Homework Answers
Answer is The following are the three main benefits of budget:
* The Budget forces managers to plan.
* The Budget promotes coordination and communication
* The Budget provides a benchmark.
Add Answer to:
List the three key benefits companies get from preparing a budget The budget allows managers to...
The budget committee consists of a. senior managers, including the CEO and CFO. b. representatives from...
The budget committee consists of a. senior managers, including the CEO and CFO. b. representatives from the stockholders and suppliers. c. a company's stockholders. d. all employees interested in providing input to the budgeting process. 1 points Question 2 Which of the following is not typically a part of the master budget? a. Direct material purchases budget b. Performance report budget c. Projected cash receipts and disbursements d. Budgeted balance sheet 1 points Question 3 Managers may be tempted to...
9-1 A budget a. b. c. is a long-term plan. covers at least 2 years. is only a control tool. d. is...
9-1 A budget a. b. c. is a long-term plan. covers at least 2 years. is only a control tool. d. is a short-term financial plan. e. is necessary only for large firms 9-2 Which of the following is part of the control process? Monitoring of actual activity Comparison of actual with planned activity Taking corrective action All of these. d. a. b. c. Investigating 9-3 Which of the following is not an advantage of budgeting? It provides a standard...
Breve than ot try to KEY TERMS TED on into food and are compon planned and...
Breve than ot try to KEY TERMS TED on into food and are compon planned and actual expenditures Test your recall of the assistance. If you need 1. Ain) BUDEL 2. Ain) convenis provides mor e 3. The usually involving at least five years. need as farms as follows. Try to recall as many key terms as possible without assistance, refer to the list of the terms at the end of this section is a plan of action expressed in...
1.1 HRM as a function and HR Managers and key staff personnel have a vital role...
1.1 HRM as a function and HR Managers and key staff personnel have a vital role in the successful operation of a firm. Based on the information provided below, describe how the Brand Ambassador program affected or supported various functions of HRM. HOW 'THE COMPANY' DEVELOPED A BRAND AMBASSADOR PROGRAM At 'THE COMPANY' we usually categorize Employment Brand at THE COMPANY' into four big ‘buckets’: candidate experience, brand ambassador programs, messaging, and online presence. The truth is the brand ambassador component...
2. Variable Manufacturing Cost BRIEF EXERCISES Variances LO4. 5,6 Companies incur a variety of variable manufacturing...
2. Variable Manufacturing Cost BRIEF EXERCISES Variances LO4. 5,6 Companies incur a variety of variable manufacturing costs, including those related to direct materials and direct labor. The following statements relate to vari- able manufacturing cost variances. a. Computing a price variance involves multiplying the difference in the actual quantity used and the standard quantity allowed by the actual price per unit. b. Usage, or efficiency, variances are appropriately calculated for direct materials, but not for direct labor. c. Traditional variance...
9. Preparing a budget Aa Aa A cash-flow budget uses the same format as a cash-flow...
9. Preparing a budget Aa Aa A cash-flow budget uses the same format as a cash-flow statement. It is prepared on a monthly basis and it reflects budgeted income and expenses. In addition to the cash-flow statement, Dan and Lucy made a list of budget assumptions, listed for you here: Dan's income will increase by 5%, effective January 1. His bonus is generally 10% of his income in the previous year, and he receives it January • Lucy's raise will...
Think about your personal budget. How different do you think it is from a company budget? Understanding the diff...
Think about your personal budget. How different do you think it is from a company budget? Understanding the different components outlined in a company budget, in addition to the order of completion, helps a business owner, professional, and/or student set reasonable and attainable goals. Budgeting is considered a benchmark document that is pertinent to setting goals and answering questions. Read the following scenario and complete the questions posed below. Scenario Don Flowers, owner of VGTBLS (pronounced Vegetables), has three food...
Waterways Corporation is preparing its budget for the coming year, 2020. The first step is to plan for the first quarter of that coming year. The company has gathered information from its managers in preparation of the budgeting process.
Waterways Corporation is preparing its budget for the coming year, 2020. The first step is to plan for the first quarter of that coming year. The company has gathered information from its managers in preparation of the budgeting process.SalesUnit sales for November 2019111,000Unit sales for December 2019101,000Expected unit sales for January 2020112,000Expected unit sales for February 2020114,000Expected unit sales for March 2020115,000Expected unit sales for April 2020124,000Expected unit sales for May 2020138,000Unit selling price$12Waterways likes to keep 10% of the...
write up an essay on the problems in budgeting derived from the articles (i do Upvote...
write up an essay on the problems in budgeting derived from the articles (i do Upvote the answers ) Why Budgeting Kills Your Company HBSWK Pub. Date: Aug '1 1, 2003 Why doesn't the budget process work? Read what experts say about not only changing your budgeting process, but whether your company should dispense with budgets entirely. by Loren Gary The average billion-dollar company spends as many as 25,000 person-days per year putting together the budget. If this all paid...
