What are the advantages of using budgets in a business setting?
Question:
What are the advantages of using budgets in a business setting?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 73% (15 reviews)
The successful use of budgets ...View the full answer
Answered By
Ajeet Singh
Hi there! Are you looking for a committed, reliable, and enthusiastic tutor? Well, teaching and learning are more of a second nature to me, having been raised by parents who are both teachers. I have done plenty of studying and lots of learning on many exciting and challenging topics. All these experiences have influenced my decision to take on the teaching role in various capacities. As a tutor, I am looking forward to getting to understand your needs and helping you achieve your academic goals. I'm highly flexible and contactable. I am available to work on short notice since I only prefer to work with very small and select groups of students. Areas of interest: Business, accounting, Project management, sociology, technology, computers, English, linguistics, media, philosophy, political science, statistics, data science, Excel, psychology, art, history, health education, gender studies, cultural studies, ethics, religion. I am also decent with math(s) & Programming. If you have a project you think I can take on, please feel welcome to invite me, and I'm going to check it out!
5.00+
4+ Reviews
24+ Question Solved
Related Book For
Question Posted:
Students also viewed these Managerial Accounting questions
-
What are the advantages of using dedicated hardware devices for routers and gateways? What are the disadvantages of using these devices compared with using general-purpose computers?
-
What are the advantages of using SRM solutions to manage suppliers?
-
What are the advantages of using data analysis software to detect fraud in a data-driven approach?
-
A corporate entity has both preferred and common classes of shares. How is the book value of common shares calculated in this case? What is meant by the liquidation value of preferred shares?
-
On January 1, 2017, Clark Inc. sold a piece of equipment to Daye Ltd. for $200,000, and immediately leased the equipment back. At the time, the equipment was carried on Clark's books at a cost of...
-
A. A memory unit has a capacity of 65,536 words of 25 bits each. It is used in conjunction with a general-purpose computer. The instruction code is divided into four parts, an operation code, an...
-
Explain why there must always be some nonzero electric field outside the plates of a parallel-plate capacitor (Figure P26.13a), which means that the idealization shown in Figure P26.13b, with all the...
-
Action Athletics manufactures sporting goods that are then sold to retailers. It is a very competitive industry, where quality and price are important to gain space on retailers shelves. Actions...
-
1. Identify the product which represents the solid state in the above reaction. a) Barium chloride b) Barium sulphate c) Sodium chloride d) Sodium sulphate 2. The colour of the solution observed...
-
Using the chart of accounts in Figure 2-1, determine the changes to the balance sheet, income statement, job cost ledger, and equipment ledger as the result of billing a client $368,264 for Job 313....
-
What is a budget? Discuss.
-
What are six principles of good budgeting?
-
Youve just kicked a rock on the sidewalk and it is now sliding along the concrete.
-
Given: 1. public class Threads3 implements Runnable { 2. public void run() { 3. System.out.print("running"); 4. } 5. public static void main(String[] args) { 6. Thread t = new Thread(new Threads3());...
-
1. Explain how risk is essential for determining which risks require immediate attention and resources. 2.Discuss methods and criteria used for risk evaluation, such as likelihood, impact, and risk...
-
What is HPLC Or described categories in detail.
-
Your Python program will do the following: Create an empty list, called first names Create another empty list, called last names Ask the user to enter three full names. (Note that you will want six...
-
In the "Auditor's Guide to Information Systems Auditing", A subset of the described IT definitions is listed below. Given what was discussed and your research, place a risk designation of high,...
-
What are some roles that investment bankers play in mergers?
-
Explain how two samples can have the same mean but different standard deviations. Draw a bar graph that shows the two samples, their means an standard deviations as error bars. T S
-
Regulators shut down Atlantabased Georgian Bank. On July 24, 2009, Georgian Bank had $2 billion in assets and $2 billion in deposits. By September 29, 2009, Georgian Bank had lost about $2 billion in...
-
Explain zero-based budgeting and how it differs from the traditional approach to preparing next years budget.
-
Which operating budget must be prepared before the others? Why?
-
What are the advantages and disadvantages of each of the following for a company that has greatly fluctuating sales during the year? a. A stable production policy b. A stable inventory policy
-
4 An electron emitter will be used to make a beam of electrons for a microscope. Electrons are emitted from a hot wire and accelerated between an anode and cathode plate which can be approximated to...
-
1. A current of 5.83 A is used to produce the microwave radiation in a microwave oven. If the voltage across the oven is 120V, how much does it cost to run the microwave for 12 minutes if electrical...
-
You've seen the following returns on a stock over the past five years: 6 percent, 12 percent, 20 percent, -6 percent, and 11 percent. Suppose the average inflation rate over this time period was 2.5...
Study smarter with the SolutionInn App