Define the budget, how the budget used in planning? Write about
100-150 in own words please
Answers
A budget is a quantitative and monetary plan for a specific period that sets out the estimated costs and expected revenue for a company or an individual.
How budgets are used in planning?
Budgeting is the process of preparing a comprehensive financial plan that sets out expected revenues and expenses for a specified period. Budgeting is critical because it provides management with the data they need to make informed decisions about resource allocation and investment. It aids organizations in setting targets and achieving their objectives by ensuring that they have sufficient financial resources to undertake the necessary tasks. Budgets may be used in the following ways:
Financial analysis: The budget can be used as a tool for conducting financial analyses and making informed financial choices.
Planning and Control: The budgeting process may help management to plan, monitor, and control the company's activities effectively. It is used as a guideline for decision-making by management.
Development of standards: The budget can also assist in the development of performance standards. It establishes the financial objectives that a company intends to achieve and serves as a benchmark for evaluating performance.
Responsibility accounting: The budget may be used to carry out responsibility accounting, which is a tool for measuring the efficiency of different areas of the company. The budget may be used to calculate the profit and cost centers and make comparisons between them.
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Related Questions
Under the _____, ceos and cfos may be criminally prosecuted if they knowingly certify misleading financial statements.
Answers
Under the Sarbanes-Oxley Act (SOX), CEOs and CFOs may be criminally prosecuted if they knowingly certify misleading financial statements.
The Sarbanes-Oxley Act, enacted in 2002, was a response to accounting scandals such as Enron and WorldCom that shook investor confidence in financial markets. One of the key provisions of SOX is the requirement for CEOs and CFOs to personally certify the accuracy and reliability of financial statements submitted to the Securities and Exchange Commission (SEC). This certification holds executives accountable for the information provided to investors and the public. If CEOs and CFOs knowingly certify misleading financial statements, they can face criminal prosecution, including fines and imprisonment.
The intention behind this provision is to ensure corporate accountability and transparency in financial reporting. By holding top executives personally responsible for the accuracy of financial statements, SOX aims to deter fraudulent activities and promote investor confidence. This provision emphasizes the importance of ethical conduct, accurate financial reporting, and the disclosure of material information to stakeholders.
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Define the term "multiplier" and explain its importance inKeynesian economics.
Answers
In Keynesian economics, the multiplier is a concept that refers to the effect that a change in government spending or investment has on the overall level of economic activity.
Specifically, the multiplier refers to the amount by which GDP will increase or decrease as a result of a change in government spending or investment. The multiplier is important in Keynesian economics because it helps to explain the idea of fiscal stimulus. According to Keynesian theory, when the economy is in a recession or experiencing slow growth, the government can use fiscal policy to stimulate economic activity by increasing spending or investment. The multiplier helps to demonstrate how this stimulus can lead to a significant increase in GDP and employment.
The multiplier is also important because it highlights the role that government spending can play in stabilizing the economy during times of economic downturn. By increasing spending, the government can create jobs and increase demand, which in turn can lead to further economic growth. However, it is important to note that the size of the multiplier can vary depending on a variety of factors, including the state of the economy, the type of spending or investment, and other economic variables.
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which of the following should be pracited among all co workers in the workplace
a.bullying
b.discrimination
c.stereotyping
d.tolerance
Answers
Answer:
c
Explanation:
Answer:
D. Tolerance
Explanation:
Because what, you souldnt do any of the others, dude, teachers sometimes
Once a project is underway, the project manager usually is not responsible for effectively managing:A. the people.B. costs.C. resources.D. time.E. project priority.
Answers
Once a project is underway, the project manager usually is not responsible for effectively managing (E) project priority.
Once a project is underway, the project manager remains responsible for managing the people (A), costs (B), resources (C), and time (D) effectively.
However, the project priority (E) is typically determined by stakeholders or higher-level management, and the project manager is not directly responsible for managing it.
Instead, the project manager is responsible for executing the project according to the established priorities.
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The study of an individual financial statement item over several accounting periods is called a. Horizontal analysis. b. Vertical analysis. c. Ratio analysis. d. Time and motion analysis.
Answers
Answer: horizontal analysis
Explanation:
Marisol started a small business employing several social workers and nurses who visit and care for persons who have left hospital care but are not quite ready to be on their own at home. As the ceo of the firm, marisol decided it was time to hire a business operations manager and a marketing manager to handle the details of the business. What function of management was marisol primarily performing?.
Answers
The function of management that marisol primarily performing when started a small business employing several social workers and nurses who visit and care for persons is Organizing.
