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3 years ago

A----- is a plan in which an individual balances available resources and expenses.

Business

2 answers:

Simora [160]3 years ago

3 0

A "budget" is a plan in which an individual balances available resources and expenses.

Budgeting is the essential way that you can take control of your accounts. Basically, a budget is a composed arrangement for how you will spend your cash. You can make a month to month or a yearly spending plan. The budget enables you to settle on money related choices early, which makes it less demanding to cover every one of your costs consistently. Budgeting reliably can enable you to turn your accounts around and start to fabricate riches.

Mekhanik [1.2K]3 years ago

3 0

A budget is a plan in which an individual balances available resources and expenses.

Budget:

Budget is a plan in which the costs are already determined with available resources, and the actual expenses are matched with the determined cost. It is a pre-planned determination of the costs incurred in the future. The company maintains the budget to know the disparity between the determined costs and actual cost. If there is a disparity between it, the company tries to know the reason behind it. Budget is an instrument of measuring the cost and trying to lower the cost of production.

Types of budget:

Fixed budget: Fixed budget refers to that budget in which the costsdo not change according to the quantity of units produced. The costs for a particular number of units are similar. If the production level changed over a certain limit of units of production, then the fixed budget will be changed.
Master budget: Master budget is a type of budget which includes all the budgets in it. The master budget includes sales budget, purchase budget, production budget, inventory budget, and cost budget.
Flexible budget:Flexible budget refers to that budget which changed according to the units of production. If the quantity of units produced changed; the budget is adjusted according to the units of production.

Learn more:

1. Learn more about net income

brainly.com/question/10955397

2. Learn more about income and expense ( budgeting)

brainly.com/question/1890422

3. Learn more about the goal of the budget

brainly.com/question/1226004

Answer details:

Grade: Middle School

Subject: Accounting

Chapter: Budgetary control

Keywords: budget, plan, an individual, available resources, and expenses, pre-planned, disparity, measuring, lower the cost, production.

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3 years ago

Very few experienced employees have skills and knowledge that are considered to be at a higher level than what they use at their

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3 years ago

Weston Corporation just paid a dividend of $1.00 a share (i.e., D0 5 $1.00). The dividend is expected to grow 12% a year for the

Oduvanchick [21]

Answer:

D1 = $1.12

D2 = $1.25

D3 = $1.40

D4 = $1.48

D5 = $1.55

Explanation:

The formula to calculate dividends for next years is:

$D_n=D_{n-1}(1+g)$

Where D_n is successive year dividend

D_(n-1) is previous year dividend

g is the growth rate (given as 12% = 12/100 = 0.12)

Initial dividend is $1, D_0

So, lets calculate the dividends for 5 years:

Year 1:

D1 = 1(1+0.12) = 1(1.12) = $1.12

Year 2:

D2 = D1(1+g) = 1.12(1.12) = 1.2544 = $1.2544

Year 3:

D3 = D2(1+g) = 1.2544(1.12) = 1.404928 = $1.404928

Year 4:

D4 = D3(1+g) = 1.404928(1+0.05)1.404924(1.05) = $1.4751744

Year 5:

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3 years ago

Suppose Van would like to invest $2,000 of his savings.

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Answer:

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Explanation:

Suppose Van would like to invest $2,000 of his savings.

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3 years ago

Oriole Co. uses the gross method to record sales made on credit. On July 1, 2020, it made sales of 56,000 with terms 2/10 n/30.

Leokris [45]

Answer:

July 1, 2020

Dr. Account Receivable $56,000

Cr. Sales $56,000

July 9, 2020

Dr. Cash $54,880

Dr. Sales Discount $1,120

Cr. Account Receivable $56,000

Explanation:

Credit terms of 2/10, n/30 means there is a discount of 2% is available on payment of due amount within discount period of 10 days after sale with net credit period of 30 days.

As Payment of $56,000 is received within the discount period. So, the discount will be

Discount = $56,000 x 2% = $1,120

Amount Paid = $56,000 - $1,120 = $54,880

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3 years ago