SITXFIN009 Student Assessment Tasks

Required: Record the payment that Mookie The Beagle Concierge receives from Sandy Copper in payment for services provided Remy. 1. Create Receive Payment. a. From the Navigation Bar, select Projects > Sandy Copper: Remy b. From the Add to project menu, select Receive payment c. Select Payment Date: 01/23/2023 d. Select Payment Method: Check e. Select Deposit to: 1600 Undeposited Funds f. Select Invoice Number 1002 g. After selecting the Invoice, what is the Amount Received displayed? Note: Answer this question in the table shown below. Round your answer 2 decimal places. h. Select Save and close Amount received $ 2. View the Transaction Journal for Receive Payment. a. From the Navigation Bar, select Sales > All Sales tab b. From the Sales Transactions List, select the Sandy Copper: Remy payment just entered c. From the bottom of Receive Payment, select More > Transaction Journal d. What are the Account and Amount Debited? Debit Credit 20.00 Note: Answer this question in the table shown…

Q17: Among the advantages of object of expenditure approach all the following except а. It can be easily incorporated into the accounting system. b. Readers and preparers can easily understand the budget. С. It provides data useful primarily in the short run planning. d. Budgets are uncomplicated and can easily be prepared. Q18: Business organizations uses many types of budgets, the main budget used in governmental organizations is: а. Long term budget b. Cash forecast budget С. Capital Budget d. Operating budget

Prepare a Budget Proposal for a sport organization of your choice and should also contain the following elements: Step 1: Develop a Budget CalendarStep 2: Planning and ForecastingStep 3: Develop Expense EstimatesStep 4: Develop Revenue EstimatesStep 5: Estimate Preliminary Surplus/DeficitStep 6: Present, Defend and Seek ApprovalStep 7: Administering and Evaluating Budget

X Search the web ↑ EXPERT SOLUTION FOLLOW-UP QUESTIONS ↓ Homework help starts here! ← Q&A Library τυιαι Γαγiicit Net cash flow Beginning cash ance Ending cash balance Step 5 Budgeted Income Statement Budgeted Income Statement for May Sales Less: Cost of Purchase consumed (30000+120000-40000) Gross Profit Less: Selling and Adm. Expenses Depreciation Interest on Notes Payable Total Net Income Step 6 Budgeted Balance Sheet Minden Company Budgeted Balance sheet as on May 31 Assets Cash The company is in the process of preparing a budget... 204TUU -100 9000 8900 Amount $ 72000 2000 100 Amount $ 200000 110000 90000 74100 15900 Amount $ ASK AN EXPERT CHAT | √ MATH SOLVER 8900 where from 9

Which of the following is the cornerstone (or most critical element) of the master budget? The operating expenses budget The budgeted balance sheet The sales budget The inventory, purchases, and cost of goods sold budget а. b. с. d. 3. The budgeted statement of cash flows is part of which element of Amazon.com's master budget? The financial budget The operating budget The capital expenditures budget None of the above а. b. с. d. Use the following information to answer questions 4 through 7 Suppose Mallcentral sells 1,000,000 hardcover books a day at an average price of $30. Assume that Mallcentral's purchase price for the books is 75% of the selling price it charges retail customers. Mallcentral has no beginning inventory, but it wants to have a three-day supply of ending inventory. Assume that operating expenses are $1,000,000 per day. 4. Compute Mallcentral's budgeted sales for the next (seven-day) week. $157,500,000 $217,000,000 $435,000,000 $210,000,000 а. b. с. d. 2.

