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The Thompsons have prepared the following budget What percent of their expenses is spent on housing and entertainment?
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∙ 14y ago
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∙ 14y ago
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Paula prepared the following budget. What percent of her expenses is spent on housing and entertainment?
26%
What should the post closing trial balance is best prepared from?
The General Ledger provides all the information you need to prepare a Post Closing Trial Balance as well as a Trial Balance, etc. A post closing trial balance is a trial balance that is prepared "before" accounts are closed out for the accounting period, such as expenses, revenues, etc. Adjusting entries are made to the General Ledger from the Journal entries and then a PCTB is prepared using the information obtained in the Ledger.
What is a forecasting budget?
It is used to get an idea of what a comforcasted budgetpany might expect to earn in a fiscal year. You take last years expenses, increased by any percentage that you think they might go up, also include any new expenses you expect to incur. Then take the years expected revenue, usually last years plus projected growth, and subtract the expenses. The difference is projected profit. All of this combined is a forcasted budget A forecasting budget can be both annual and more frequent. Generally an annual budget is prepared in order to determine if the organisation is progressing as expected. A more frequent cash flow budget should be prepared to ensure that the organisation is able to meet current obligations as they fall due, and they are progressing effectively in regard to cash flows.
How will you entry income from subsidiary in income statement?
When there is a parent child relation available then consolidated income statement is prepared in which expenses and income of parent and subsidiary are shown in one single financial statement due to which net profit or loss for whole organization is shown.
What are your Achievement as accounts payable?
•Prepared and delivered Reporting on Resources Expenses accounts and Budgeting •Introduced new reconciliations at transaction level, improving and reducing suspense items •Developed and improvements the internal control on payment processes through studying a flow chart for Purchasing and Receiving goods process. •Successfully delivered presentation on Expenses analysis monthly and why the expense account over than the plan For discussion during a meeting expenses Monthly •Successfully presentation the Payments Outstanding Checks Monthly and how we improve this payments to keep the cash flow. •Developed new management information requirements, quarterly reporting
Paula prepared the following budget. What percent of her expenses is spent on housing and entertainment?
26%
What is an owners equity prepared for?
The original investment, the revenue, expenses that resulted in net income, and withdrawal by the owner.
What is owners equity statement prepared FOR?
The original investment, the revenue, expenses that resulted in net income, and withdrawal by the owner.
What is an owners equity statement prepared for?
The original investment, the revenue, expenses that resulted in net income, and withdrawal by the owner.
What goes on a income statement?
income statement includes expenses and incomes related to that specific single fiscal year for which that income statement is prepared. It is to clarify that only income and expenses related to that specific period is included and not for any other fiscal year.
Where can I buy prepared meals?
Most grocery chains sell prepared meals. Research indicates you can also purchase prepared meals froms Sears. The following provides additional information: www.sears.com/food-grocery-prepared-foods/c-1030763
What are the advantages and disadvantages of production budget?
ADVANTAGES OF PRODUCTION BUDGET:-The following are the advantages of production budget:* Plant and machinary can be utilised to a maximum extent* Labour hours can be utilised to a greater extent*It help to reduce production expenses as there is uniform production*It is enough to maintain minimum stock of goods*Purchase cost budget can be prepared*Production cost budget can be prepared
Is patrijs kosher?
Partridge is a kosher bird but has to be slaughtered and prepared following the laws of kashrut.
How important is it to have accident insurance?
It is important to have accident insurance in order to be prepared for the unexpected. Having accident insurance will prevent major expenses but not all resulting in an accident.
The income statement is prepared from what?
The Income Statement is prepared from the balances of some of the General Ledger Accounts. The General Ledger Accounts are split between the Income Statement and the Balance Sheet. The Account types used by the Income Statement are Revenue, Costs and Expenses.
Does organic food have to be prepared specially to stay organic?
Yes it must be prepared in a special way. If not prepared in a special way then it may not stay organic. Visit the following link for more information. en.wikipedia.org/wiki/Organic_food
Where can I get information on prepared meals for the morbidly obese?
There are numerous low calorie prepared meals. If you are interested in losing weight and eating prepared meals, please see the following: www.myhealthnewsdaily.com/weight-loss-programs-work-for-severe...
