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Which of the following is an operating budget?A. cash budgetB. production budgetC. tax budgetD. capital budget...

Question

Which of the following is an operating budget?A. cash budgetB. production budgetC. tax budgetD. capital budget

Which of the following is an operating budget? A. cash budget B. production budget C. tax budget D. capital budget



Answers

The two largest sources of tax revenue for the U.S.
federal government are
a. personal and corporate income taxes.
b. personal income taxes and payroll taxes for social
insurance.
c. corporate income taxes and payroll taxes for social
insurance.
d. payroll taxes for social insurance and property taxes.

Okay, so let's understand the current solution. Okay, So, first, before we will write a technical decoration, managerial accounting activities. Okay, Although it will be a technical detonation. However, it will not be, you know, a little bit. Lord were confusing. Good saying dude around decision making activities based on many Gillian accounting information. Okay, so from this definition, we can extract our meaningful Don's that That will be, you know, most most elements in explaining this internship. So it's centered around decision making activities. Okay. The ministry LECONTE activities. Okay. No bases on board. Many Djula coping information. One. So you can also see for the company as a whole like to support. If there is a manager, so he will be He would be taking decisions based on the something information for the company of the letter. Suppose we have five business units, five different business units, five different business units off the company. Let's suppose x in company. So they will be five different managers off off each of them business units off each of the business unit so back each of the business units decision will be taken by their respective managers. However, these managers or we can say specifically, managerial accounting activities do not include financial statement repetition by that. So because you can also Oh, I understand. Go this way. That many years I've never I never, ever hired for you doing a predictive dusts. They are hired for making decisions. They are higher for their insights. Okay, They're hired for their skills, which which they have in our specific area, not a specific business on next. Okay, so from that weekend, we can grow over solution. So the correct choice, the correct choice for the problem will be a where it states that the current the manager accounting activities, the managerial accounting activities will not be well, not in would be patient off financial statements. Okay, So our correct choice for hearing problem is a because because the manager accounting activities is not concerned with financial statement. The tradition. Okay, that's all for the solution. Thank you.

Okay, So let's understand our current solution through lover example. Okay, let's suppose we have Mr A. Okay, So what, Mr. A is thinking that he is willing stocked godman business More specifically, we can see a painter's so start government business know what happens. Mr. A is also short offers. You can write it down, which I am, you know, going go out right now on the sheet. Okay, so Mr is also short offers. However, his friend Mr B has asked Mr A various types of methods glorious forms. Okay. Know what happens out of such current betters as other questions also specifies which is not a sustainable method off raising the forms for a business. So Mr BCE's this is the naval mattered. Is one rich gifts sufficient as villas? Sir Danity who? Who receives such parties? Okay, what? Mr Bees is that the ferns which are going to be raised toe any type off method or begins a true any type of medium. First of all, it should be sufficient. And second, it should be sucking. Okay, Now, out of the options available, bitter potion has asked us then which of the falling is not a sustainable mattered off raising funds. So back city for we will discuss the attacks in France by that. So because it is the most appropriate choice out of victory out of the current available options. Okay, so tax difference are basically the mountains which are checked. Expert is likely to receive from tax authorities. Okay, let's suppose you haven't come off $100,000. Now you have to pay tax to the government. Now, you have already deposited the checks, which is more than the liability you have towards the government in respect of Texas. So it is very likely that you are You're going to receive the tax difference because you have deposited Oh, great. A remote, then your liability. Okay, But what happens when when the government assesses your tax liability and doesn't think differently? Okay, there isn't a desert. There is a natural tendency of a person over taxpayer. We can see natural tendency is to avoid Texas. So the government will work against that. So the government assesses the experience liability. As for the act, but in some other directions also like that experience may avoid some income sources to include income in their tax assessment. So the tax authorities really do that will go back. Okay, so Texas for text defends on so they are not sufficient. First of all there, nor sufficient they're nor sufficient by that. So because it maybe around do mostly very ready. It made a change to $50,000 that's all. And that's and that will be not sufficient for a business who get funded at the initial stage. Okay, why? They're so because at the initial stage, it is very likely that for the initial five years, the business is going to make loss even if and more specifically by that by that happens because the business does not get the required number of crimes who started the business also. So that is very $50,000 with Lord or maybe can say $100,000 will not being a force. Okay. And it also depends on business to business case business to business case like what type of business you are going to start. Okay. Also did is not ready sub danity as to received off text difference by that. So because it may happen that it already faces some some of these shoes in processing the difference. Or maybe a much time greater than required time. As for the or local regulations. So your text different? May God believe? Okay. Now, if you're willing to start the business in one month and if your text difference are going to be sure after six months, then it's very likely that there is, you know, very, very lasted less that entity that you will get your text So it is not a sustainable mattered off fundraising. Okay, so the correct choice for problem is day exit points. Okay, that's all for our solution. Thank you.

