1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
pentagon [3]
2 years ago
13

Budget is a framework which guides the implementation, assessment, monitoring of all government programs to ensure sound financi

al management. Explain it.​
Business
1 answer:
REY [17]2 years ago
4 0

The yearly budget law, which covers the revenue and expenditure forecasts for a particular year, is planned, approved, executed, and audited within the permanent legal framework provided by the constitution, the budget organic law, and financial rules.

<h3>What is the Importance of a Budget in business?</h3>

It allows the business owner to focus on cash flow, cost-cutting, boosting earnings and boosting returns on investment. The cornerstone of every successful firm is budgeting. It assists with both planning and maintaining control over the company's finances.

An evaluation of a company's anticipated financial resources or the resources needed to finish a project constitutes a budget estimate. A budget estimate is a rough estimation of the amount of money that will likely be needed to finish a project or the amount of money that will be predicted to be available to a firm or organization.

Learn more about Budget here:

brainly.com/question/15683430

#SPJ1

You might be interested in
What is the maximum amount a firm should pay for a project that will return $15,000 annually for 5 years if the opportunity cost
vampirchik [111]

Answer:

The firm should pay $46907.57 for the given project.

Explanation:

Given information:

Return = $15000 annually

Time = 5 years

Opportunity cost = 18%

The formula for payment is

PV=R(\frac{1}{OC}-\frac{1}{OC(1+OC)^t})

where, R is return, OC is opportunity cost, t is time in years.

Substitute R=15000, t=5 and OC=0.18 in the above formula.

PV=15000(\frac{1}{0.18}-\frac{1}{0.18(1+0.18)^5})

PV=46907.5653141

PV\approx 46907.57

Therefore the firm should pay $46907.57 for the given project.

8 0
2 years ago
What is the end product of the accounting process?
Goryan [66]
In the accounting cycle, the last step is to prepare a post-closing trial balance.
3 0
3 years ago
Consider the multi-factor APT with two factors. The risk premiums on the factor 1 and factor 2 portfolios are respectively 5% an
Llana [10]

Answer:

Option (B) 5.5%

Explanation:

Data provided in the question :

Factor             Risk premium

Factor 1               5%

Factor 2              3%

Beta of stock A on factor 1 = 1.4

Beta of stock A on factor 2 = 0.5

Expected return = 14%

Now,

Expected return

= Risk free rate + (Beta of factor 1 × Risk premium of factor 1) + (Beta of factor 2 × Risk premium of factor 2)

or

14% = Risk free rate + (1.4 × 5%) + (0.5 × 3%)

or

14% = Risk free rate + ( 7% + 1.5% )

or

Risk free rate = 5.5%

Hence,

Option (B) 5.5%

6 0
3 years ago
How does microfinance benefit an economy?​
JulsSmile [24]

Answer:

it enables people to use money wisely

Explanation:

this is because a specific amount of money will be provided for a specific reason

3 0
3 years ago
Recently, U.S. dairies, struggling to increase milk sales, tried to change the way adults thought about chocolate milk. The dair
Blizzard [7]

Answer:

The correct answer is C

Explanation:

Repositioning is states as altering or changing the position of the product in the customer minds as relative to the offerings of the product. It is very difficult as well as subtle procedure as the brand or the product needs or require to change the market understanding of the product.

In this case, the dairies would like to reposition the chocolate milk in the minds of the adult customers as they are trying to change the way adults think of chocolate milk.

7 0
3 years ago
Other questions:
  • When determining costs of jobs, how does a company account for indirect materials?
    14·1 answer
  • Creighton Company reported the following on the company's income statement for the year. Interest expense $600,000 Income before
    5·1 answer
  • Carson Company purchased a depreciable asset for $560,000. The estimated salvage value is $28,000, and the estimated useful life
    15·1 answer
  • A company that is organized by both product and function is using ________ organization.
    7·2 answers
  • The following information was drawn from the Year 1 accounting records of Ozark Merchandisers: Inventory that had cost $15,000 w
    7·1 answer
  • Which level of PPE uses APR/PAPR and also includes a chemical/splash over garment, double gloves and chemical resistant boots?
    10·1 answer
  • Company ABC has total liabilities of $660,000 and total equity of $342,000. The company needs to raise additional funds through
    10·2 answers
  • You purchase Rayovac batteries from Wal-Mart. You send in your battery receipt and a form with your name, address, and UPC code
    5·1 answer
  • Consider again the price control described in the last question. Let's assume that the price control
    8·1 answer
  • How can a country achieve higher levels of competition and a variety of products in an industry with only one or two domestic fi
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!