All categories

2 years ago

Budgeting is the process of planning future business activities and expressing them as?

1 answer:

7 0

From the explanation below, budgeting is the process of planning future business actions and expressing them as a <u>formal plan</u>.

<h3>What is budgeting?</h3>

Budgeting is the process of planning future business actions and expressing them as a formal plan.

Budgeting is said to be expressed as a formal plan because it provides a framework for the financial goals of a company, usually for the following three to five years.

Therefore, budgeting outlines how the formal plan will be executed periodically, taking into account things like revenue, expenses, reduction in debt, and future cash flow.

Learn more about budgeting here: brainly.com/question/18803390.

#SPJ1

You might be interested in

Money is a productive asset. Its opportunity cost is:

dsp73

Answer:

The correct answer is A. The time value of money.

Explanation:

In economic theory, the temporary value of money is intended to represent the idea that a dollar of today is worth more than a dollar of the future, even after adjusting for inflation, because a dollar can now generate interest or other returns up to moment in which the dollar of the future is received. This theory is based on the calculation of present or current value.

8 0

3 years ago

Ivanhoe, Inc. received the following information from its pension plan trustee concerning the operation of the company's defined

Setler79 [48]

Answer:

The pension expense for 2021 = $543,500

Explanation:

Service cost = $523,000

Amortization of prior service cost = $113,000

Settlement rate = 11%

Projected benefit obligation = $1,450,000

Accumulated benefit obligation = $3,600,000

Note: The necessary calculations are in the table attached as a file to this solution.

4 0

3 years ago

Acme enterprises began the new year owing its suppliers $3,000 for merchandise purchased last year. Acme then sold half of this

Zanzabum

Answer:

$8500

Explanation:

Beg AP bal = 3000

Sold 1/2 of merch on acct = add 2500

Paid suppliers = subtract 1000

Bought more merch on acct = add 4000

3000 + 2500 - 1000 + 4000 = 8500

Ending AP bal = 8500

4 0

2 years ago

The Dawson Company manufactures small lamps and desk lamps. The following shows the activities per product and the total overhea

Nadusha1986 [10]

Answer:

235,000 total overhead

Explanation:

First we calculate the rate for activity

$\left[\begin{array}{cccc}&Cost&Pool&Rate\\Setups&60,000&24,000&2.5\\Inspections&120,000&24,000&5\\Assembly&280,000&28,000&10\\\end{array}\right]$

Next, we apply this rate to desk lamp

$\left[\begin{array}{cccc}&Rate&Desk&Overhead\\Setups&2.5&16,000&40,000\\Inspections&5&15,000&75,000\\Assembly&10&12,000&120,000\\\end{array}\right]$

Total Overhead will be the sum of each activity overhead

40,000.00 + 75,000.00 + 120,000.00 = 235,000 total overhead

3 0

3 years ago

A company makes $200,000 in a year and has $150,000 in production costs, leaving them with $50,000. The $200,000 represents

NeX [460]

Answer:

The $200,000 represents the revenue and the $50,000 represents the profit.

Explanation:

4 0

2 years ago