 60,000 gallons of direct materials during the year at a price…

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Sally receives the following information on her project: PV=100, AC=75, EV=100. How well is the project doing in terms of budget? 25 under budget 25 over budget not enough information Right on budget