Which of the following statements regarding budgets is true? a. Budgets are detailed forward-looking financial reports based on expected income and expenses. b. Budgets describe a person’s financial position at a given point in time. c. Budgets measure a person’s financial performance at a given point in time. d. Budgets describe a person’s financial goals over a specific period of time. e. Budgets are historical documents that tell an individual how he or she has performed in the past.

Answers

Answer 1

Answer:

a. Budgets are detailed forward-looking financial reports based on expected income and expenses.

Explanation:

A budget is a financial plan used for the estimation of revenue and expenditures of an individual, organization or government for a specified period of time, often one year. Budgets are usually compiled, analyzed and re-evaluated on periodic basis.

The first step of the budgeting process is to prepare a list of each type of income and expense that will be part of the budget.

The final step by the management of an organization in the financial decision making process is making necessary adjustments to the budget.

The benefits of having a budget is that it aids in setting goals, earmarking revenues and resources, measuring outcomes and planning against contingencies.

It is typically used by various organizations or companies due to the fact that, it's tied directly to the strategy and tactics of a company on an annual basis. Also, it is used to set a budget for marketing efforts while anticipating on informations about the company.


Related Questions

Every component, from producer to grocery store, contributes to the process of the___ chain

Answers

Answer:

Supply Chain

Explanation:

Supply Chain is the route of flow of goods and services starting from the producer/manufacturer/service provider to the end use consumer.

The supply chain network has various other segments such as logistics, distributors, retail supplier, etc.

Hence, the correct answer is the "Supply"

State
five
features distinguishing Features of servicing​

Answers

Answer:

The answer is below:

Explanation:

Services are a byproduct of a business firm which is done in exchange for money. However, unlike the products or goods, it has its distinct features or characteristics.

Hence, there are various Features of services, some of which includes the following:

1. Intangibility: they are not tangible or cannot be touched

2. Perishability: they cannot perish like goods

3. Inseparability: services under the ae work or elements cannot be separated like goods

4. Heterogeneity: the quality of services is diverse, hence, the price and time of delivery vary.

5. Ownership: unlike the goods, when it comes to services the person rendering services is the one that tends to move around.

What Resident Evil games do you guys love and what monster or boss is your favourite inside that game.

a. Resident Evil 1
b. Resident Evil 2
c. Resident Evil 3
d. Resident Evil 4
e. Resident Evil 5
f. Resident Evil Revelations
g. Resident Evil Revelations 2
h. Resident Evil 0
i. Resident Evil 7
j. Resident Evil 1 REmastered
k. Resident Evil 2 REmake
l. Resident Evil 3 REmake

Answers

Answer:

i-

totally business studies

Explanation:

no comment

Answer:

b. Resident Evil 2

Explanation:

Mr X (Tyrant) is my favorite boss in RE2:)

Sheila has a plan to save $45 a month for 18 months so that she has $810 to remodel her bathroom. After 13 months Sheila has saved $510. If the most Sheila can possibly save is $70 per month, which of the following statements is true? a. Sheila will meet her goal and does not need to adjust her plan. b. Sheila must save $50 per month to achieve her goal. c. Sheila must save $60 per month to achieve her goal. d. Sheila will not be able to achieve her go

Answers

Answer:

Sheila has a plan to save $45 a month for 18 months so that she has $810 to remodel her bathroom. After 13 months Sheila has saved $510. If the most Sheila can possibly save is $70 per month, which of the following statements is true?

a.} Sheila will meet her goal and does not need to adjust her plan.

b}  Sheila must save $50 per month to achieve her goal.

c}  Sheila must save $60 per month to achieve her goal. <<CORRECT

d}  Sheila will not be able to achieve her goal.

Explanation:

Edge 2021

Sheila will meet her goal and does not need to adjust her plan. The correct option is a.

What is the introduction of savings?

Savings is the amount left over after an individual's consumption demands have been satisfied. Individuals who make purchases using credit and are subject to increasing EMI obligations would have little to no monthly savings. Savings aid in accumulating money for the future.

To find out if Sheila will be able to achieve her goal, we need to determine how much more she needs to save in the remaining 5 months.

Sheila's goal is to save $810, and after 13 months, she has saved $510. Therefore, she needs to save an additional:

$810 - $510 = $300

in the remaining 5 months.

If the most Sheila can save is $70 per month, then the maximum amount she can save in the remaining 5 months is:

$70 x 5 = $350

Since $350 is more than the $300 she needs to save, Sheila will be able to achieve her goal and does not need to adjust her plan.

