Answer:
A reduction of top management's control of the budget process to one of oversight.
Explanation:
Budgeting can be defined as a financial plan which helps different organizations in the control of their various revenues. Budgeting can also be described as a forecast of how much a company expect to sell and also how much they expect to spend on various costs.
Advantages of budgeting include:
- It helps an organization to achieve their objectives and goals.
- It helps businesses to decide on essential areas to channel their resources to.
Disadvantages of budgeting include:
- a budget may be inaccurate because it is prepared on the basis of assumptions.
- it is expensive and consumes a lot of time.
The answer is memos, emails, and research papers.
Answer:
a. charged any ticket price above $0 for the four remaining seats
Explanation:
Marginal cost refers to the extra expense incurred by a business in producing as an additional unit. For a business to be profitable, its marginal cost should be equal or greater than the marginal revenue.
The Get-There-Safe Bus company has a marginal cost of zero or an additional passenger. It means the cost associated with selling one more passenger ticket is zero. For the bus company to be profitable, it must sell an extra ticket at a price greater than the marginal cost. Therefore, a price greater than zero will result in profit.
Answer:
$8,000
Explanation:
Since Mary is not 59 1/2 years old yet, the distributions she gets from her Roth IRA will be taxed (she only met the 5 year rule). She will have to pay a 10% penalty and income taxes on the earnings that she withdraws.
Mary will have to pay only for the earnings that she withdraws, and luckily for her the contributions are withdrawn first. Mary's earnings = $38,000 - contributions = $38,000 - $30,000 = $8,000
