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1 year ago

Which primary management responsibility includes the process of creating budgets?

Business

1 answer:

sladkih [1.3K]1 year ago

8 0

Planning is the primary management responsibility which includes the process of creating budgets.

Planning provides a framework for a businesses financial objectives typically for the next three to five years. Thus, budgeting details how the plan will be carried out month to month and covers items such as expenses, revenue, expenses, potential cash flow and debt reduction.

A budget helps create financial stability. So by tracking expenses and following a plan, a budget can make it easier to pay bills on time, build an emergency fund, and save for major expenses etc.

Hence, a budget planning puts a person on stronger financial footing for both the day-to-day and the long term.

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True/False

Elanso [62]

The answer is FALSE.

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3 years ago

Susan is initially offered a new SUV for $24,000 and agrees to buy it. But when the sales manager comes back after getting some

Olin [163]

The increase of the new SUV from $24,000 to $26,000 after the agreement illustrates a low-balling technique.

<h3>What is a low-balling technique?</h3>

This is a tactics used when the persuader gets a person to commit to a low offer that they have no intention of keeping and then, the price is suddenly increased.

Hence, the increase of the new SUV from $24,000 to $26,000 after the agreement illustrates a low-balling technique.

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6 0

2 years ago

Santa Corporation issued a bond on January 1 of this year with a face value of $1,000. The bond's coupon rate is 6 percent and i

Marianna [84]

Answer:

Santa Corporation

a. The bond's issue price = $901 (PV of all cash inflows).

b. The bond sold at a DISCOUNT. The discount was $99 (equal to total amortization).

c. Bonds payable at the end of:

Year 1 = $931

Year 2 = $964

Explanation:

a) Data and Calculations:

Face value of bond = $1,000

Coupon rate = 6%

Interest payment = Annually on December 31

Bond's maturity period = 3 years

Annual market rate of interest = 10%

N (# of periods) 3

I/Y (Interest per year) 10

PMT (Periodic Payment) 60

FV (Future Value) 1000

Results

PV = $900.53 = $901

Sum of all periodic payments $180.00

Total Interest $279.47

Schedule

Date Cash Paid Interest Expense Amortization Balance

January 1, Year 1 $901

December 31, Year 1 $60 $90 $30 931

December 31, Year 2 60 93 33 964

December 31, Year 3 60 96 36 1,000

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3 years ago

ynwood, Inc. produces two different products (Product A and Product X) using two different activities: Machining, which uses mac

Harrizon [31]

Answer:

$270,000

Explanation:

Calculation for the amount of Machining cost assigned to Product A

Using this formula

Machine cost=Machine hours*Activity rate

Let plug in the formula

Machine cost=1,800*$150

Machine cost =$270,000

Therefore the amount of Machining cost assigned to Product A will be $270,000

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3 years ago

True or False. Companies typically require that systems analysts have a college degree in information systems, computer science,

olga_2 [115]

Answer:

True (at least most of the time)

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But sometimes the demand for people with a degree in computer science or information systems is much larger than the supply, then many companies go directly to the colleges and hire students who haven't graduated yet.

I know this since a few years ago a local university issued a public statement about this issue since less that 30% of their students (in computer related fields) actually graduated. Most of the students were hired by Intel, IBM and HP during their third college year and they dropped out. Of course the students left because they were offered high salaries, imagine if you are 20 or 21 years old and a huge corporation offers you over $70,000 a year. I'm not sure that this is still happening, but I doubt it has changed.

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3 years ago