Thus, the ideal selection is option a.

Learn more about Saving here:

https://brainly.com/question/30004719

#SPJ7

hey besties i have a question i fw anime like i really do and i think i wanna cosplay but im like top tier popular so should i just like not I'm for sure gonna get bullied.

Answers

Answer:

ngl i am like "the popular girl" and i just live two lives i popular at school and anime obsessed at home lol

Explanation:

Honestly I just do what I want cuz why am I gonna please other people who don’t please me

The three motivational qualities that leaders have are initiative, ability to motivate others, and ability to set goals.
true
false

Answers

Answer:

true I'm pretty sure it's true.

Omega Company would have applied $31,500 of fixed manufacturing overhead if capacity usage had equaled the master budget. Given that 2,000 standard hours were allowed for the actual output, that actual fixed manufacturing overhead equaled the budgeted amount, and that overhead was applied at a rate of $15 per hour, what is the entry to close the fixed manufacturing overhead accounts

Answers

Answer and Explanation:

The journal entry to close the manufacturing overhead account is shown below:

Given that

There is applied overhead of $31,500

And, the budgeted overhead is

= 2,000 × $15

= $30,000

As we can see that the budgeted overhead would be lower than the applied overhead so this is an under applied overhead

Cost of goods sold Dr $1,500 ($31,500 - $30,000)

         To factory overhead $1,500

(Being the closing of overhead is recorded)

briefly explain the term gross value added at basic prices ​

Answers

Gross value added (GVA) is defined as output (at basic prices) minus intermediate consumption (at purchaser prices); it is the balancing item of the national accounts' production account. GVA can be broken down by industry and institutional sector.

hope this helped, good luck <3

cash receipts journals​

Answers

Answer: theyre handy!

Answer:

cool lol

Explanation:

Which of the following is an
example of a wellness perk?

Answers

Answer:

I think it's letter

"A"

COBRA

what are the disadvantages of alloys​

Answers

They are prone to corrosion and are not as strong

The Acmeville Metropolitan Bus Service currently charges $0.99 for an all-day ticket, and has an average of 588 riders a day. The bus company is not earning a profit, but according to their contract with the city, they cannot cut the number of buses on the road. They must therefore find a way to increase revenues. The bus company is considering increasing the ticket price to $ 1.1 . The marketing department's studies indicate this price increase would reduce usage to 337 riders per day. Calculate the absolute value of the price elasticity of demand for bus tickets using the simple percentage change method. Round your answer to one decimal place.

Answers

Answer:

-3.88 or 3.88

Explanation:

Calculation to determine the absolute value of the price elasticity of demand

Using this formula

Price elasticity of Demand = % change in quantity demanded / % change in price

Price elasticity of Demand =%∆QD / %∆P

Let plug in the formula

Price elasticity of Demand= (( 337 - 588 )/( 1.1- 0.99)) * ( 0.99 / 588 )

Price elasticity of Demand= (-251 / 0.11) * ( 0.0017)

Price elasticity of Demand= -22,81.8181 * 0.0017

Price elasticity of Demand= -3.88 or 3.88 ( absolute value)

Therefore the absolute value of the price elasticity of demand will be -3.88 or 3.88

Computer equipment was acquired at the beginning of the year at a cost of $66,600 that has an estimated residual value of $4,100 and an estimated useful life of five years. Determine the (a) depreciable cost, (b) straight-line rate, and (c) annual straight-line depreciation.

Answers

Answer:

Depreciable cost = Cost of equipment - residual value

Depreciable cost = 66,600 - 4,400

                             = $2,200

Annual depreciation = cost - residual value / useful life

Annual depreciation = 66,600 - 4,400 / 5

                                  = 12,440

Straight-line rate = Annual depreciation expense / cost - residual value

Straight-line rate = 12,400 / 66,600 - 4,400

                            = 0.199

When government is trying to raise tax revenue, it sometimes attempts to target higher-income people because they are in a better position to bear the burden of a tax. However, it can be very difficult to earn tax revenue from wealthy people. Consider the progressive nature of the U.S. federal income tax system: It's designed so that higher incomes are taxed at higher tax rates. Thinking about the elasticity of labor supply, why might it be more difficult to collect tax revenue from a wealthy individual than from a poor person, all else equal

Answers

Answer: The labor supply curve for a wealthy individual is usually more elastic than a poor person's labor supply curve

Explanation:

Tax could be described as individuals paying a particular percentage of their income and whatever they use then pay to the government. The aim of the tax being collected is to generate funds internally which could be used in maintaining the economy.