What is Organizing as function of management?Organizing, can be described as one of the important management function which is been engaged on by the manager after planning, and this encompass the process of assignment of tasks.
It should be noted that this process entails the act of grouping of tasks into departments and also attaching the necessary authority along with the adequate responsibility.
In this case it should be noted that function of management that marisol primarily performing when started a small business employing several social workers and nurses who visit and care for persons is Organizing to achieve common goals in the organization and this remain one of the crucial function in the organization for successful management.
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NOTE; The question is complete because there is no given option even on the internet.
on march 1, jones repair services received cash of $1,200 for service revenue earned. the journal entry to record this transaction would be:
Answers
Cash $1200 is credited against the $1200 service revenue debit. This journal entry reflects the rise in service revenue and cash as a consequence of Jones Repair Services being paid for the services they provided.
The following would be the journal entry to reflect the cash payment received by Jones Repair Services on March 1 for service revenue: Debit: $1,200 in cash
Credit: $1,200 in service revenue
This journal entry reflects the growth in the company's cash assets as well as the acknowledgment of service revenue. While the credit to service revenue indicates the acknowledgment of money generated, the debit to cash shows the company's rise in cash holdings. This transaction should be recorded since it demonstrates the cash inflow and the recognition of generated revenue, both of which are crucial for financial reporting and analysis.
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_____ are distribution channel members that buy finished products from manufacturers and sell them to retailers.
Answers
Wholesalers are distribution channel members that buy finished products from manufacturers and sell them to retailers.
Who is a manufacturer?A manufacturer is a company or entity that produces goods or products on a large scale. They are involved in the creation, production, and assembly of finished goods using raw materials, components, or parts.
Manufacturers can range from large industrial facilities that produce machinery and equipment to smaller-scale operations that produce consumer goods such as electronics, clothing, or food products.
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Zarine owns a law firm that caters specifically to up-and-coming female entrepreneurs. Intensive and on-time documentation are key requirements in Zarine’s firm. Over time, Zarine notices that her employees cannot create and maintain important documents efficiently. After further investigation, she realizes that some of the rented computers in her office are outdated, while some are infected with viruses and computer infections, causing a slowdown in the documentation process. Which step in the problem solving process has Zarine just completed?
A.
identifying a problem
B.
generating alternative solutions
C.
evaluating alternative solutions
D.
choosing a solution
E.
implementing a solution
random answers will be reported.
Answers
Answer:
e
Explanation:
Answer: A. Identifying a problem.
Explanation: Zarine has seen and made a list of things, or problems, that need to be solved. There are no solutions yet, so she's not doing anything with those.
Spartan Sportswear's current assets consist of cash, short-term investments, accounts receivable, and inventory. The following data were abstracted from a recent financial statement:
Inventory $ 210,000
Total assets $ 780,000
Current ratio 2. 90
Acid-test ratio 1. 50
Debt to equity ratio 1. 40
Required:
Compute the long-term liabilities for Spartan:
long term liabilities:
Answers
we don't have the total equity information provided in the question. Therefore, we cannot calculate the long-term liabilities without this information.
To compute the long-term liabilities for Spartan Sportswear, we need to use the given information and formulas.
First, let's calculate the total current assets by multiplying the current ratio by the total current liabilities.
Since the current ratio is 2.90, we can set up the equation as follows:
Current Assets = Current Ratio * Current Liabilities
To find the current liabilities, we need to compute the total current assets.
Since the current assets consist of cash, short-term investments, accounts receivable, and inventory, we can subtract the inventory from the total assets to get the current liabilities:
Current Liabilities = Total Assets - Inventory
Given that the inventory is $210,000 and the total assets are $780,000, we can substitute these values into the equation to find the current liabilities:
Current Liabilities = $780,000 - $210,000
Current Liabilities = $570,000
Now that we have the current liabilities, we can calculate the total current assets:
Current Assets = 2.90 * $570,000
Current Assets = $1,653,000
Next, we need to calculate the quick assets (also known as the acid-test ratio) using the formula:
Quick Assets = Current Assets - Inventory
Given that the quick assets ratio is 1.50, we can set up the equation and solve for quick assets:
Quick Assets = 1.50 * Inventory
Quick Assets = 1.50 * $210,000
Quick Assets = $315,000
Finally, we can calculate the long-term liabilities using the debt to equity ratio formula:
Debt to Equity Ratio = Total Liabilities / Total Equity
Since the debt to equity ratio is 1.40, we can rearrange the formula to solve for total liabilities:
Total Liabilities = Debt to Equity Ratio * Total Equity
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what are practical examples of business opportunities
Answers
PLEASE HELP MEEEE PLEASE!!!!!!!!!!!!!!!!!
