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

A explain the graph of water discharge vs time hydrograph

a.) Explain the graph of water discharge vs. time (hydrograph) of the Charles River at Dover in 2016. b.) Explain the graph of water discharge vs. time (hydrograph) of Town Brook in Quincy in 2016. c.) What is different ...

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 ...

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 ...

Suppose the european union eu is investigating a proposed

Suppose the European Union (EU) is investigating a proposed merger between two of the largest distillers of premium Scotch liquor. Based on some economists' definition of the relevant market, the two firms proposing to m ...

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.

Suppose we have the following three projects up for vote a

Suppose we have the following three projects up for vote: A Highway, a Homeless Shelter, and a Port. There are three representatives who will individually vote on the projects. The net social benefits to the constituents ...

The following labor demand and supply curves for cashiers

The following labor demand and supply curves for cashiers in retail stores. Labor demand curve: E =13 - 1/20 W Labor supply curve:   E =-1 + 1/20 W a) Show in a table the number of cashier demanded and supply for each wa ...

Part a evaluate the fundamental arguments between

(Part A) Evaluate the fundamental arguments between Keynesians and Monetarists concerning the level of government involvement in our economy to minimize the impact and stabilize the different stages of the business cycle ...

Assignment monopoly pricingin this assignment you will

Assignment: Monopoly Pricing In this Assignment, you will demonstrateyour understanding of monopoly pricing, based on different management criteria, the impact of price regulation of monopolies, and provide detailed expl ...

Explain why the kinked demand curve model of oligopoly

Explain why the "kinked demand curve" model of oligopoly represents a game theory approach to oligopolistic behavior.

  • 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