Despite the government attempts to make tax be one-sided, it yields little or no result in favour of the poor as they end up being well tax as same as the rich. Those who are poor make use of services regularly, and most societies have them than those who are already established. The labor supply curve for a wealthy individual is usually more elastic than a poor person's labor supply curve. We would realize that we have more poor people in labour than those who are rich.

Is marketing hard? and it is stressful or can give you an anxiety?​

Answers

Answer:

yes yes yes yes yes

Explanation:

There is so much pressure and things at stake that sometimes you feel like everything's gonna go wrong.

1. Analyse the benefits and challenges of establishing a company versus other forms of ownership​

Answers

Explanation:

Some of the various forms of business ownership include:

partnershipsole proprietorshiplimited liability company

The benefits of establishing a company (limited liability company):

owners asset are separated from any liability the company incurs > in sole proprietorship the owners personal asset can incur liability. excluded from federal income taxe.

The challenges:

requires high setup cost > this is not the case with sole proprietorship.raising capital for operations is diffficult

Outline two possible problems to HSN of many employees leaving.​

Answers

not having enough employees to do the work or something

Which of the following is not an outcome of providing more responsive customer care?
Multiple Choice
reduced customer turnover
greater profits
stronger word-of-mouth
higher brand loyalty
reduced competiton

Answers

Answer:

reduced competiton

Explanation:

The outcome i.e. not providing more responsive customer care is decrease competition.

The following are the outcomes are provided more responsive customers:

The turnover of the customer decreased. High profits. Worth of mouth is stronger. High brand loyalty.

Therefore we can conclude that The outcome i.e. not providing more responsive customer care is decrease competition.

Learn more: brainly.com/question/6201432

Which of the following would normally fall under general education requirements at a college?
A. Literacy, natural sciences, social sciences, and physical education B. Music, physical education, world languages, and behavioral sciences
C. Math, music, physical education, and military history
D. Math, literacy, natural sciences, and social sciences​

Answers

Answer: D. Math, literacy, natural sciences, and social sciences​

Explanation:

General Education Requirements prepares students with the skills that are needed to enhance their employability and also help them in course of life. Some of these skills include oral and written communication, problem solving, critical thinking, etc.

Some of the subjects that would normally fall under general education requirements at college are Writing, Mathematics, Social science, Natural science, Global awareness, Diversity. etc.

4. Aada's dty is trying to get citizens to invest in municipal bonds. How will the city MOST likely use these funds?
to host a city festival
to pay for road improvements
to give raises to the city council
to feed families who are in need

Answers

Answer:

to pay for road improvements

Explanation:

Remember, the term municipal bonds basically refers to a special kind of loan issued to a local government by its citizens or investors and meant to be used by the government to fund public projects such as road construction, hospitals, and other forms of infrastructure that benefit the general public.

Therefore, the city would most likely use these funds to pay for road improvements as this would benefit the general public.

Answer: to pay for road improvements

in business finance I did that

Answers

Answer:

u r sentence doesn't mean any sense

Answer:

what does your sentence mean?

Explanation:

Which economic system supports government control of major basic industries but allows a high degree of personal and economic freedom to its citizens? A. Market economic system B. Command economic system OO C. Traditional economic system D. Mixed economic system​

Answers

Answer:

mixed economic system

Explanation:

What are 4 reasons why you should print, save, or make a copy of your job application???

Answers

Answer:

Be Prepared. Make sure you know the correct names, dates, places and other information you will need

Julie and Kristen are partners in a local sporting good store. They needed $51,000 to start the
business. They invested in the ratio of 3:10 respectively. How much money did each invest?
What percent is owned by Kristen?

Answers

Answer: See explanation

Explanation:

Since the amount needed to start the

business is $51000 and Julie and Kristen invested in the ratio of 3:10 respectively.