Which of these describes an aspect of a product benefit?
Answer Choices:
A. Appeal to our senses
B. The advantages of product features
C. Relate to the quality of the merchandise
D. Physical in nature
Answers
Answer:
B or C, probably B
Explanation:
juanita, the department manager, realizes that kevin is missing from work and didn't call in sick. she assumes something beyond kevin's control must have happened. this belief is an example of
Answers
The department manager, Juanita, notices that Kevin is absent from work but did not report sick. This viewpoint is an illustration of biased perception.
Which stress is brought on by joyful occasions that provide positive feelings like pleasure, enthusiasm, and enjoyment?Stress can become harmful when we feel overburdened. That is why eustress is such a crucial component of our general health. According to Lee, "stress causes a feeling of excitement, fulfillment, significance, contentment, and well-being."
When we initially come into contact with a stressor, whose stress stage is activated?
The "flight - or - fight" response and the earliest signs of the body experiencing severe stress are referred to as the alarm reaction stage. The body starts to heal itself by reducing cortisol levels and returning the physiological reactions (such as arterial pressure) to normal that after initial panic of the stressful event.
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A cost that can be easily and conveniently traced to a specific cost object is a(n) Blank 1 of 2 cost of that cost object, whereas costs that cannot be easily and conveniently traced to that specific cost object are
Answers
Answer:
Direct; indirect cost.
Explanation:
A cost that can be easily and conveniently traced to a specific cost object is a direct cost of that cost object, whereas costs that cannot be easily and conveniently traced to that specific cost object are indirect cost.
In Financial accounting, direct cost can be defined as any expense which can easily be connected to a specific cost object such as a department, project or product. Some examples of direct costs are cost of raw materials, machineries or equipments.
On the other hand, any cost associated with the running, operations and maintenance of a company refers to indirect costs. Some examples of indirect costs are utility bill, office accessories, diesel etc.
when the marketing concept was adopted, marketing became the work of one department-- the marketing department true or false
Answers
Answer:
When the marketing concept was adopted, marketing became the work of
one department—the marketing department. A company that relies on
promotion with brochures, advertisements, and public service
announcements probably has not adopted the marketing concept.
If $28,000 is invested in an account for 10 yelars. Calculate the total interest earned at the end of 10 years if the interest is: (a) 8% simple interest: $ (b) 8% compounded annually: $ (c) 8% compounded quarterly: $ (d) 8% compounded monthly: $ Round your answers to the nearest cent.
Answers
(a) For simple interest, the formula to calculate the interest earned is given by: Interest = Principal × Rate × Time
In this case, the principal (P) is $28,000, the rate (R) is 8% (0.08 in decimal form), and the time (T) is 10 years. Plugging in the values into the formula:
Interest = $28,000 × 0.08 × 10 = $22,400
Therefore, the total interest earned at the end of 10 years with 8% simple interest is $22,400.
In simple interest, the interest is calculated only on the initial principal amount and does not compound over time.
Simple interest is a straightforward calculation where the interest is calculated based on the initial principal amount and remains constant throughout the investment period. In this case, with an 8% interest rate, the total interest earned after 10 years is $22,400. The simplicity of the formula makes it easy to calculate, but it does not take into account the compounding effect that can increase earnings over time.
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Which best describes which careers would work in offices? O Marketing Information Management and Research, Distribution and Logistics, and Marketing Communications and Promotion employees can work in offices. All Marketing, Sales, and Service employees can work in offices. All Marketing, Sales, and Service employees except those in Management and Entrepreneurship can work in offices. O Sales and Service employees work in offices, but Marketing employees do not. pls help me
Answers
Answer:
Marketing Information Management and Research, Distribution and Logistics, and Marketing Communications and Promotion employees can work in offices
Explanation:
I took this test before and this was the answer
Answer:
A
Explanation:
What are the two factors used to calculate productivity?
A. Goods produced and number of customers
B. Resources invested and goods lost
C. Goods produced and employees hired
D. Goods produced and resources invested
Answers
Goods produced and resources invested re the two factors used to calculate productivity.
How productivity is measured?Productivity is measured from different factors in the organization like the profit generate from the sales, number of customer increases, the amount of money invested in the company, the goods that are consumed of sell within span of time and others.
Thus, option D is correct.
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Answer:
Goods produced and resources invested
Explanation:
What is the probability that a hotel room costs $265 or more per night? (round your answer to four decimal places.)
