a. What is a budget? b. How does a budget contribute to good management?

Question:

a. What is a budget?

b. How does a budget contribute to good management?

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

Step by Step Answer:

Related Book For answer-question

Survey Of Accounting

ISBN: 9781119594536

2nd Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt

See More Books

Question Posted: Dec 17, 2020 12:24 AM

See More Questions

How does machine design contribute to either increasing or alleviating the maintenance problem?
How does public relations contribute to the global operations of large companies?
How does administrative responsibility contribute to the attainment of public interest?
WSU Small Business Booster Every year, Robin identifies a small business to invest her money in because she wants to support companies that WSU students have started. Robin named the program WSU...
The closed-loop transfer function of a sampled data system is given by (a) Compute the unit step response of the system using the step function, (b) Determine the continuous- time transfer function...
The Classic Theater is owned by Kim Lockerby. All facilities were completed on March 31. At this time, the ledger showed: No. 101 Cash $4,000, No. 140 Land $10,000, No. 145 Buildings (concession...
Match the measures of worth in the first column with one (or more) of the analysis approaches that is (are) appropriate for that measure. Measure of Worth (a) Annual Worth (b) External Rate of Return...
Swartz Publishing identified the following overhead activities, their respective costs, and their cost drivers to produce the three types of textbooks the company publishes. Deluxe textbooks are made...
A square insulating plate, 2 meters by 2 meters, lies flat on the floor. A total charge Q = 8 10-8 C is distributed uniformly on the sheet. A pith ball (a small non-conducting ball made of a light...
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....
Pargo Company is preparing its master budget for 2022. Relevant data pertaining to its sales, production, and direct materials budgets are as follows. Sales. Sales for the year are expected to total...
The following costs relate to a variety of different decision situations. Instructions For each cost listed above, indicate if it is relevant or not to the related decision. For those costs...
From greatest to least, rank the frequency of radiation of these emitters of radiant energy: (a) Red-hot star. (b) Blue-hot star. (c) Sun.
Suppose you are an investor that you will purchase (sell) X contracts SF302 G (MT30 February 2022) with the open price of 13/02/2022. Each contract is for the delivery of 100 MT30 units. The initial...
Question Content Area Diamond Inc.'s sales is $520,000, its operating income is $84,000, average total assets are $480,000, and average shareholders' equity is $200,000. Determine the company's...
Jesse art gallery sells pictures for 50 each Jesse pays 20 for the print and frame and pays the sales clerk 20% of the sale price as a commission. Jesse has 7000 of monthly fixed costs as well. How...
A, B, C, and D formed a general partnership. Their written partnership agreement provides that profits and losses are shared as follows: A 40%; B 30%; C 20%; and D 10%. Their capital account balances...
A gifts $100,000 to a trust for the benefit of A's grandchild. GC. GC has the right to withdraw up to $17,000 from the trust each year and A makes no other gifts to GC during the year. The trust has...
A new drug is being compared with a standard drug for treating a particular illness. In the clinical trials, a group of 200 patients was randomly split into two groups, with one group being given the...
What is the difference between the straight-line method of depreciation and the written down value method? Which method is more appropriate for reporting earnings?
The following selected account balances relate to the plant asset accounts of Karas Inc. at year-end. Additional information:1. Karas purchased $85,000 of equipment and $30,000 of land for cash in...
The income statement of Hauser Company is presented on the shown below.? Additional information: 1. Accounts receivable decreased $290,000 during the year, and inventory increased $140,000. 2....
Data for Hauser Company are presented in P12-3B. Instructions Prepare the operating activities section of the statement of cash flows using the direct method.
What might indicate that a journal is not credible?
The CEO of Aaron's Auto Parts Supply would like to know whether his financial managers can pay off claims of short-term creditors without selling inventory. What ratio will help him understand the...
Sprint Manufacturing Company produces two products, X and Y. The following information is presented for both products: X Y Selling price per unit $30 $20 Variable cost per unit 20 5 Total fixed costs...

a. What is a budget? b. How does a budget contribute to good management?

Question:

Step by Step Answer:

a A budget is a formal written statement of managements plans for a s...View the full answer

Survey Of Accounting

Students also viewed these Business questions