What are the advantages of budgeting?
Question:
What are the advantages of budgeting?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 68% (19 reviews)
The primary advantages associated with budgeting are as follows Planning formalizes managements p...View the full answer
Answered By
Sanyam Arora
I am a financial analyst with one year of experience along with 5 year of part time work experience along with my studies with ICME - one of the most premier tutoring platform in Punjab.
I am a distinction holder in 10th 12th and graduation plus I am also the founder of Craked- the consulting club during my graduation which is one of its own kind since there is no consultant club in any college at graduation level .
I am also a sports enthusiast who believe in physical fitness is necessary along with mental fitness.
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Managerial Accounting questions
-
What are the advantages and disadvantages of participative budgeting compared to top-down budgeting?
-
What are the advantages of a ratio scale over an interval scale? Are these advantages significant?
-
What are the advantages of purchasing inventory in large quantities? What are the advantages of purchasing it in small quantities?
-
Various statistical software packages tend to provide different measures of association. Use statistical software to calculate the Goodman-Kruskal gamma, Somers D, or Kendalls tau-a for the space...
-
Compaq Computer Corp. made a name for itself in the early 1980s by becoming the first computer company to manufacture and market IBM "clones". Observers point to Compaq's ability to bring out...
-
Determine whether each infinite geometric series converges or diverges. If it converges, find its sum. 2 + 1 + 4
-
Repeat the calculations of Example 9.5, but for a total solution normality of 0.5. Data From Example 9.5:- For the Cu 2+ /Na + exchange with a strong-acid resin, show how the fraction CuR2 in the...
-
Chapman Construction Company is a building contractor specializing in small commercial buildings. The company has the opportunity to accept one of two jobs; it cannot accept both because they must be...
-
Mr. Smith, a high school teacher in Gander, decided to quit his current job and opened a private tutorial firm. He gave up his $38,940 a year job as a teacher. He used $27,500 of his savings that...
-
1 . A sample of 200 students at a Big-Ten university was taken after the midterm to ask them whether they went bar hopping the weekend before the midterm or spent the weekend studying and whether...
-
What is the advantage of using a perpetual budget instead of the traditional annual budget?
-
How may budgets be used as a measure of performance?
-
What job characteristics would lead you to schedule jobs according to "longest processing time first"?
-
In a call center customers complain that they have to wait too long before an employee answers their call. A Lean Six Sigma project is initiated to reduce these complains. What is an appropriate CTQ...
-
Objects 1 and 2 attract each other with a gravitational force of 37 units. If the mass of object 1 is doubled and the mass of object 2 is tripled, then the new gravitational force will be_units.
-
1. The decision(s) of the lower court(s). 2. Who appealed and why? Here is the website for the case: https://www.scc-csc.ca/case-dossier/cb/37441-eng.aspx
-
What are the structural differences between cellulose and chitin, and starch and glycogen?
-
Ergonomics Inc. sells ergonomically designed office chairs. The company has the following information: Average demand = 31 units per day Average lead time = 45 days Item unit cost = $65 for orders of...
-
The median age for people in the study is 10.82 years. What proportion of those older than 10.82 years have asthma? What proportion of those 10.82 years or younger have asthma? Do these proportions...
-
Gordon and Lisa estimate that they will need $1,875,000 in 40 years for their retirement years. If they can earn 8 percent annually on their funds, how much do they need to save annually?
-
My job requires that I lie every day I go to work. I work for a private investigation agency called XRT. Most of the work I do involves undercover operations, mobile surveillances, and groundwork...
-
Organic Health Care Products Inc. expects to maintain the same inventories at the end of 2012 as at the beginning of the year. The total of all production costs for the year is therefore assumed to...
-
Phil Fritz is a financial consultant to Magna Properties Inc., a real estate syndicate. Magna Properties Inc. finances and develops commercial real estate (office buildings). The completed projects...
-
Phil Fritz is a financial consultant to Magna Properties Inc., a real estate syndicate. Magna Properties Inc. finances and develops commercial real estate (office buildings). The completed projects...
-
In what ways do emerging technologies, such as blockchain or AI-driven analytics, offer novel solutions for enhancing accountability mechanisms within complex systems, and what are the associated...
-
In this project you will apply some of the principles of system design and implementation to develop a useful cash flow statement template using an electronic spreadsheet. You must prepare a...
-
43. Find the capacity, address, and data pins for the following memory organiza- tions. (a) 16K x 8 ROM (c) 64K x 8 SRAM (e) 64K x 8 ROM (g) 1Mx 8 SRAM (b) 32K x 8 ROM (d) 256K x 8 EEPROM (f) 64K x 4...
Study smarter with the SolutionInn App