Answers
The probability that a hotel room costs $265 or more per night is approximately 0.3000.
To find the probability that a hotel room costs $265 or more per night, we need to know the total number of hotel rooms and the number of rooms that cost $265 or more.
Let's assume that there are 500 hotel rooms in total, and out of these, 150 rooms cost $265 or more per night.
To find the probability, we divide the number of favorable outcomes (rooms that cost $265 or more) by the total number of outcomes (total number of hotel rooms).
Probability = Number of favorable outcomes / Total number of outcomes
Probability = 150 / 500
Simplifying, we get:
Probability = 0.3
To round the answer to four decimal places, we get:
Probability ≈ 0.3000
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_____ allows industries, organizations, and companies to approach business decisions from different perspectives. Arbitration Ergonomics Tolerance Workforce diversity
Answers
Answer:
Workforce diversity
Explanation:
Workforce diversity refers to similarities and differences between employers and employees in terms of their race, religion, gender, perspectives and opinions.
Diversity is important for every industry, organization, and company since people have different perspective and views, they approach business problems differently, leading to different solutions. Diversity leads to increase profits, creativity, wide range of skills e.t.c.
Find the future value of an annuity of $1700 paid at the end of each year for 10 years, if interest is earned at a rate of 7%, compounded annually.
Answers
The future value of the annuity is approximately $23,646.11.
To calculate the future value of an annuity, we can use the formula for the future value of a series of equal payments:
\(FV = P * [(1 + r)^n - 1] / r\)
Where:
FV = Future value of the annuity
P = Payment amount per period ($1700 in this case)
r = Interest rate per period (7% compounded annually)
n = Number of periods (10 years)
Plugging in the values into the formula, we get:
FV =\($1700 * [(1 + 0.07)^1^0 - 1] / 0.07\)
= $1700 * [1.967151 - 1] / 0.07
= $1700 * 0.967151 / 0.07
= $1643.157 / 0.07
= $23,646.11
Therefore, the future value of the annuity is approximately $23,646.11. This means that if you make annual payments of $1700 for 10 years with an interest rate of 7% compounded annually, the total amount accumulated at the end of the 10 years would be around $23,646.11. This calculation assumes that the payments are made at the end of each year and the interest is compounded annually.
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jim has created a search ad with a bid of $5. two other advertisers in an auction have bids of $2.50 and $2. how much would jim pay for the first spot in the auction?
Answers
Jim would bid £2.51, or $2.51, for the first auction spot. Bidders are aware of other bids in an open auction, like a livestock auction.
What exactly do auctions mean?A sale in which bidders compete for an asset is known as an auction. Bidders are unaware of competing bids in a closed auction, such as a company sale. Bidders are aware of other bids in an open auction, like a livestock auction.
All bidders are aware of the offers made in an open format. Live auctions can take place or they can be held online. In an open auction, the asset or service in question is sold to whoever makes the highest bid, and in a closed auction, typically to the highest bidder.
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as home prices have fallen in recent years, the rent ratio:_____.
Answers
As home prices have fallen in recent years, the rent ratio, which compares home prices to rental rates, may have become more favorable, potentially indicating a better value proposition for renting versus buying a home.
As home prices decrease, the rent ratio, also known as the price-to-rent ratio, may experience a shift in favor of renting. The rent ratio is a metric that compares the cost of owning a home to the cost of renting a similar property. A decline in home prices can make purchasing a home relatively less expensive compared to renting. This can be attributed to the fact that rental rates tend to adjust more quickly to market conditions than home prices. As a result, the rent ratio decreases, implying that renting becomes a more attractive option financially. Lower home prices may present opportunities for individuals to weigh the advantages and disadvantages of renting versus buying a home, considering factors such as financial stability, flexibility, and personal preferences.
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Which of the following statements about investing is TRUE?
1. Investing is a guaranteed way to make money.
2. Investing is best for short-term financial goals.
3. Investing is riskier than putting money in a savings accounts.
4. On average, putting money in a savings account earns a higher return than investing money in the stock market.
Answers
Answer:
3. Investing is riskier than putting money in a savings accounts.
Explanation:
Investing involves putting money in profits generating ventures. It is risky because the money invested may be lost should the venture make losses instead of profits. Investments activities include buying of shares and other marketable securities or starting and operating a business. Should the business or investment do well, the returns or profits can be attractive.
Saving is putting money aside for future consumption. Saving may be done through savings accounts that as safe and secure. Money saved is risk-free. The possibility of losing it is very minimal. Because money saved is kept safe, it does not generate much income for the owner.
Any recommendations of how to convince my parents to get me a dog?
Answers
Answer:
ok so u have to get a pet rock first u name it u take it out to go to the bathroom and everything u would do with a dog and it shows your parents you're ready for one u have to show them that u know how to take care of one first
Explanation:plz mark me branlyiest this worked for me so yea hope it helped
Name three variables that Chen, Roll, and Ross used to measure the impact ofmacroeconomic factors on security returns. Briefly explain the reasoning behind their model
Answers
Chen, Roll, and Ross used three variables to measure the impact of macroeconomic factors on security returns: unexpected changes in inflation, unexpected changes in industrial production, and unexpected changes in risk premium.
The reasoning behind their model was to examine how macroeconomic factors can affect stock returns. Unexpected changes in inflation and industrial production are important variables as they can affect a company's revenue, costs, and profitability.
Unexpected changes in the risk premium are also important as they reflect investors' perception of the risk associated with an investment. A higher risk premium can lead to lower stock prices and lower returns. The study found that unexpected changes in inflation and industrial production had a significant impact on stock returns, whereas unexpected changes in the risk premium did not. Overall, their model provides valuable insights into the relationship between macroeconomic factors and stock returns, and can be used by investors to make informed decisions about their investment portfolios.
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Use the following information to answer the question. There are three firms in an economy: X, Y, and Z. Firm X buys $200 worth of goods from Y, and $300 worth of goods from firm Z, and produces 250 units of output at $4 per unit. Firm Y buys $150 worth of goods from firm X, and $250 worth of goods from firm Z, and produces 300 units of output at $6 per unit. Firm Z buys $75 worth of goods from firm X, and $50 worth of goods from firm Y, and produces 500 units at $2 per unit. Given this information, what is the economy’s GDP?
Answers
Answer:
$2,775
Explanation:
The computation of the GDP of the economy is given below:
But before that the total value sold by three firms would be determined
Total amount of goods sold by X:
= X sells to Y + X sells to Z
= $150 + $75
= $225
Total amount of goods sold by Y:
= Y sells to X + Y sells to Z
= $200 + $50
= $250
Total amount of goods sold by Z:
= Z sells to X + Z sells to Y
= $300 + $250
= $550
Now
Amount of goods generated by X
= units of output × cost per unit
= 250 units × $4
= $1,000
Value of goods generated by Y
= units of output × cost per unit
= 300 units × $6
= $1,800
Value of goods generated by Z
= units of output × cost per unit
= 500 units × $2
= $1,000
Now GDP is
= [Goods generated by X - Valued added by X] + [Goods generated by Y - Value added by Y] + [Goods generated by Z - Value added by Z]
= [$1,000 - $225] + [$1,800 - $250] + [$1,000 - $550]
= $775 + $1,550 + $450
= $2,775
deep earth extraction inc. operates a facility near estuary bay. discharging waste from the facility into the bay can result in
a. penalties and damages
b. penalties only.
c. damages only.
d. none of the choices.
Answers
Deep earth extraction inc. operates a facility near estuary bay. Discharging waste from the facility into the bay can result in penalties and damages. The correct answer is a.
The United States Environmental Protection Agency (EPA) in its attempt to protect the United States water and its biodiversity from chemical and biological pollutants passed a Clean Water Act that strictly prohibits the discharging of toxic pollutants and waste into the United States water. The waste water from the facility must first be treated and the maximum allowable toxic dump is highly regulated to minimize the damages caused by the toxic pollutants. Any violation to the Clean Water Act shall carry penalties of maximum fine of US$ 250,000 and imprisonment.
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When marginal costs are below average total costs, _______________.a. avarage fixed costs are risingb. avarage total costs are fallingc. avarage total costs are risingd. avarage total costs are minimized
Answers
Average total costs decrease when marginal costs are lower than average total costs. In this case, the average cost of all units produced up to that point is less than the cost of producing each additional unit.
When marginal costs are lower than average total costs, what happens?Average total cost will be lowering when marginal cost is lower than average total cost, and rising when marginal cost is higher than average total cost. When the marginal cost is lower than the average cost, a firm is most productively effective at the lowest average total cost.
When the marginal cost is less than average cost ?average cost lowers with an increase in output. Thus, so long as the MC curve is lower than the ATC curve, the ATC curve will slope downwards.
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How do you feel about the pandemic? Vaccinations? Masks?
Answers
Answer: Pandemic: awful. Vaccine: useful; get it. Masks: not really required, your still breathing your air, just through tiny gaps in fabric.
Explanation:
just my opinion.