The manager of a medium-sized business was heard to remark: My business is one which involves too
Question:
The manager of a medium-sized business was heard to remark: ‘My business is one which involves too many uncertainties for a budget to be of any use to me.’ Is the stance taken by the manager reasonable? Discuss.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (8 reviews)
It can be argued that in a business involving many uncertainties a budget would be very useful rathe...View the full answer
Answered By
Utsab mitra
I have the expertise to deliver these subjects to college and higher-level students. The services would involve only solving assignments, homework help, and others.
I have experience in delivering these subjects for the last 6 years on a freelancing basis in different companies around the globe. I am CMA certified and CGMA UK. I have professional experience of 18 years in the industry involved in the manufacturing company and IT implementation experience of over 12 years.
I have delivered this help to students effortlessly, which is essential to give the students a good grade in their studies.
3.50+
2+ Reviews
10+ Question Solved
Related Book For
Accounting
ISBN: 978-1118608227
9th edition
Authors: Lew Edwards, John Medlin, Keryn Chalmers, Andreas Hellmann, Claire Beattie, Jodie Maxfield, John Hoggett
Question Posted:
Students also viewed these Business questions
-
A manager of a medium- sized, private company recently complained to you as follows: Im very confused! I thought that all companies had to comply with IFRS starting in 2011. Now, after all our work...
-
As the manager of a medium-sized hedge fund, the recent fluctuations in the capital markets have attracted your attention. In particular, the prices of stocks and bonds have now dropped to what you...
-
You are the manager of a medium-sized law firm. The managing partner has asked for a report on the state of the departments in the firm. You run the departmental management report shown in Exhibit...
-
A double-ended queue or deque (pronounced "deck") is a collection that is a combination of a stack and a queue. Write a class Deque that uses a linked list to implement the following API: public...
-
(+)-Mandelic acid has a specific rotation of +158. What would be the observed specific rotation of each of the following mixtures9 a. 25% (-)-mandelic acid and 75% (+)-mandelic acid b. 50%...
-
If |G| = p n q, with p > q primes, then G contains a unique normal subgroup of index q.
-
What is the purpose of practice aids in forensic and valuation services?
-
Lopez Corporation incurred the following costs while manufacturing its product. Work in process inventory was $12,000 at January 1 and $15,500 at December 31. Finished goods inventory was $60,000 at...
-
6. (a) Given == 2-23i.Find |=| and arg (=*). Hence, solve z=2-23i leave your answers in polar form. (b) Given that z = 1 + i is a root of the polynomial equation z4-4z3 +11z2 - 14z + 10 = 0. Find the...
-
Mark Bradshaw, an agent for National Foundation Life Insurance Co. (NFLIC), tried to sell a health insurance policy to Bobby Reed. Bradshaw told Reed that his health insurance coverage would begin...
-
The cornerstone of any budgetary system is the sales or income forecast. The level of sales is extremely difficult to forecast with any degree of accuracy, and in that case it could be argued that...
-
Because master budgets for service organisations are more straightforward than those for manufacturing entities, it is not as important to budget for service organisations. Discuss.
-
Magna Corporation has the following securities outstanding: 1,000,000 shares of common stock, 200,000 shares of $2.50 (annual dividend) preferred stock, and $10,000,000 of 15 percent bonds. Calculate...
-
A denote the event of placing a $1 straight bet on the Florida Play 4 lottery and winning. The chance of event A occurring is 1 in 10,000. What is the value of P(A)? What is the value of P(A)?
-
Exactly 380 girls. Assume that 400 births are randomly selected. Use subjective judgment to determine whether the given outcome is unlikely, and also determine whether it is unusual in the sense that...
-
Exactly 205 girls. Assume that 400 births are randomly selected. Use subjective judgment to determine whether the given outcome is unlikely, and also determine whether it is unusual in the sense that...
-
Exactly 111 girls. Assume that 400 births are randomly selected. Use subjective judgment to determine whether the given outcome is unlikely, and also determine whether it is unusual in the sense that...
-
It is impossible to pass a statistics test without studying. Express the indicated degree of likelihood as a probability value between 0 and 1.
-
Paterson Company,* a U.S.-based company, manufactures and sells electronic components worldwide. Virtually all its manufacturing takes place in the United States. The company has marketing divisions...
-
Cleaning Service Company's Trial Balance on December 31, 2020 is as follows: Account name Debit Credit Cash 700 Supplies Pre-paid insurance Pre-paid office rent Equipment Accumulated depreciation -...
-
(Multiple-step and Single-step) Two accountants for the firm of Elwes and Wright are arguing about the merits of presenting an income statement in a multiple-step versus a single-step format. The...
-
(Multiple-step and Extraordinary Items) The following balances were taken from the books of Maria Conchita Alonzo Corp. on December 31, 2004. Interest revenue $ 86,000 Accumulated depreciation...
-
(Multiple-step and Single-step) The accountant of Whitney Houston Shoe Co. has compiled the following information from the companys records as a basis for an income statement for the year ended...
-
Give a brief description of a product launch for any business firm/organization that you want to open or would want to work with in future. Provide at least two appropriate 'Call to Actions' for the...
-
Briefly explain the organizational pattern of a 'Feature Article'? Why is 'tension' so important in a Feature article?
-
Cemex has an enviable past, a struggling present and an uncertain future. The company boasts of a century-old history and has weathered many a storm in an unfriendly Mexican business environment....
Study smarter with the SolutionInn App