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zmey [24]
1 year ago
10

A variant of fiscal-year budgeting whereby a 12-month projection into the future is maintained at all times is termed _____ budg

eting. a.master b.zero-based c.flexible d.continuous
Business
1 answer:
katrin [286]1 year ago
6 0

A variant of fiscal-year budgeting whereby a 12-month projection into the future is maintained at all times is termed Continuous budgeting.

<h3>What is Continuous Budgeting?</h3>
  • Budgets are created for future periods, revised throughout current periods, and adjusted at the conclusion of the term. This process is known as continuous budgeting.
  • In other words, it's the practice of maintaining active, current, and future budgets to monitor costs and project growth in the future.
  • The majority of businesses create their budgets on a monthly, quarterly, or annual basis, however many businesses now create weekly budgets to monitor sales and shipments.
  • In the current era, these plans are utilized to establish financial and performance goals and benchmarks for the future.
  • Following the conclusion of the current period, the budgeting process is restarted by developing a new plan for the following accounting period.

To learn more about Continuous Budgeting refer to:

brainly.com/question/14300218

#SPJ4

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Outdoor Expo provides guided fishing tours. The company charges $200 per person but offers a 10% discount to parties of four or
lukranit [14]

Answer:

a. Recording of transactions:

May 7, Accounts Receivable (Dr.) $900

Sales Revenue (Cr.) $900

May 15, Customer service Expense (Dr.) $360

Sales Allowance (Cr.) $360

May 20, Cash (Dr.) $495

Cash Discount (Dr.) $45

Sales Allowance (Dr.) $360

Accounts receivable (Cr.) $900  

Explanation:

b. Net Sales :

Total Quote ($180 * 5 ) = $900

Less : Cash Discount 5% = 45

Less : Sales Allowance 40% = 360

Net Sales = $495

c. Outdoor expo will record sales after deducting the cash discount. This discount is availed by customer as repayment is made within 15 days. The sales allowance is subtracted from the gross sales as the compensation is made from the outdoor expo due to mistake from their guide on tour. The net sales reported in Income statement will be $495.

4 0
2 years ago
What will be the effect on short-run price, quantity, and profit if a technological development reduces marginal costs in a comp
Studentka2010 [4]

Answer:

Price

The price in the short-run will decrease because with less marginal costs, producers would produce more goods and services which would shift the supply curve to the right. The new intersection with the demand curve will be at a lower price.

Quantity

As said above, producers would produce more goods and services which means that the quantity supplied will increase.

Profit

This is a competitive market. Each firm will earn zero profits because the drop in price will match the drop in marginal costs to ensure that firms are not making anything extra.

5 0
3 years ago
In an informational interview, which two actions help you expand your professional network?
Dennis_Churaev [7]
In an informational interview, the two actions which wil help you expand your professional network are: <span>B) Know what experience and skills you have that would make you a good fit for the position.
</span><span>E) Ask for names of other people that you could contact for informational interviews.
</span><span>Both these options reflect you as a person willing to develop in a chosen sphere so that you can stand as a suitable worker. A will to develop and finding new contacts is the best way for an employee to succeed. 


</span>
3 0
3 years ago
Read 2 more answers
The talk test can be used to measure the __________.
Valentin [98]

Answer:

The talk test is used to measure moderate-intensity activities. If a person can talk during an activity, but cannot sing, they are engaged in moderate-intensity activity. If they cannot talk, they are doing a higher-level intensity activity.

Explanation:

7 0
2 years ago
Can someone help me what is the answer
jarptica [38.1K]

Answer:

a). $413,000

b).  $485,000

Explanation:

As the December 31, 20y8,  Assets of $543,000 and liabilities of $130,000.

Using  accounting equation

a). owner's equity as of December 31, 20y8

The accounting equation is as follows.

Asset = Equity + Liabilities

$543,000 = Equity + $130,000

Equity = $543,000 - $130,000

Equity =$413,000

b). Owner's equity as DEC 31,20y9 assuming that assets increased by $103,000 and liabilities increased by $31,000 during 20y9

If assets increase by $103,000, assets will be $103,000 + $543,000

=$646,000

Liabilities increased by $31,000, new liabilities

=$130,000 + $31,000

=$161,000

$646,000 = equity + $161,000

Equity = $646,000 -$161,000

Equity = $485,000

6 0
3 years ago
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