Which phrase best describes a country's monetary base?

A variant of fiscal-year budgeting whereby a 12-month projection into the future is maintained at all times is termed _____ budg

katrin [286]

A variant of fiscal-year budgeting whereby a 12-month projection into the future is maintained at all times is termed Continuous budgeting.

<h3>What is Continuous Budgeting?</h3>

Budgets are created for future periods, revised throughout current periods, and adjusted at the conclusion of the term. This process is known as continuous budgeting.
In other words, it's the practice of maintaining active, current, and future budgets to monitor costs and project growth in the future.
The majority of businesses create their budgets on a monthly, quarterly, or annual basis, however many businesses now create weekly budgets to monitor sales and shipments.
In the current era, these plans are utilized to establish financial and performance goals and benchmarks for the future.
Following the conclusion of the current period, the budgeting process is restarted by developing a new plan for the following accounting period.

To learn more about Continuous Budgeting refer to:

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6 0

2 years ago

When a company expands by entering new business areas, it is called growth through __________?

garri49 [273]

When a company expands by entering a new business area, it is called growth through diversification.

Diversity is the means of being different, new, exciting.. something not like another. When a business enters something new, it's called diversification because it's not like what they've done before. With this comes risk but huge growth potential.

7 0

3 years ago

Lok Co. reports net sales of $5,856,480 for 2016 and $8,679,690 for 2017. End-of-year balances for total assets are 2015, $1,686

mart [117]

Answer:

2016 = $3.36

2017 = $4.59

Explanation:

The solution of total assets turnover is shown below:-

Particulars 2016 2017

Total assets in the beginning $1,686,000 $1,800,000

Total assets at the end $1,800,000 $1,982,000

Average assets $1,743,000 $1,891,000

(Assets in the beginning + Assets at end) ÷ 2

Sales revenue $5,856,480 $8,679,690

Total assets turnover $3.36 $4.59

(Sales revenue ÷ Average Total assets)

4 0

3 years ago

Justin is taking a class in which he is working on his future career goals. His teacher asked him to write an essay answering qu

morpeh [17]

Answer:

answer b

Explanation:

8 0

2 years ago

Read 2 more answers

Russell Preston delivers parts for several local auto parts stores. He charges clients $0.75 per mile driven. Russell has determ

arlik [135]

Answer:

1. 1,500 miles

2. Profit

3.4,000 miles

Explanation:

1. Calculation to Determine how many miles Russell needs to drive to break even k-Even Miles

First step is to calculate the Unit contribution margin

Using this formula

Let plug in the formula

Unit contribution margin = Sales price – Variable cost per unit

Unit contribution margin= $0.75 per mile – $0.35 per mile

Unit contribution margin= $0.40 per mile

Now let determine the Break-even units using this formula

Break-even units = Total fixed cost / Unit contribution margin

Let plug in the formula

Break-even units= $600 / $0.40

Break-even units= 1,500 miles

Therefore how many miles Russell needs to drive to break even k-Even Miles will be 1,500 miles

2. Calculation to determine whether he earned a profit or a loss last month Assume Russell drove 1,800 miles last month

Profit=1,800 miles – 1,500 miles

Profit=300 miles

Therefore Assume Russell drove 1,800 miles last month he will EARNED A PROFIT last month

3. Calculation to determine how many miles Russell must drive to earn $1,000 in profit.

Using this formula

Target units = (Fixed cost + Target Profit) / Unit contribution margin

Let plug in the formula

Target units = ($600 + $1,000) / $0.40

Target units = 4,000 miles

Therefore how many miles Russell must drive to earn $1,000 in profit will be 4,000 miles

7 0

3 years ago