Q5 A budget is 'accepted' by managers when they______. Select one: a. relates it to their own personal objectives b. receive the budget in writing c. are consulted by top management d. agree to it verbally

X Search the web ↑ EXPERT SOLUTION RECOMMENDED QUESTIONS Homework help starts here! ← Q&A Library Step 6 Budgeted Balance Sheet Minden Company Budgeted Balance sheet as on May 31 Assets Cash Accounts Receivable Inventory Building and equipment, net of Depreciation Total Assets Liabilities and stakeholders equity Accounts Payable Notes Payable Common Stock Retained Earnings Total Liabilities and stakeholders equity Still Need Help? FOLLOW UP QUESTION WAS THIS HELPFUL? FEEDBACK The company is in the process of preparing a budget... во Amount $ 8900 70000 40000 211500 330400 ASK AN EXPERT CHAT | √ MATH SOLVER 72000 20000 180000 58400 330400 where from

In Organizational Development (OD), each area of OD has its own budget to maintain. Please create a spreadsheet indicating the following purchases for the different OD areas and the remaining balance for each department based on the beginning budget and purchases as indicated. The Center for the Advancement of Teaching and Learning Beginning Budget $60,000 Speaker Books Speaker Gifts $2,000 100 @ $22.50 each $200.00 Leadership Development Beginning Budget $40,000 Retreat Location Rental Retreat Lunch Conference Awards $8,000 $11.00 each for 72 attendees $9,000 $8,800 Creative and Strategic Initiatives Beginning Budget $25,000 Camera Software Digital subscriptions $7,000 $2,000 $550.00

Auditing || fall20 Dashboard My courses  ACCT4141_iram_fall20 WEEK 7: 25 OCTOBER - 31 OCTOBER  Case study 2 Separate groups: 5 My Submissions Case 2 Title Start Date Due Date Post Date Marks Available Case study 2 - Case 2 27 Oct 2020 - 08:00 28 Oct 2020 - 06:00 28 Oct 2020 - 19:00 100 Summary: On Chapters 9, 10, and 11:   The YuRaeKa charity was established in 1960. The charity’s aim is to provide support to children from disadvantaged backgrounds who wish to take part in sports such as tennis, badminton, squash, basketball and football.       YuRaeKa has a detailed constitution[1] which explains how the charity’s income can be spent. The constitution also notes that administration expenditure cannot exceed 10% of income in any year.       The charity’s income is derived wholly from voluntary donations. Sources of donations include:   (i) Cash collected by volunteers asking the public for donations in shopping areas,   (ii) Cheques sent to the charity’s head office,   (iii) Donations…

PLEASE ANSWER ALL QUESTIONS 27 .Budgeting: A. Sets targets and objectives established by management B. Is intended to control expenses C. Defines how revenue will be earned D. Sets the organization's "rules of the road" for operating 28. Hospitals are currently paid less if a patient is discharged and readmitted within 30 days for a related diagnosis. This is an example of: A. Payment for service provided B. Payment for quality measurement C. Payment for coinsurance D. Payment for deductible 29. Which of the following is not an emerging payment model? A. Patient Centered Medical Home B. ACO C. Bundled Payment D. DRG 30. Which of the following is NOT an incentive to provide more services? A. Capitation B. Charge-based reimbursement C. Per diem D. Per procedure 31. The party ultimately responsible for payment for healthcare services is: A. Medicaid B. The insurer C. The patient D. The provider accounts receivable staff 32. Population health management challenges clinicians to…

Please answer with reason for all why the option is correct and why the other options are incorrectPlease answer correct otherwise skip it   1- Which 2 statements are correct regarding budgets in QuickBooks Online?   Budgets are available in QuickBooks Online Essentials, Plus, and Advanced   Budgets can be subdivided by Class, Customer, Location, or Project   Budgets can be created to track capital expenditures Budgets can be set up based on the last fiscal year's financial data   Budgets can be created to track capital expenditures   Budgets can be set up based on the last fiscal year's financial data   Budgets can be created in Excel and imported into QuickBooks Online Essentials   A single budget can be set up to track across multiple years

Describe the 5 types of budgets listed for these Wk 3 Financial Exercises: Problem Set 2, Part 1. In your descriptions, include the budget's objective, how the budget assists an organization in managing its financial activities, and what types of data need to be included in that specific budget. Type of Budget Cash Flow Operating Sales Static Financial Description Insert cash flow description. Insert operating description. Insert sales description. Insert static description. Insert financial description.