Amount invested by Julie = 3/(3+10) × $51000

= 3/13 × $51000

= $11769.23

Amount invested by Kristen = 10/(3+10) × $51000

= 10/13 × $51000

= $39230.77

The percent that is owned by Kristen will be:

= ($39230.77 / $51000) × 100

= 76.92%

= 77% approximately

QUESTION 9 of 10: When naming a business, you should:

Answers

Think of a catchy slogan to go with it

Answer:

1. Search the name on the internet to and check for copyright.

2. Make something catchy that people will remember ( Like a alliteration).

3. Make a backup name (and maybe a backup backup name).

4. Get a sample of people to rate your name.

5. Make sure your personally happy with it.

describe how net profit of a business is calculated?​

Answers

Answer:

u must work out the total cost and variable cost and add them up, then you must count all your sales and figure out ur revenue. then u do ur total revenue minus ur total costs

mark as brainliest

The formula to calculate profit is: Total Revenue - Total Expenses = Profit. Profit is determined by subtracting direct and indirect costs from all sales earned. Direct costs can include purchases like materials and staff wages. Indirect costs are also called overhead costs, like rent and utilities.

For businesses, profit is often calculated by profit margin formula:follow me nice business

give 2 or 3 reasons on why cheaper delivery is better

Answers

Answer: Because is cheap

2 Because is better and you save money

Explanation:

Answer:

It's 100% cheap, You don't have to worry about driving all the time, and It's better!

Explanation:

Match each investment or savings option with the income source(s) it provides to investors.

Answers

Answer:

huh im confused

Explanation:

have a day ig

The correct match for investment or saving is:

Investment/savings                         Income sources

Trading in Bonds:                            Capital Gains and interest income

Buying and selling properties:       Capital gains only

Trading in company stocks:           Capital gains and Dividends

Opening a CD account:                  Interest Income only

What is an investment?

The classic definition of investment is "commitment of resources to realize benefits in the future." An investment is a "commitment of money to receive more money later" if money is involved. An investment is described as "to tailor the pattern of expenditure and receipt of resources to optimize the desirable patterns of these flows" from a more general perspective.

The net monetary reception during a time period is referred to as cash flow when expenditures and receipts are stated in terms of money, whereas money received over the course of numerous time periods is referred to as cash flow stream. The use of scientific methods, often mathematical ones, in the investing process is known as investment science.

Learn more about investment here:

https://brainly.com/question/15105766

#SPJ1

Tell, Inc., leased a building from Lott Corp. Tell paid monthly rent of $500 and was also responsible for paying the building’s real estate taxes. On January 1, Vorn Co. and Tell entered into an agreement by which Vorn was entitled to occupy the building for the remainder of the term of Tell’s lease in exchange for monthly payments of $600 to Tell. For the year, neither Tell nor Vorn paid the building’s real estate taxes, and the taxes are delinquent. Learning this, Lott demanded that either Tell or Vorn pay the delinquent taxes. Both refused, and Lott has commenced an action against them. Lott will most likely prevail against

Answers

Answer:

Tell and Vorn

Explanation:

Based on the information given Lott will most likely prevail against TELL and VORN reason been that we were told that both TELL and VORN entered into an agreement on January 1 which means that both of them will be responsible for the DELINQUENT TAXES which has not been paid because Vorn occupy the building that was leased out to Tell from Lott Corp in exchange for the amount of $600 which will be monthly paid by Vorn to Tell, which means that in a situation were the taxes is said to be DELINQUENT TAXES in which neither of them paid the building's real estate taxes, Lott will most likely prevail against both TELL and VORN.

At Titus Industries, a middle manager who had just completed her basic probationary period was called by her supervisor for her first performance evaluation. The conversation became rather unpleasant when the supervisor alluded to his disappointment that the new manager was not spending more time with him away from work, where they could get to know each other in a more intimate manner. In fact, he commented that such an effort might just solidify her continuing employment. The type of sexual harassment to which the new manager was subjected is called

Answers

Answer:

quid pro quo

Explanation:

Since in the given situation, it is mentioned that there is an unpleasant behavior when the supervisor alluded that the new manager would not spend much time away from work

So here the type of sexual harassment would be called as quid pro quo as it deals with the advantage in return for something

