Which type of budget is always of a limited time duration; such as a day, a week,

Question:

Which type of budget is always of a limited time duration; such as a day, a week, or a month?

a. Achievement

b. Long-range

c. Cash

d. Perpetual

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Managerial Accounting for the Hospitality Industry

ISBN: 978-1119386223

2nd edition

Authors: Lea R. Dopson, David K. Hayes

See More Books

Question Posted: Apr 30, 2018 01:22 AM

See More Questions

Which type of budget estimates balance sheet results? a. Capital b. Cash c. Operations d. Achievement
Which type of budget would provide management with the LEAST amount of detail? a. Long-range budget b. Annual c. Achievement d. Cash
Overview River Beverages is a food and soft drink company with worldwide operations. The company is organized into five regional divisions with each vice president reporting directly to the CEO,...
On December 1, 2018, BEEN RICHARDS Company entered into two independent forward contracts to sell US$1,200 in 90 days or on March 1, 2019. The exchange rates available on various dates are as...
In March, the two production departments had budgeted allocation bases of 4,000 machine-hours in Department 100 and 8,000 direct manufacturing labor-hours in Department 200. The budgeted...
How much must you invest exactly 5 years from now to have $500,000 in todays buying power 20 years from now? You can invest your money at 10 percent per year, and inflation runs 4 percent.
What is the major difference between a sample and a census?
A piece of equipment that cost $32,400 and on which $18,000 of accumulated depreciation had been recorded was disposed of on January 2, the first day of business of the current year. For each of the...
What is Capital Structure and how important it is? What is the basic goal of financial management with regard to capital structure? How is the cost of capital related to capital structure? Question...
The evaluation of the pow(a, b, c) function is: a) (a**b)**c b) (a**b) % c c) Error, pow() takes only 2 arguments d) (a**b) and c is ignored.
Rather than preparing an annual budget, a manager prepares 28-day budgets. How many such budgets will the manager produce for a single years operations? a. 13 b. 26 c. 12 d. 24
When preparing an operations budget, what is true about historical operating data? a. It should be considered in conjunction with recent operating data. b .It is less important than recent operating...
Pond Corporation holds 75 percent of the voting shares of Spring Services Company. During 20X7, Pond sold inventory costing $60,000 to Spring Services for $90,000, and Spring Services resold...
Intangible Assets are not always Fictitious Assets. Illustrate.
What do you mean by fictitious assets? Give example.
State the provisions of the Companies Act, 1956 regarding declaration and payment of interim dividend. What would be the duty of an auditor in connection with such a dividend?
What is interim dividend? When the question of interim dividend arises?
5 How are the first auditors of a limited company appointed?
A boy of mass m boy stands at the edge of a merry-go-round of radius R = 3.5 m and mass m mgr , and both are initially at rest. The boy then walks along the edge of the merry-go-round. After walking...
Making use of the tables of atomic masses, find the velocity with which the products of the reaction B10 (n, ) Li7 come apart; the reaction proceeds via interaction of very slow neutrons with...
Using the data for Weill Inc. in Exercise 19-17, (a) determine the maximum possible operating loss, (b) compute the maximum possible income from operations, (c) construct a profit-volume chart, and...
Olympic Clothing Co. manufactures a variety of clothing types for distribution to several major retail chains. The following costs are incurred in the production and sale of blue jeans: a. Consulting...
For the coming year, Sorkin Company anticipates a unit selling price of $80, a unit variable cost of $40, and fixed costs of $400,000. 1. Compute the anticipated break-even sales (units). 2. Compute...
Fung is planning for the correct after tax and after inflation real rate of return to use. If inflation will be 1.3%, the average rate of return on his investments will be 4.9%, and the tax rate on...
In a three - level marketing channel, how many entities ( organization / individual ) are connected?
Find the future value and interest earned if $8904.56 is invested for 7 years at 5% compounded (a) semiannually and (b) continuously. (a) The future value when interest is compounded semiannually is...

Which type of budget is always of a limited time duration; such as a day, a week,

Question:

Step by Step Answer:

Managerial Accounting for the Hospitality Industry

Students also viewed these Business questions