Question: Why are budgets useful in the planning process? O They guarantee the company will be profitable if it meets its objectives. O They help

Why are budgets useful in the planning process? O They guarantee the company will be profitable if it meets

Why are budgets useful in the planning process? O They guarantee the company will be profitable if it meets its objectives. O They help communicate goals and provide a basis for evaluation. O They provide management with information about the company's past performance. They enable the budget committee to earn their paycheck.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

The detailed answer for the above question is provided below The correct answer to the question is T... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Describe the improvement and what difference it will make to the change process. (5) (ii) Analyse the improvement against EACH stage of the Kubler-Ross Curve to show how the proposed improvement...

Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...

Write a project management plan. we have a template and project description. we need to edit the template(table of contents) with our own ideas. CPSC 8820-01 Project Management Plan Your Unique...

Which of the following steps in the management decision-making process does not generally involve the managerial accountant? Determine possible courses of action Make the appropriate decision based...

The following information is available for Mathews Company: Sales $550,000 Total fixed expenses $150,000 Cost of goods sold 39,000 Total Variable expenses 160,000 A CVP income statement would report...

8. Contribution margin A) is always the same as gro B) excludes variable selling costs ss profit margin from its lculation. is calculated by subtracting total manufacturing costs per unit from sales...

Which answers would you put no explanation necessary? Why are budgets useful in the planning process? They guarantee the company will be profitable if it meets its objectives. They help communicate...

Why are budgets useful in the planning process? 0 They enable the budget committee to evaluate the performance of employees. 0 They provide management with information about the company's past...

can you solve all the quistions 1 Why are budgets useful in the planning process? They provide management with information about the company's past performance b. They help communicate goals and...

Why are budgets useful in the planning process? . They provide management with information about the company They help communicate goals and provide a basis for evaluatio They guarantee the company...

Imagine that youve been hired by Fitbit, the wearable activity tracker, to conduct focus groups on your campus to get a better sense of how Fitbit can be as relevant and useful to college students as...

Show how you would use a simple chemical test to distinguish between the following pairs of compounds. Tell what you would observe with each compound. (a) Isopropyl alcohol and tert-butyl alcohol (b)...

The break-even time (BET) method is a variation of the: 01n Internal rate of return method. O Present value method O Net present value method. O Payback method. O Accounting rate of return method

During a recent period, the fast-food chain Wendy's International purchased many treasury shares. This caused the number of shares outstanding to fall from 124 million to 105 million. The following...

Elliot sells some stock to his sister, Nancy, for $4,000. His basis in the stock is $6,000. Several years later, Nancy sells the stock for $7,000. What is the effect of the sales on Elliot and Nancy?...

Rick, a single taxpayer, owns 30,000 shares of qualifying small business stock that he had purchased for $300,000. During the current year, he sells 10,000 of the shares for $25,000. What are the tax...

What advantage does the fixed charge coverage ratio offer over simply using times interest earned?

If the accounts receivable turnover ratio is decreasing, what will be happening to the average collection period?

1.Highlight and discuss at least three economic consequences stemming out of the ethical violations at Uber studied with a minimum of one tangible example in each case from the real world of Business...

You are the assistant to the information security director. Your director is interested in hiring a new group of IT staff professionals. Required a. Write a report to your director explaining the...

Distinguish between IPO and HIPO charts.

Tom Hinkerton of Miami, Florida, has decided to set up a high- tech street- corner lemonade stand. He wants to use a notebook computer to record all sales in real time, and he also wants to track his...

Drugs such as Xanax and Ativan, which depress central nervous system activity, can become addictive when used as ongoing treatment. These drugs are referred to as _______ drugs.

If a study revealed that tall people were less intelligent than short people, this would suggest that the correlation between height and intelligence is _______ (positive/negative).

Some antipsychotic drugs, used to calm people with schizophrenia, can have unpleasant side effects, including hyperactivity. convulsions and momentary memory loss. sluggishness, tremors, and...