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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<u> "budget"</u> 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

<u>A budget is a plan in which an individual balances available resources and expenses. </u>

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

<u>brainly.com/question/10955397 </u>

2. Learn more about income and expense ( budgeting)

<u>brainly.com/question/1890422 </u>

3. Learn more about the goal of the budget

<u>brainly.com/question/1226004 </u>

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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A check-processing center uses exponential smoothing to forecast the number of incoming checks each month. The number of checks

Liula [17]

Answer:

a. 41.6 million

b. 42.28 million

Explanation:

A) GIven

forecast in june = Sjune = 42 million

Checks recived in june = Xjune = 40 million

Smoothing constant = a = 0.2

So for july

Sjuly = a*Xjune + (1-a)*Sjune

=0.2*40 + (1-0.2)*42 million

=8+33.6 = 41.6 million

B) forecast in july = Sjuly = 41.6 million

Checks recived in july = Xjuly = 45 million

Smoothing constant = a = 0.2

So for August

Saugust = a*Xjuly + (1-a)*Sjuly

=0.2*45 + (1-0.2)*41.6 million

=9+33.28 = 42.28 million

<em>Note: This uses an exponential smoothing to forecast the results, but from the number of checks recived we see that it increases linearly. So we need a linear forecasting method .</em>

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3 years ago

Phil Graves Cemetery had 63,000 shares of common stock issued and outstanding at January 1, 2021. During 2021, Graves took the f

Whitepunk [10]

Answer:

Dividends for the year $63,000

Explanation:

Phil Graves Cemetery

Jan. 1 Shares issued and outstanding 63,000

June 1 2-for-1 stock split x 2

June 1 Shares issued and outstanding 126,000

Oct. 15 Cash dividend declared (per share)x $ .50

Dividends for the year $63,000

Therefore the amount that Graves should report as dividends is $63,000

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3 years ago

Which of the following will not create minimum contacts in a state sufficient to find personal jurisdiction on an out-of-state d

Maurinko [17]

Answer: A company maintains a website that provides information about its products and that provides an address or number that a customer can contact to obtain an order form to purchase products directly from the company.

Explanation:

With different states having varying laws but yet still sharing a lot of business interests, it is important that the states know when they can have jurisdiction over a person.

Minimum contacts is the solution and is used to determine whether an entity has sufficient contacts in a state to warrant jurisdiction over them.

Simply having a website that can be accessed by people in a state does not fall under the provisions required for minimum contact to be met so the courts in this state cannot have personal jurisdiction over this company.

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3 years ago

Burnley and Co., a graphic design firm, has offices in New York, Texas, California, New Mexico, and New Jersey. Each of these of

vekshin1

Answer:

Emma Burnley has a wide span of control

Explanation:

Span of control is defined as the number of subordinates that are directly reporting to a manager . It can be narrow or wide depending on the number of reporting employees.

In a situation where a large numbers and layers of employee report to a particular manager , it is called a wide span of control

Employees get more responsibilities with less supervision and get motivated. However , the manager might just get overworked and have trouble making decision.

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3 years ago

Which of the following personal property items has the HIGHEST specific limitation on coverage?

Charra [1.4K]

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<h3 /><h3>The properties having HIGHEST specific limitation on coverage.</h3>

A limit is the highest amount your insurer will pay for a claim that your insurance policy covers.

Some of these specific limits apply to a building or personal property at a single location.

From the listed option, the personal property items that have the HIGHEST specific limitation on coverage are jewelry, watches, and precious stones or metals because they are saved in a location, especially in banks

Learn more on specific limitations on coverage here: brainly.com/question/27015627

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2 years ago