Therefore the same would be considered

Other Questions
Si se tiene una tabla de 2.0 m de largo y de ancho 0.3 m, el rea de toda la tabla es? The chart shows the population of three major Washington cities. What was the main cause of the change in population from 1880 to 1910? whoever gets this correct first gets brainlest!! PLS HELP ASAP!!!! in complete sentences compare in depth neutrophils, eosinophils and the basophils. Compare their functions Compare their structures Compare how they look when they are stained Compare their counts Can someone plz explain how to do this The benefit of __________ is a reason why several Pacific Island governments retain ties to foreign powers.A.lower taxesB.international tradeC.economic assistanceD.government representationPlease select the best answer from the choices provided I have a million things to do this weekend 2x + y = 2x 2y = -4what is x and y? Please answer correctly! I will mark you as Brainliest Helppp me plsssssss I need this hel me out What are the x- and y-intercepts of the line withequation 4x + 5y = 40 ? WRITE A PARAGRAPH -WHY THIS PERSON IS STILL REMEMBERED TODAY AND WHAT MAKES THEM IMPORTANT TO CHINA? 5 SENTENCES OR MORE Study the graph showing the number of Vietnamese immigrating to the US.Vietnamese Immigration to the US, 1980-2014231,000543,000198019902000988,000Year1,118,000200620101,241,0001,292,0002014250,0001,250,0001,500,000500,000750,0001,000,000Number of ImmigrantsWhat does the graph show about the number of Vietnamese immigrating to the US between 1980 and 1990?It roughly doubled.decreased by half.It stayed about the same. The British historical time known as the _____ was when playwrights could diversify their subject matter.Elizabethan eraMiddle English periodJacobean ageCaroline age2) Choose the best answer.Two new drama genres that emerged from 15581603 were _____.satyrs and pantomimetragedy and comedymystery and morality playstragicomedy and romance3) Choose the best answer. During the reign of Queen Elizabeth, _____ mainly played the parts of women.playwrightsrulersmenchildren4) Choose the best answer.A dramatic convention when a character overhears important information about the plot and informs the audience is called _____.eavesdroppingsoliloquychorusaside5) Choose the best answer.A dramatic convention whereby one character speaks to the audience (on the side) to reveal important information that other characters do not know is called _____.a maskeavesdroppingan asidea soliloquy6) Choose the best answer. A dramatic convention of a character making a speech expressing inner thoughts but not speaking to other characters onstage is called ______.a soliloquyeavesdroppinga maskan aside7) Choose the best answer.Playwrights in the Elizabethan era often alluded to classical mythology as well as _______.Christian textsHinduismMuslim tenetsChinese proverbs8) Choose the best answer.How does an aside, eavesdropping, or the use of a soliloquy cause dramatic irony?Events do not turn out how the audience believes they will.The audience finds out that the character speaking to the audience is tricking them.The audience becomes more informed than some characters in the play.These are the times when the audience answers the characters questions to them.9) Choose the best answer. Elizabethan playwrights make allusions. An allusion is _____.borrowing ideas from well-known worksusing magical tricks to entertain the audiencesplagiarizing words from other authors playsmaking humorous jokes about tragic circumstances10) Choose the best answer. Minerva is the Roman goddess of ______.wisdomloverevengefertility11) Choose the best answer. Hercules is the half-god, half-______ superhero in Greek mythology.calf(DO NOT GIVE ME A LINK PLZ GIVE ANSWERS)wolfhumangiant12) Choose the best answer. In the historical play Richard II by Shakespeare, what place is both called the seat of Mars (in Roman mythology) and also Eden (the Biblical name for the center of creation)?HeavenGreat BritainIrelandDenmark13) Choose the best answer. In Shakespeares tragedy Othello, Iago speaks to the audience in a(n) _____, telling the audience of his motivations and plans to ruin Othellos marriage.soliloquydreamallusionsecret meeting14) Choose the best answer. Iago has suspicions about Othello and his _____, which is one of the reasons he wants to ruin Othello.sisterdaughterwifelieutenant Cornerstone Exercise 9-41 Ratio Analysis Red Corporation had $1,750,000 in total liabilities and $3,000,000 in total assets as of December 31, 2020. Of Red's total liabilities, $600,000 is long-term. Required: Calculate Red's debt to assets ratio and its long-term debt to equity ratio. Round your answers to four decimal places, if required. Debt to Total Assets fill in the blank 1 Long-Term Debt to Total Equity fill in the blank 2 Lady Macbeth assists her husband in covering up the murder of King Duncan by burying the dagger.TrueFalse What are the four different orchestral instrument families?Name five string orchestral string instruments.What are the most common brass instruments used in an orchestra?Name four percussion instruments.Name two different categories of orchestra.Critical Thinking QuestionsWhat is your favorite musical instrument? Why?What is a musical repertoire and how are they created?How are instrument families created?Which of the orchestral instrument families make sound with vibrating strings? Please name one of the ways that sound can be made through vibrating strings.How is pitch related to the size of the instrument?I WILL MARK BRANLIEST!!! BRAINLIST. BRAINLIST. BRAINLIST. PLEASE HELP. Cardiac output is the amount of blood pumped by the heart in one minute. Which of these will increase cardiac output? What's 2+2 ?First one to answer gets cash prize!