Explain how the below key concept are linked to this case (i.e. how the key concepts...
Explain how the below key concept are linked to this
case (i.e. how the key concepts you have learned in this topic is
applied in this case study?)
Culture and Cross-Cultural Risk
Culture is the values, beliefs, customs, arts, and other
products of human thought and work that characterize the people of
a given society. Cross-cultural risk arises from a situation or
event in which a cultural misunderstanding puts some human value at
stake. Values and attitudes are shared beliefs...
9-1 A budget a. b. c. is a long-term plan. covers at least 2 years. is only a control tool. d. is a short-term financial plan. e. is necessary only for large firms 9-2 Which of the following is part of the control process? Monitoring of actual activity Comparison of actual with planned activity Taking corrective action All of these. d. a. b. c. Investigating 9-3 Which of the following is not an advantage of budgeting? It provides a standard...
Breve than ot try to KEY TERMS TED on into food and are compon planned and actual expenditures Test your recall of the assistance. If you need 1. Ain) BUDEL 2. Ain) convenis provides mor e 3. The usually involving at least five years. need as farms as follows. Try to recall as many key terms as possible without assistance, refer to the list of the terms at the end of this section is a plan of action expressed in...
2. Variable Manufacturing Cost BRIEF EXERCISES Variances LO4. 5,6 Companies incur a variety of variable manufacturing costs, including those related to direct materials and direct labor. The following statements relate to vari- able manufacturing cost variances. a. Computing a price variance involves multiplying the difference in the actual quantity used and the standard quantity allowed by the actual price per unit. b. Usage, or efficiency, variances are appropriately calculated for direct materials, but not for direct labor. c. Traditional variance...
9. Preparing a budget Aa Aa A cash-flow budget uses the same format as a cash-flow statement. It is prepared on a monthly basis and it reflects budgeted income and expenses. In addition to the cash-flow statement, Dan and Lucy made a list of budget assumptions, listed for you here: Dan's income will increase by 5%, effective January 1. His bonus is generally 10% of his income in the previous year, and he receives it January • Lucy's raise will...
Think about your personal budget. How different do you think it is from a company budget? Understanding the different components outlined in a company budget, in addition to the order of completion, helps a business owner, professional, and/or student set reasonable and attainable goals. Budgeting is considered a benchmark document that is pertinent to setting goals and answering questions. Read the following scenario and complete the questions posed below. Scenario Don Flowers, owner of VGTBLS (pronounced Vegetables), has three food...
Explain how the below key concept are linked to this
case (i.e. how the key concepts you have learned in this topic is
applied in this case study?)
Culture and Cross-Cultural Risk
Culture is the values, beliefs, customs, arts, and other
products of human thought and work that characterize the people of
a given society. Cross-cultural risk arises from a situation or
event in which a cultural misunderstanding puts some human value at
stake. Values and attitudes are shared beliefs...
Most questions answered within 3 hours.
-
han discusses the racist practice of badlands, a bar
in the Castro
district of San Francisco,...
asked 4 minutes ago -
A sample of final exam scores is normally distributed with a
mean equal to 25 and...
asked 7 minutes ago -
An investor shorts 100 shares of a stock when the share price is
$50 and closes...
asked 11 minutes ago -
LLOP corporation just paid 4$ dividend per share, you expect the
dividend to grow 8% for...
asked 20 minutes ago -
if we subtract 1000 from 0001 is there overflow? (binary)
asked 28 minutes ago -
Hello, I need help with the function below, The language I am
using is Ocaml
open...
asked 30 minutes ago -
Explain how the presence of glucose represses the gal structural
genes?
asked 37 minutes ago -
For the reaction CaI2+2AgNO3⟶2AgI+Ca(NO3)2 how many grams of
silver iodide, AgI, are produced from 56.5 g...
asked 49 minutes ago -
Write an equation for hydrolysis via acid catalysis.
Using ethyl acetate, ethyl benzoate, ethyl formate or...
asked 57 minutes ago -
Only one graph is needed.
(a) Draw a Supply Curve and the Demand Curve for the...
asked 1 hour ago -
Fill in the blanks and please show how you arrived at numerical
answers
. The...
asked 1 hour ago -
91. If the half – life of a sample of radioactive
material is 60 days, what...
asked 1 hour ago