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

Question 1 collusionassume a market for a homogenous good

Question 1. Collusion Assume a market for a homogenous good with the following demand curve: Q = 1000 - 10P where Q represents total industry output. There are two firms competing in the market, with constant and identic ...

Discussnbspwith your learning team the configurations

Discuss  with your Learning Team the configurations needed to resolve the problems outlined in this lab exercise. The configurations that have been applied to the devices within this lab have a number of incorrect settin ...

All of the major empirical implications of the malthusian

"All of the major empirical implications of the Malthusian model hold true for the world 5,000 BCE to 500 CE" Critically discuss. The question should be answered at least 300 words in essay format, it is about the econom ...

Chapter 1perspectives on operations strategyresource based

Chapter 1 Perspectives on operations strategy: Resource based view (argument of this view: VRIN framework) Process view Capability view Characteristics of manufacturing and service processes Characteristics of goods and ...

1 watch the dr seuss the sneetches and write down an

1. Watch the Dr Seuss The Sneetches and write down an exhaustive list of the macroeconomic concepts that you observe. 2. Explain each concept in simple terms, providing examples of the favorable things that can happen wh ...

Question -according to the prediction of the economic

Question - According to the prediction of the economic research department of the Central Bank at the end of 2018, the macroeconomic situation next year (2019) is given in the following table, if neither the Central Bank ...

How does brand competition within stores affect prices

How does brand competition within stores affect prices? Explain.

I philips curvesuppose that the philips curve is given by

I. Philips Curve Suppose that the Philips curve is given by π t  = π e t  + 0.1 -2u t What is the natural rate of unemployment?  Assume π e t = θπt-1 and suppose that θ is equal to 0. Suppose that the rate of unemploymen ...

Define the says law and give your interpretationdoes

Define the Say's law and give your interpretation. Does everything have a price? Are there some things you would not do regardless of the price? (Remember: prices and money are not synonyms; prices may be non-monetary.) ...

You are told that 50 cents out of every dollar pumped into

You are told that 50 cents out of every dollar pumped into the economy goes toward consumption (as opposed to saving). Estimate the GDP impact of a positive change in government spending that equals $15 billion.

  • 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

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

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