Prepare a Budget Proposal for a sport organization of your choice.Your proposal should also contain the following elements: Step 1: Develop a Budget Calendar Step 2: Planning and Forecasting Step 3: Develop Expense Estimates Step 4: Develop Revenue Estimates Step 5: Estimate Preliminary Surpus/Deficit Step 6: Present, Defend and Seek Approval Step 7: Administering and Evaluating Budget

1. Prepare A Budgeted Statement Of Cash flow? Analyze, Think, Communicate ATC 7-1 Business Applications Case Preparing and using pro forma statements Mary Helu and Jason Haynes rccently graduatcd from the same university. After graduation thcy decided not to scck jobs at cstablishcd organizations but, rather, to start thcir own small busincss hoping they could have morc flexibility in their personal livcs for a few ycars. Mary's family has opcrated Mexican restaurants and taco trucks for the past two gencrations, and Mary noticcd thcre were no taco truck Scrviccs in thc town where their university was located. To reduce the amount they would need for an initial investmcnt, they decided to start a busincss operating a taco cart rathcr than a taco truck, from which they would cook and scrve traditional Mexican-stylc strect food. They bought a used taco cart for $18,000. This cost, along with the cost for supplics to get startcd, a business license, and street vendor licensc brought their…

BUS 203: INTRODUCTION TO COST AND MANAGEMENT ACCOUNTING PROJECT: CASH BUDGETING ASSOCIATE DEGREE YEAR 2: SEMESTER 1 (2020/21)Ronstadt Limited’s budget for the four months from January to April includes the following data:1. MonthSalesMaterialsWagesOverheads $000$000$000$000January615115.030360February636120.033390March690135.036420April684130.040425 2. One-third of sales revenue is received one month after sale and the remainder is received two months after sale. The sales in the previous two months were: November $600 000; December $540 000.3. One-quarter of purchases of materials are paid for in the month of purchase. The remainder are paid for two months later. Purchases in the previous two months were: November $108 000; December $106 000.4. Two-thirds of the wages are paid in the month in which they are earned, and the balance is paid in the following month. The wages for the previous December amounted to $30 000.5. One-half of the overhead expenditure is paid in the month in…

true and false a. Developing a budget is a critical step in planning any economic activity. This is true for businesses, for governmental agencies, and for individuals. (……….) b. The sales budget shows the projected sales in units and the total expected sales revenue. (……….)

Learning Objective 2 Product Costs and Product Profitability Reports, using a Single Plantwide Factory Overhead Rate Isaac Engines Inc. produces three products-pistons, valves, and cams-for the heavy equipment industry. Isaac Engines has a very simple production process and product line and uses a single plantwide factory overhead rate to allocate overhead to the three products. The factory overhead rate is based on direct labor hours. Information about the three products for 20Y2 is as follows: Pistons Valves Cams Budgeted Volume (Units) 6,000 13,000 1,000 Pistons Direct Labor Hours Per Unit Valves Cams If required, round all per unit answers to the nearest cent. a. Determine the plantwide factory overhead rate. $ 28 ✔per dlh 0.30 0.50 0.10 0.3 ✔ dlh The estimated direct labor rate is $20 per direct labor hour. Beginning and ending inventories are negligible and are, thus, assumed to be zero. The budgeted factory overhead for Isaac Engines is $235,200. 0.5 dlh 0.1 ✓dlh Price Per Unit…

please answer within the format by providing formula the detailed workingPlease provide answer in text (Without image)Please provide answer in text (Without image)Please provide answer in text (Without image)       QUESTION 2   In the late June of each year, BOS Global Ltd prepares a cash budget for the next 6 months. The entity’s management wishes to prepare a cash budget in order to assess its likely requirements for short-term funds. Actual sales for May, and estimated sales for June, and for the next 7 months are as follows: Months Sales Revenues (Actual and Estimates) [GHS]   Months Sales Revenues (Actual and Estimates) [GHS] May 20,000   September 50,000 June 28,000   October 94,000 July 24,000   November 74,000 August 26,000   December 52,000       January 40,000     Approximately 25 per cent of sales are for cash and 75 per cent are on credit. Past experience has shown that two-third of all credit sales are collected in the month immediately following the month…

