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1 year ago

Select all that apply budget reports are commonly prepared for:_____.

Business

1 answer:

steposvetlana [31]1 year ago

7 0

Budget reports are generally prepared for a quarter.

Given an incomplete sentence related to the timings of budget reports.

We are required to fill the timing or frequencies given in the options so that the sentence gives an appropriate meaning.

A budgeting report is basically a report managers use that lists the previously estimated budget projections over a certain period.Budget reports are basically the financial goals leadership comes up with based on informed financial projections. Since they are typically estimations, these budget reports almost always differ from the final financial results, sometimes drastically. Quarter is basically a collection of three months.

Hence it can be concluded that budget reports are generally prepared for a quarter.

Learn more about budget at brainly.com/question/13964173

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Answer:

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Explanation:

Calculation to determine What was Fei’s Interest Expense on the bond during fiscal year 2012

Using this formula

Interest Expense =Interest payable+Amortization of bonds discount interest expense

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Interest Expense=(5%*100,000)+$2,418

Interest Expense=$5,000+$2,418

Interest Expense=$7,418

Therefore Fei’s Interest Expense on the bond during fiscal year 2012 is $7,418

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