Why does the use of budgets in the management process reinforce the concepts of comparability and understandability
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 63% (19 reviews)
Budgeting is not only an essential part of planning it also ...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Principles of Accounting
ISBN: 978-1133626985
12th edition
Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson
Question Posted:
Students also viewed these Managerial Accounting questions
-
Why does process costing in the management process reinforce the concepts of cost recognition and cost measurement to produce business results?
-
Why does CVP analysis in the management process reinforce the concepts of comparability and understandability to better business profitability?
-
Why do value-based systems in the management process reinforce the concepts of relevance and reliability to lead to better business operations?
-
When the wavelength of radiation falling on a metal is changed from 500 nm to 200 nm, the maximum kinetic energy of the photoelectrons becomes three times larger. The work function of the metal is...
-
Refer to Exercise 5.66. Twenty people are asked to select a number from 0 to 9. Eight of them choose a 4, 5, or 6. a. If the choice of any one number is as likely as any other, what is the...
-
Each unit in Problem 12.5 is initially operating at one-half its own rating when the frequency increases by 0.005 per unit. Determine the MW decrease of each unit. The reference power setting of each...
-
The magnetic field magnitude is \(4.0 \mathrm{mT}\) at a position \(6.2 \mathrm{~mm}\) radially away from a long current-carrying wire. Calculate \((a)\) the current in the wire and \((b)\) the...
-
Lena Holden began a professional practice on June 1 and plans to prepare financial statements at the end of each month. During June, Holden (the owner) completed these transactions: a. Owner invested...
-
6. For the given first order reaction 7. AB The half life of the reaction is 0.3010 min. The ration of the initial concentration of reactant to the concentration of reactant at time 2.0 min will be...
-
A ride hailing company has their DB structured in 3 major tables as described in the SCHEMA section below. Write a query to fetch the top 100 users who traveled the most distance using the service....
-
How are understandability and comparability enhanced when knowing who is responsible for the budgeting process?
-
Budgeting is not only an essential part of planning; but it also helps managers command, control, evaluate, and report on operations. Why are the concepts of understand ability and comparability...
-
A heavy crate accidentally falls from a high-flying airplane just as it flies directly above a shiny red Porsche smartly parked in a car lot. Relative to the Porsche, where will the crate crash?
-
A project requires a $135,000 investment. The project returns $55,000 in the first year and $85,000 in year two. Assume there is a 10% discount rate.
-
Is there is a need for them as hedging vehicles in corporate finance? If so, how would you incorporate derivatives in your investment program?
-
Construct a table of the NPV of the retirement payments with varying discount rates on one axis (0%-12%) and varying age at death on the other (55-100 years old).
-
Describe the motivation, industry relevance, objectives, and work plan for the project focused on Metabolic Engineering of Saccharomyces cerevisiae for efficient hydrolysis of cellulose.
-
Question: Describe the financial issues (either micro or macro) involved with individuals taking money from their parents (or anyone). Would you suggest taking the money or not?
-
Go on the World Bank website (http://databank.worldbank.org/) and find data per country on Internet users per 100 inhabitants between 2005 and 2009. Find the countries in Latin America, Asia, and...
-
What is an access control list?
-
Rework Example 13.4 with \(\mathrm{Z}_{\mathrm{R}}=5 \mathrm{Z}_{c}\) and \(\mathrm{Z}_{\mathrm{G}}=\mathrm{Z}_{c} / 3\). Example 13.4 At the receiving end, \(\mathrm{Z}_{\mathrm{R}}=\mathrm{Z}_{c} /...
-
Montello Inc. purchases a delivery truck for $25,000. The truck has a salvage value of $6,000 and is expected to be driven for 125,000 miles. Montello uses the units-of production depreciation...
-
Referring to PA7 where Kenzie Company purchased a 3-D printer for $450,000, consider how the purchase of the printer impacts not only depreciation expense each year but also the assets book value....
-
Referring to PA7 where Kenzie Company purchased a 3-D printer for $450,000, consider how the purchase of the printer impacts not only depreciation expense each year but also the assets book value....
-
A bank can either invest money for three months at 4.00% or for nine months at 4.50%. Ignoring actual/360 day count adjustments for the purpose of this question, the three against nine FRA quote the...
-
Shuggy Otis, an executive at Slapfish Corp. (SC) intends to retire in 11 years. SC just announced that it will start depositing $500.00 at the end of each quarter into each of its workers' retirement...
-
On January 1, the Hanover Beverage Company replaced the palletizing machine on one of its juice lines. The cost of the machine was $195,000. The machine's expected life is five years or 480,000...
Study smarter with the SolutionInn App