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Maru [420]
2 years ago
5

Sometimes employees will deliberately overstate the amount of materials and/or labor that should be required to complete a job.

The difference between inflated and realistic standards is known as:
Business
1 answer:
ra1l [238]2 years ago
3 0

Sometimes employees will deliberately overstate the amount of materials and/or labor that should be required to complete a job. The difference between inflated and realistic standards is known as budget slack.

A budgetary cushion known as "budgetary slack" aims to increase the likelihood that actual performance will exceed expectations. Underestimating the quantity of revenue or income to be generated or overestimating the number of expenses to be incurred are the two ways to create budgetary slack.

The intentional under- or over-estimation of expected revenue or expenses is known as budgetary slack. This gives managers a considerably better opportunity to "make their numbers," which is crucial for them if performance reviews and bonuses are dependent on meeting budgetary targets.

Learn more about budgetary slack here

brainly.com/question/15327518

#SPJ4

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LeMay Department Store uses the retail inventory method to estimate ending inventory for its monthly financial statements. The f
Rom4ik [11]

Answer:

See below

Explanation:

a. Estimated ending inventory and cost of goods sold for March

Costs Retail

Beginning inventory $44,000 $66,000

Add:

Net purchases $211,000 $404,000

Less:

Purchase return ($6,000) ($8,000)

Freight in $21,396 $0

Net markups $0 $6,200

Goods available for sale $270,396 $468,200

Less:

Net mark down $0 ($3,900)

Goods available for sale( after markup) $270,396 $464,300

b. Cost to retail percentage using average cost method

= [(Goods available for sale at cost(after markup / Goods available for sale at retail (after markup) ] × 100

= [($270,396 / $464,300)] × 100

= 58.24%

8 0
3 years ago
Your investment has a 20% chance of earning a 30% rate of return, a 50% chance of earning a 10% rate of return, and a 30% chance
stellarik [79]

Answer:

9.2%

Explanation:

expected return of the investment = potential return x chance of each return happening

Expected return of the investment:

  • 20% chance of occurring x 30% potential return = 0.2 x 30% = 6%
  • 50% chance of occurring x 10% potential return = 0.5 x 10% = 5%
  • 30% chance of occurring x -6% potential return = 0.3 x -6% = -1.8%
  • total expected return = 9.2%
6 0
3 years ago
The two main purposes of a business plan are: a. to provide a document to keep employees focused and to seek outside funding. b.
Free_Kalibri [48]

Answer:  Option A

     

Explanation: In simple words, business plan refers to an outline of framework that guides an organisation regarding its operations in future.

        Business plan helps the organisation and its employees to set the chain of activities they need to perform for achieving their goals. Business plans also helps to determine the amount of capital needed to finance the projects that further helps the organisation to seek outside funding.

Hence from the above we can conclude that the correct option is A.

8 0
3 years ago
A(n) _____________ activity includes those transactions and events that determine net income, including the purchase of merchand
expeople1 [14]

An operating activity includes those transactions and events that determine net income, including the purchase of merchandise, the sale of goods and services to customers, and expenditures to operate the business.

A business operates through certain actions that manage and keep the business alive. Such operating activities may include more than a couple of processes that help the business stay afloat.

  • The operating activities of a business include all the things that a company does to provide an ongoing flow of products and services to the market.
  • Such activities may include setting a strategy, keeping accounts of the transactions like purchasing of merchandise, the sale of goods and services to customers, and the expenditures incurred to operate the business.
  • Operating activities are important as they control the cash flow of the business and maybe the sole source of ensuring the business stays alive.
  • It is directly linked to the deep-end workings of the company, like the production, sale, distribution, etc. of the company.

Thus, operating activities such as the determination of the incomes, purchase of merchandise, sale of goods and services, etc. all play a huge part in the successful running of the company. It's actions such as these that determine the success or failure of the company.

Learn more about cash flow activities here:

brainly.com/question/14122060

5 0
3 years ago
1. What is the difference between structural and cyclical unemployment? In this context, what is the difference between Europe a
Elis [28]

Structural Unemployment is one that is permanent or long lived and Cyclical Unemployment does not have enough demand in the economy.

Explanation:

Structural unemployment results with a permanent dislocations within markets and a mismatch between skills in growing company needs. When the overall goods and service in an economy cannot support full employment that results with Cyclical unemployment.

The difference between Europe and US is, US has 50 states under one country whereas Europe is a union between countries.

Krugman uses the tax savings to buy their own stock, The evidence is overwhelming.

7 0
3 years ago
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