* CengageNOWv2 | Online teachin x ome keAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false еBok Show Me How Print Item Personal Budget At the beginning of the school year, Craig Kovar decided to prepare a cash budget for the months of September, October, November, and December. The budget must plan for enough ca December 31 to pay the spring semester tuition, which is the same as the fall tuition. The following information relates to the budget: Cash balance, September 1 (from a summer job) $9,250 Purchase season football tickets in September 160 Additional entertainment for each month: 250 Pay fall semester tuition in September 4,800 Pay rent at the beginning of each month 600 Pay for food each month. 550 Pay apartment deposit on September 2 (to be returned December 15) 600 Part-time job earnings each month (net of taxes) 1,200 a. Prepare a cash budget for September, October, November, and December. Use the minus sign to indicate cash outflows, a…

The last step in the financial planning process is to Group of answer choices use financial statements to evaluate results of plans and budgets, taking corrective action as required implement financial plans and strategies. periodically develop and implement budgets to monitor and control progress toward goals redefine goals and revise plans and strategies as personal circumstances change develop financial plans and strategies to achieve goals

Learning SE MINDTAP evo/index.html?deploymentid=60338517901669990751687760&elSBN=9780357517642&nbld=3626933&snap... ☆ lomework 6300. 1 mancial Lailuialvi vi a spicoubnicel. Hide Feedback Correct X f6 Quantitative Problem 1: You plan to deposit $2,200 per year for 6 years into a money market account with an annual return of 2%. You plan to make your first deposit one year from today. a. What amount will be in your account at the end of 6 years? Do not round intermediate calculations. Round your answer to the nearest cent. 4 b. Assume that your deposits will begin today. What amount will be in your account after 6 years? Do not round intermediate calculations. Round your answer to the nearest cent. 6 Hide Feedback Incorrect F Check My Work Feedback Review the FVAN definition and its equation. Q Search Understand the difference between an ordinary annuity and an annuity due. Be careful about the order of mathematical operations if using the equation. If using a financial calculator, be…

Question 2: (): A1, C2, C3 "In the annual meeting of Brixton company, the Head of the accounting department of the company suggested to the top Management to switch the budgetary system from Zero-based budget to Rolling budget " Required: What is the budgetary setting style in Brixton Company? And Briefly Explains the differences between Rolling budgetary and Zero-based budgets.

1. What do you understand by a project budget? Please outline the steps needed to prepare a project budget and indicate the types of costs associated with budgets.  2. Prepare a multi-year budget for a project for a period of 3 years (2020-2022) in an Excel worksheet incorporating the following information.  Please upload your excel document. 3. Please prepare a consolidated budget pivot table in Excel by budget class and year.  Please upload your excel document. Budget Class – Staff Costs • Salary of the Project Manager @ USD 5,000 per month. • Salary of the Admin Finance Officer @ USD 3,500 per month. • Salary of Admin. & Finance Assistant @USD 1,000 per month • Salary of Driver @USD 500 per month Budget Class – Equipment & Furniture Cost of the office equipment and furniture required for the project is USD 30,000 for three years to be procured during the 1st year of the project. Budget Class – Operating Costs (training) Two trainers are required for each training. Each…

A company has completed the operating budget and the cash budget. It is now preparing the budgeted balance sheet. Please use the below image as your guide for the next 5 questions. Identify the document that contains equipment purchases     A       B       C       D       E

Multiple Choice For each of the following questions, circle the best response.Answers are provided at the end of this chapter.1. The cash budget is prepareda. concurrently with the sales forecast.b. based upon the purchases/production budget.c. after the budgeted income statement.d. from the budgeted balance sheet.e. independently from the other budgets.