Difference in the budgets

Assignment Help Accounting Basics
Reference no: EM13137518

Astro Company is a manufacturer and Luyten Company is a merchandiser. What is the difference in the budgets the two entities will prepare?

A) Astro Company will prepare a production budget, and Luyten Company will prepare a merchandise purchases budget.

B) Astro Company will prepare a sales forecast, and Luyten Company will prepare a sales budget.

C) Luyten Company will prepare a production budget, and Astro Company will prepare a merchandise purchases budget.

D) Both companies will prepare the same types of budgets.

Reference no: EM13137518

Questions Cloud

How high (in meters) can the person climb : A 41 kg person drinks 280. g of milk, which has a "caloric" value of approximately 3.0 kJ/g. If only 18% of the energy in milk is converted to mechanical work,
Determine the mean commision earned : The regional tupperware dealers earned these commissions last month: what was the mean commision earned? round your answers to the nearest cents.
Determining budget legislation : Once the budget has been prepared by the various agencies, it is often moved forward to the legislative body for authorization. The legislation process can result in unintended outcomes and restrictions.
Explain tensile force formulas : Tensile force formulas, A cylindrical steel beam is 2 inches diameter and 6 feet long. The modulus of elasticity is 30 x 1,000,000 psi. If the beam is subjected to a tensile force of 1000 lbs, what will be the resulting unit strain?
Difference in the budgets : Astro Company is a manufacturer and Luyten Company is a merchandiser. What is the difference in the budgets the two entities will prepare?
How many moles of hno3 are present : how many moles of HNO3 are present in 33.0 mL of a 4.70M solution ?
Explain would process costing system met manufacturing : The controller, however, has stated that job costing requires too much recordkeeping. Would a process costing system met the manufacturing vice president's control objectives? Explain
Approaches to crisis prevention : Discuss strategic approaches to crisis and how such approaches helps or hinders crisis action planning
Estimate percentage of households owned a vehicle : Assume that there is no available information that can be used to estimate the percentage of households in which a vehicle is owned.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Allocation of administrative costs

Nashville Corporation allocates administrative costs on the basis of staff hours. Short-run monthly usage and long-run monthly usage of staff hours for Operating Departments 1 and 2 follow:

  Highest point of trajectory

A golfer's tee shot follows a path given by y = 64t - 16t^2, where y is the height of the ball (in feet) after t seconds of flight. Halfway through its flight, the golf ball reaches the highest point of its trajectory. How high is that?

  Previous and adjusted balances

Assuming a 30-day period in November, calculate November's interest. Also, calculate the interest Nancy would have paid with: a) the previous balance method, b) the adjusted balance method.

  Manual and system controls

Explain the differences between manual and system controls. Which type of control is preferable and why? Give an example of each of these controls that you encounter in your daily life.

  Production for the period for conversion costs

A process with no beginning work in process, completed and transferred out 14,000 units during a period and had 7,000 units in the ending work in process that were 50% complete. How much is equivalent units of production for the period for convers..

  Determine consolidated net income-transfer prices

Slagle Corporation is a large manufacturing organization. Over the past several years, it has obtained an important component used in its production process exclusively from Harrison, Inc., a relatively small company in Topeka, Kansas. Harrison ch..

  Significant disadvantage of general partnership

Which of the following is a significant disadvantage of a general partnership

  Is sabrina liable for the estate tax

The IRS assesses the portion of the estate tax related to this gift that Sabrina previously received against Sabrina under the rules relating to transferee liability. Is Sabrina liable for the estate tax?

  Value added activities and cost pools with abc

What are some methods a business uses to determine if the activity is value added or not? How do you think business learn from customers (consumers) what is value added and what is not value added?

  Calculate eps and cash dividend

Calculate the firm's 2003 earnings per share (EPS). How large a per share cash dividend did the firm pay on common stock during 2003?

  Financial statements for fiscal year

In the financial statements for its fiscal year ended December 31, Year 2, Investor should report a realized loss on disposal of the Investee Co. shares equal to:

  Operation of the partnership prevail

aesar and Junius orally agreed to become partners in a food testing business. one-half of $80,000, the reasonable value of Caesar’s services during the operation of the partnership. Who will prevail and why?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd