Why is the budget a far more important
Why is the budget a far more important document for both government and not-for- profits than for business?
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The cost record for this job show the following information Department A Department B Job no.399 Cost of materials used on job $6,800 $4,500 Direct labor cost $8,100 $7,200 Direct labor hours 540 600 Machine-hour 100 100 Instruction.
Sam loaned his daughter and her husband $150,000 on July 1, 2012, to purchase a new house. The loan is for ten years with no interest. The couple has no investment income.
Thomas, age 8, received taxable interest of $1,850 and dividends of $2,550 during the year. He has no other income, and no itemized deductions. Thomas is a dependent of his parents, who have taxable income of $72,000.
Prepare a cash budget for the next two months based on the following information, showing total cash receipts, total cash payments, and beginning and ending balances of cash. You expect to borrow $20,000 from the bank to get your business going.
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