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butalik [34]
2 years ago
14

A project budget report is showing our project as spending $35,000 against a budgeted amount of $40,000. Which of the following

is true
Business
1 answer:
romanna [79]2 years ago
7 0

From the above information, it is true that the company is running a budget deficit.

<h3>What is budgeting?</h3>

Budgeting is the process of planning for an allocating resources efficiently and effectively.

A budget deficit is when the expended amount is above the budgeted figure.

Learn more about budgeting:
brainly.com/question/6663636
#SPJ1

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A local jacket distributor expects to sell 9,000 black fleece jackets in a year. Assume that EOQ model assumptions are valid. Ea
torisob [31]

Answer: $4,800

Explanation:

First find the Annual holding cost:

= Average inventory * Cost of holding a unit

= 500/2 * 1 * 12 months

= $3,000

Then find the Annual ordering cost:

= Expected units to be sold/ Units ordered * Ordering cost

= 9,000/500 * 100

= $1,800

Annual Inventory cost = Annual holding cost + Annual ordering cost

= 3,000 + 1,800

= $4,800

4 0
2 years ago
In Chapter 7 bankruptcy a debtor
nalin [4]

Answer: A. is required to draw up a petition listing all assets and liabilities.

Explanation:

Bankruptcy simply refers to the legal whereby an economic entity is unable to repay their outstanding debts. In this case, the individual or business will need to sell its remaining assets in order to pay the liabilities.

Due to the above reason, then the debtor will be required by the government to list all of their assets and the liabilities that it owns and this will be used in determining whether the obligation has been fulfilled or not.

3 0
3 years ago
A consumer has a choice of spending $20,000 on a Honda or $14,000 on a Kia. She was observed buying a Kia during the weekend. Do
max2010maxim [7]

Answer: Not necessarily

Explanation:

Consumer purchase decisions are dependent on multiple factors such as price, income and preference. It could be that the customer purchased the Kia because the price was less than that of the Honda and so she wanted to save and costs and bought the less expensive choice.

It could also mean that the Kia was all she could afford based on her income so she bought that. It could however also mean that the Kia is her preference as compared to the Honda so she chose that instead.

It is therefore not a foregone conclusion that she bought the Kia simply because she preferred it. More information would be needed to reach that conclusion definitively.

7 0
3 years ago
Select the correct answer. Which form of relativism states that people rely on their own standards of right and wrong when makin
Sladkaya [172]

E. Naive relativism

Explanation:

Naive relativism is based on the belief that humans ha e a deep seated view of what is right and what is wrong and can judge things by their own standards and make a decision.

<u>These decisions are thus treated as truth derived from one's own self by the person who is concerned. </u>

Naive relativism means that people also project their sense of right and wrong over others and sort of treat it as if it is universal.

7 0
3 years ago
In ethics, our conscience is what tells us whether something is ______.
mrs_skeptik [129]
Conscience is the inner feeling which tell us what is right or wrong. It controls our actions, thoughts and behavior. So the answer is: In ethics, our conscience is what tells us whether something is <span>a. Wrong or right</span>.
8 0
3 years ago
Read 2 more answers
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