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Ludmilka [50]
2 years ago
15

Jack is a self-employed contractor. He uses his Ford F250 in his business. He does not have another vehicle for personal use. He

wants to
claim the standard mileage rate for the business use of his pick-up. To do so he must keep records of the following, except:
Choose one answer a. Total mileage during the year
b. Cost of insurance for the pick-up.
c. Business mileage during the year
d. Commuting mileage during the year
Business
1 answer:
miskamm [114]2 years ago
5 0
C business mileage during the year to claim the standard mileage rate for the business
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Which of the following statements is not correct?
arlik [135]

Answer:

d. The cash budget must be prepared prior to the sales budget because managers want to know the expected cash collections on sales made to customers in prior periods before projecting sales for the current period.

Explanation:

  • From the statements the cash budget must be prepared in advance to the sales budget is not corrects. As the sales budget is prepared first and it establishes a format for the budget that is critical for the company successes and it thus consists of the different elements that depend in how a business is organized.
6 0
2 years ago
​Matthew's Fish Fry has a monthly target operating income of​ $6,600. Variable expenses are​ 80% of sales and monthly fixed expe
Natasha2012 [34]

Answer:

The correct answer is C

Explanation:

Break even Sales is computed as:

Contribution margin ratio = Fixed Cost / Break even Sales

where

Contribution margin ratio = 1 - Variable expense of 80%

= 20%

Fixed Cost is $840

30% = $840 / Break even Sales

Break even Sales = $840 / 20%

= $4,200

The actual sales is computed as:

Actual Sales = (Fixed Cost + Desired Profit) /  Contribution margin ratio

= ($840 + $6,600) / 20%

= $7,440 / 0.2

= $37,200

The margin of safety is computed as:

Margin of Safety = Actual Sales - Break even sales

= $37,200 - $4,200

= $33,000

5 0
2 years ago
Some people feel that the expense of pollution-controlling devices could lead to business failures and job losses; other people
Ann [662]
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Jobs created by pollution-control will offset those that may be lost

you'r welcome :)

</span>
4 0
2 years ago
Read 2 more answers
Which statement best describes the relationship between businesses and other parts of the circular flow of goods?
loris [4]
The answer is d sorry if it wrong
3 0
2 years ago
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while guiding organization members in appropriate directions, a manager exhibits a) consideration behavior c. authoritarian beha
Solnce55 [7]
The correct answer<span> is D. leadership behavior</span>

Authoritarian is too harsh while consideration and theory are incorrect.

3 0
2 years ago
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