Why do companies prepare budgets?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 69% (13 reviews)
Companies use budgets to translate plans into formal quantitative terms Budgets are us...View the full answer
Answered By
Muhammad Umair
I have done job as Embedded System Engineer for just four months but after it i have decided to open my own lab and to work on projects that i can launch my own product in market. I work on different softwares like Proteus, Mikroc to program Embedded Systems. My basic work is on Embedded Systems. I have skills in Autocad, Proteus, C++, C programming and i love to share these skills to other to enhance my knowledge too.
3.50+
1+ Reviews
10+ Question Solved
Related Book For
Managerial Accounting
ISBN: 978-0078111006
14th edition
Authors: Ray Garrison, Eric Noreen and Peter Brewer
Question Posted:
Students also viewed these Managerial Accounting questions
-
Why do companies prepare a code of conduct?
-
Why do companies prepare adjusting entries?
-
What is strategic planning and why do companies prepare a SWOT analysis during the strategic planning process?
-
A compound with molecular formula C 17 H 36 exhibits a 1 H NMR spectrum with only one signal. How many signals would you expect in the 13C NMR spectrum of this compound?
-
A business executive is trying to decide whether to undertake one of two contracts or neither one. He has simplified the situation somewhat and feels that it is sufficient to imagine that the...
-
In the case of diversifying selection, there are_______ high-fitness variant types in a population.
-
A rock climber accidentally drops a \(4.5-\mathrm{kg}\) backpack, and it falls \(160 \mathrm{~m}\) to the ground below. What is the change in the gravitational potential energy of the system...
-
Weisman, Inc. uses activity-based costing as the basis for information to set prices for its six lines of seasonal coats. Compute the activity-based overhead rates using the following budgeted data...
-
The Reading Warehouse distributes hardback books to retail stores and extends credit terms of 2/7, n/30 to all of its customers. During the month of June the following inventory transactions...
-
Youve just stumbled on a new dataset that enables you to compute historical rates of return on U.S. stocks all the way back to 1880. What are the advantages and disadvantages in using these data to...
-
If you had to decide whether to continue making a component part or to begin buying the part from an overseas supplier, what quantitative and qualitative factors would influence your decision?
-
Why is managerial accounting relevant to business majors and their future careers?
-
The regulation of electric and gas utilities is an important public policy question affecting consumers choice and cost of energy provider. To inform deliberation on public policy, data on eight...
-
If someone changes an incline on a ramp, does work by an object cause a kinetic energy chnge or a potential energy change? Explain your logic.
-
A Ferris wheel starts spinning at t=0 s and stops at t = 12 s. If the Ferris wheel made 5 loops during that time, what is its period, k?
-
A stock investor would like to have an idea concerning the average return of stocks that are traded on a certain exchange. In a sample of 8 2 stocks, the average return was 1 0 percent with a...
-
Consider two investment options for your$ 6 , 0 0 0 :Investing in a business venture, expected to grow to$ 7 , 5 0 0 infour years.Placing the amount in a time deposit with a 5 % interest...
-
A person is spinning an object around on a circular path on the end of a string of length, 0 . 8 3 m . The object has a mass of 0 . 2 1 kg and is moving at a speed of 3 . 0 m / s . Calculate the...
-
The ceramic glaze on a red-orange Fiestaware plate is U 2 O 3 and contains 50.0 grams of 238 U, but very little 235 U. (a) What is the activity of the plate? (b) Calculate the total energy that will...
-
A Firm intends to invest some capital for a period of 15 years; the Firm's Management considers three Options, each consisting of purchasing a machinery of a specific brand, different for each...
-
Which is more like a snapshot of the firms operationsthe balance sheet or the income statement? Explain your answer.
-
Required: a. Prepare a cost of goods manufactured and sold statement. b. Prepare an income statement. Answer is not complete. Complete this question by entering your answers in the tabs below. COGM...
-
Syarikat Jaya uses normal costing for its costing system whereby the calculation of predetermined overhead rate based on direct labours costs. On 1st December 2022, the general ledger consists of the...
-
Ron owns 6 % of USAco, a U . S . corporation. Ron is a nonresident alien. USAco pays Ron a $ 1 , 2 0 0 dividend during the current year. Ron also purchases an unassignable bond issued by USAco, and...
Study smarter with the SolutionInn App