Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Macroeconomics Expert

problem 1) Answer all the problems:

1) Briefly describe budget. prepare down the difference between budgeting and budget.

2) What is production budget? Why it is prepared.

3) Describe the importance of cash budget.

4) describe the major objectives of budgeting control.

5) Describe the meaning of product mix.

problem 2) What do you understand by business forecasting? Describe its importance and limitation.

problem 3) What do you understand by zero base budgeting? describe its essential features. How it differs from traditional budgeting.

problem 4) From the following information prepare cash budget for the quarter April to June:

Months    Sales    Purchase    Wages    Factory Overhead    Office Overhead
Jan         90,000    40,000      9,000        5,000                        7,000
Feb      1,00,000    50,000    10,000        5,000                        7,000
March   1,10,000    55,000    11,000        5,500                        7,500
April     1,20,000    60,000    12,000        6,000                        8,000
May     1,30,000    65,000    13,000         6,500                         8,500
June    1,40,000    70,000    14,000         7,000                         9,000

ADDITIONAL INFORMATION:

a) Expected cash balance on 1st April is 11,000.

b) 40% of total sales will be in cash . 75% of credit sales would be realized after one month of the sales and rest after two months.

c) Purchase would always be made for cash to avail cash discount @8%.

d) Wages will be paid after an interval of 15 days on 1st and 16th of each month.

e) Factory overheads would be paid after an interval of month.

Macroeconomics, Economics

  • Category:- Macroeconomics
  • Reference No.:- M94377

Have any Question? 


Related Questions in Macroeconomics

The affordable care act is expected to help increase access

The Affordable Care Act is expected to help increase access to health care. Health insurance exchanges will be an important part of that. Most people get health insurance through their employers. But people without this ...

Explain why 76 years ago the rowell-sirois commission

Explain why, 76 years ago, the Rowell-Sirois Commission argued that: "The quality of education and welfare services is no longer a matter of purely provincial and local concern. In Canada today, freedom of movement and e ...

Tco g let the exchange rate be defined as the number of

(TCO G) Let the exchange rate be defined as the number of dollars per Japanese yen. Assume there is an increase in U.S. interest rates relative to that of Japan. (Part A) Would this event cause the demand for the dollar ...

Essayi directions please complete a 5-10 essay response for

Essay I. Directions: Please complete a 5-10 essay response for any one of the following topics. Do use lecture notes, scholarly books and articles as well as documents for supportive data(100 points each).An additional r ...

Topic international tradequestionpromptnbspin 2014 the

Topic: International Trade Question/Prompt:   "In 2014, "the United States exported $2.34 trillion worth of goods and services-an all-time record. Exports from the United States in 2014 equaled the entire gross domestic ...

Discussnbspyour findings is it better to make strict acls

Discuss  your findings. Is it better to make strict ACLs and let users ask for exceptions, or to use few ACLs and only add them as they are discovered to be needed? What are arguments for both approaches? How different i ...

International political economywrite a 5 page essay 12

International Political Economy Write a 5 page essay (12 point type, Times New Roman, double spaced or the equivalent) on each of the following questions. 1. Provide an overview of the current global agreement surroundin ...

Equal marginal principlea write down the equal marginal

Equal Marginal Principle a. Write down the equal marginal principle for consumers. b. When does this condition hold? c. What does it mean?

Why is it important for the prices of goods to reflect

Why is it important for the prices of goods to reflect their true costs of production? What happens when they do not? What policies could be enacted to internalize the full costs? Illustrate one graphically.

Part anbsptracy dave and tony run the only restaurant in

Part A:  Tracy, Dave and Tony run the only restaurant in town which has been doing well due to the mining boom. Tracy wants to sell as much food as possible without losing money. Dave wants the restaurant to bring in as ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen