Name five characteristics of an annual operating budget.
Question:
Name five characteristics of an annual operating budget.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 70% (17 reviews)
It is a plan for the next fiscal year therefore it is the plan for future operations It is for ...View the full answer
Answered By
Munir Ahmed Jakhro
I am professional Tutor of of Business Courses, I did my four years Bachelor Degree from one of the Top Business schools of World "Institute of Business Administration" in year 2013. Since then I have been working as Tutor of Accounting, Finance tutor on different online platforms like this website. I am have experience of 6 years teaching business courses to students online and offline my professional job at national savings also helped me in accounting understanding .
4.90+
8+ Reviews
10+ Question Solved
Related Book For
Accounting and Financial Analysis in the Hospitality Industry
ISBN: 978-0132458665
1st edition
Authors: Johnathan Hales
Question Posted:
Students also viewed these Business questions
-
Name five characteristics of successful teams.
-
Name five characteristics of goodwill messages.
-
Name five characteristics of a capital expenditure budget.
-
Four different processes for baking Oreo cookies are considered for the 2008 season. The cookies produced by each process are evaluated in terms of their overall quality. Since the cookies sometimes...
-
Vista Company manufactures electronic equipment. In 2015 it purchased from an outside supplier the special switches used in each of its products. The supplier charged Vista $2 per switch. As an...
-
A man has been referred by his family physician for help. The man seems extremely inebriated. His wife brings him in and says she is worried that he may go into delirium tremens if he withdraws from...
-
Summarize the major characteristics of foraging.
-
In 1971, Harry Gordon turned over $40,000 to his son, Murray Gordon. Murray opened two $20,000 custodial bank accounts under the Uniform Gifts to Minors Act for his minor children, Eden and...
-
An AM station broadcasts rock music at 8.10 x 102 on your radio dial. Units for AM frequencies are given in kilohertz (kHz). Find the wavelength of the station's radio waves in meters (m), nanometers...
-
Apply the classification algorithm to the following set of data records. The class attribute is Repeat Customer. RID Age City Gender Education Repeat Customer 101 20..30 NY F 102 20.30 SF 103 31.40...
-
Why is the annual operating budget one of the most important financial reports a hospitality manager should know, understand and use?
-
Why is a capital expenditure budget important, and how do hospitality managers use it in operating their departments?
-
A piece of property is purchased for $10,000 and yields a $1000 yearly net profit. The property is sold after 5 years. What is its minimum price to breakeven with interest at 10%?
-
Recall the graph that shows the value of a call option at expiration over different values of the underlying stock. What do the x-axis and the y-axis represent? Multiple choice question. The x-axis...
-
Analysis of Compass Minerals financial performance in terms of profit margins and capital efficiency from 2022 to the end of 2023.
-
Is it a good idea to invest in low volatility strategies? If so, is a 130/30 structure a good way of doing it? What kind of tracking error is the 130/30 strategy likely to incur?
-
Given that VF's factories require an average investment of $12.5 million, and assuming that (i) raw materials need to be financed for the period of the lead time and (ii) each supplier makes 5...
-
Unit theoretical questions to understand: 1. What is a budget? What is its purpose? 2. What are the differences between a budget and a business plan? 3. What is a Budget Income Statement? How is...
-
On October 1, 2017, Cruz purchased an annuity for $90,000 in post-tax dollars, effective immediately, that pays Cruz $500 a month until death. At the date of purchase, Cruzs official life expectancy...
-
Stephen Schor, an accountant in New York City, advised his client, Andre Romanelli, Inc., to open an account at J. P. Morgan Chase Bank, N.A., to obtain a favorable interest rate on a line of credit....
-
Explain why individual brands may not follow the product life-cycle pattern. Give an example of a new brand that is not entering the life cycle at the market introduction stage.
-
Discuss the life cycle of a product in terms of its probable impact on a manufacturers marketing mix. Illustrate using personal computers.
-
What characteristics of a new product will help it to move through the early stages of the product life cycle more quickly? Briefly discuss each characteristic illustrating with a product of your...
-
1- The binomial distribution N! B(M) = (N-M)!M! describes the probability of placing M identical particles into N equivalent physical sites, with a limit of one particle/site if the probability of a...
-
Margo, a calendar year taxpayer, paid $1,580,000 for new machinery (seven-year recovery property) placed in service on August 1, 2023. Required: a. Assuming that the machinery was the only tangible...
-
CASA (Australia's Civil Aviation Safety Authority) and I CAO SMS (Safety Management Systems) and the alphanumeric risk categorization system for an aviation risk register. *** What I need help with...
Study smarter with the SolutionInn App