So we are going to understand today about they even knew. Okay. Expense recognition Going to say Okay, so what does this time Simpson is? Let's in the same. So you like the victory? Okay, it is a methodology which your business and to be who regard the expenses as well as in Go in which they have here in card, they have bean in card. Okay, Earned respect. Get so we will understand this concept toe. Very simple example. Yeah. However, you can write down this on to your notebooks for future reference. Let's suppose there is a person. Mr. Okay. And there is a second person, Mr B, who is a supplier. Who is this supply Enough raw material to Mr A. No. What happens, Mr Reflect when he produces ish raw material from Mr B. So Mr A said Okay, you can transfer me Rahm idiot! That is worth off the peace $1000. But I haven't They you wish some later date like 11 Oh, begins it next year. Okay, Because that would be the living for robotics example, But understanding okay in next year. Okay. No, What happens? This $1000 will be recognized as expense in current financial year instead off next violence. So that is whatever Conservancy's that this irrespective off, in which the expense has bean in good. So Mr A is incurring the expense off chasing Rahmati, their then current financially. OK, but however he is willing to pay those expenses next time tell you so. Therefore, these $1000 will be recognized. This expenses in got in financially. Okay, that is clear. So that restricted way expense recognition concept. Okay, so this is our example One. Okay, let's understand. Example Number do. Okay, so whatever example doses. So last day, let's say Mr E a being. And now there's Mr C. Mr Mr C. Okay, so my study sees a testament. So Mr Air delivered goods and services to Mr C and this this type of transition for 20 offers So lost me What? Mr. Si se That Mr. I will pay you in next year. Okay, so that is those. So the world of goods and services. What's $10,000? So Mr A as this. Counting that then this $2000 will be recognized s income. So he's account Billy. Say that explore the renewed recognition and expensive recognition 17 They will recognize this $2000 as income in current financial year, irrespective of receiving this $2000 in subsequent years. Okay, even in this to $2000 will be realized in next. Financially, and they will be considering it s coming current finish. OK, so that is what I would, But I never knew the combination concepts sees. However, this concept I never knew the combination and expensive commission concept matches vig matches with over Joyce A That that this president? Indeed. Current question. OK, so that's all forever. Solution. However you can, right? Don't cheat them with cheap one choice. Joyce, is that okay?

Okay, So we are doing the stag in Hendry. What is the meaning of it and looted expects. Okay, so in 20 is nothing. It is thieves all McKinney in. Okay, it is the law practice cheesed by business entity who put a bed finished course. Okay. I like to support Date is our That is a business on it. Always dealing in business, off selling for me. Chip, perhaps, like chairs and tables. And so for sex. And likewise. Okay, so he has to acquire Roma TDN. Okay? He has to be acquired. Rahmati, that people says such girls. Okay, now what happens? They never Then whenever I need business or any business or chases the inventory, Okay, What happens? There are new circumstances. 1st 1 is that for purchasing the 20. The business entity pays cash with a supplier. Okay. Against the chains, off material or in mentally on the supplier. Okay. And back bush in that cash to supplier will be considered in incomes to Okay, but let's suppose we have a good relations with suppliers and supplier may allow credit off who? Three. Once the business. Okay from movie. A case of it in 20. Okay, so it will become our level. If you will not be the supplier immediately on purchasing off from material orange country, then it will become a liability. Okay, so it will be classy fighting that in sheet. Okay, so one once again, like the recluse circumstances and veep urges Elementary. Either we will a gastro supplies immediately the lock and we would pay later on in time. And that component will be classified in Bellingen. Okay, so that is what we have given in the current caution. Okay, we can also this liability. We can also we can also refer to it. That's supplies. Okay. And this is supplies expense. So expense will be recorded income, statement and liability part because it is not a liability. It is just the inventor. Okay, so it will be classified in balance sheet. So that matches with Joyce. Hey, that is that engine. Okay, So supplies will be classified in bed, and she's okay. That's all part of a solution. However, you can write cheap mobile as well as she remembered on your load books for future reference. But answer will beat choice. Okay. Thank you.


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