Available Options:
a) The budget helps motivate employees to achieve sales growth and cost-reduction goals.
b) The budget provides managers with a benchmark against which to compare actual results for performance evaluation.
c) The planning required to develop the budget helps managers foresee and avoid potential problems before they occur.
d) All of the above.
Answer:
Option D. All of the above.
Explanation:
The reason is that when budgets are set every personnel in the organization is given a task along with the restriction on the use of excessive resources of the company by generating a standard number of output, which is benefitial to the company and the managers as well.
Furthermore, standard costs are used in budgeting to estimate the costs of the operations of the company which means that the standard cost would be used for actual units to compare the actual results to make meaningful conclusions.
At the end, the main benefit of the budgeting is that it highlights the potential issues in the operating systems of the organization which must be corrected to avoid the same advers outcome in the future.
So all of the statements are correct.
Answer:
True
Explanation:
A buisness customer records every transaction to see how the transaction was
Answer:
The answer is: $18,289.50
Explanation:
The interest earned from the investment in Birmingham Bonds is not included in Mitch's gross income.
If Mitch earned $100,000, so he will fall under the fourth bracket for single filers.
He will have to pay $14,089.50 plus 24% of any income over $82,500.
taxes due = $14,089.50 + [($100,000 - $82,500) x 24%]
taxes due = $14,089.50 + $4,200 = $18,289.50
<span>Budgeting ...Accounting. ...Marketing. ...Sales. ...Hiring Employees. ...Customer Service. Maybe!</span>
Answer:
External and internal environment is very important to the performance of airlines in the airline industry.
The industrial organization (I/O) model suggests that environments is the key point for firms to earn above-average returns.
Explanation:
The airlines´ external and internal environments analysis is important because it is the first step in developing the frim´s strategic management process.
This analysis will establish the firm´s resources availability and capability, along with the core competencies looking forward setting commitments, making decisions, and taking actions aiming to reach competitiveness and to earn above-average returns.
The industrial organization, or I/O model, suggests that the external environment is the key of a firm’s strategic actions as firms use the sources information of these continuously evolving "strategic inputs" to develop its vision and mission and to formulate its strategy to respond to the challenging landscape brought by globalization and the resulting economy featuring rapid technological changes, and achieve strategic competitiveness and above-average returns.
