Answer:
a. Budgets are detailed forward-looking financial reports based on expected income and expenses.
Explanation:
A budget is a financial plan used for the estimation of revenue and expenditures of an individual, organization or government for a specified period of time, often one year. Budgets are usually compiled, analyzed and re-evaluated on periodic basis.
The first step of the budgeting process is to prepare a list of each type of income and expense that will be part of the budget.
The final step by the management of an organization in the financial decision making process is making necessary adjustments to the budget.
The benefits of having a budget is that it aids in setting goals, earmarking revenues and resources, measuring outcomes and planning against contingencies.
It is typically used by various organizations or companies due to the fact that, it's tied directly to the strategy and tactics of a company on an annual basis. Also, it is used to set a budget for marketing efforts while anticipating on informations about the company.
It is only as good as the information put into it. You must very good and correct information in order to have good decision. <span>It is not suitable for small tables (little input information and "small" problems).</span>
Answer:
taxing those with higher incomes results in less work effort.
Explanation:
In normative ethics, utilitarian ethics (utilitarianism) can be defined as a theory of morality or ethical theory that typically involves engaging in actions that facilitate pleasure, joy or happiness while completely opposing any action capable of causing harm and unhappiness.
Basically, utilitarian ethics considers an action to be right or morally correct if it produces genuine happiness or joy in the mind of a large number of people in an organization, group or society.
The three (3) main principles (axioms) of utilitarian ethics (utilitarianism) include the following;
I. The only thing with an intrinsic value is pleasure or happiness.
II. If an action promotes happiness or pleasure, then it is right; it is wrong if it causes harm or unhappiness (sadness).
III. The happiness of everyone in a group or society should count equally.
One of the problems associated with the utilitarianism is that it does not recognize that taxing those with higher incomes results in less work effort.
Answer:
Total cost Groceries department 4,103,238
Total cost Gif department 366,763
Explanation:
![\left[\begin{array}{ccccc}&Administration&Janitorial&Grocerys&Gifs\\$employee hours&&350&2690&160\\$square feet&&&9200&800\\Direct \: Cost&190000&70000&3860000&350000\\$Allocate A&-190000&20781.25&159718.75&9500\\$Subtotal&&90781.25&4019718.75&359500\\$Allocate J&&-90781.25&83518.75&7262.5\\$Total&&&4103237.5&366762.5\\\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bccccc%7D%26Administration%26Janitorial%26Grocerys%26Gifs%5C%5C%24employee%20hours%26%26350%262690%26160%5C%5C%24square%20feet%26%26%269200%26800%5C%5CDirect%20%5C%3A%20Cost%26190000%2670000%263860000%26350000%5C%5C%24Allocate%20A%26-190000%2620781.25%26159718.75%269500%5C%5C%24Subtotal%26%2690781.25%264019718.75%26359500%5C%5C%24Allocate%20J%26%26-90781.25%2683518.75%267262.5%5C%5C%24Total%26%26%264103237.5%26366762.5%5C%5C%5Cend%7Barray%7D%5Cright%5D)
Adminstration cost will be distributed among Janitorial, Groceries and Gifs
we add up the employee hours:
350 + 2690 +160 = 3200
Then, we cross multuply:
190,000 x 350/3200 = 20781.25
190,000 x 2690/3200 = 159718.75
190,000 x 160/3200 = 9500
we add them to their cost and then do the same for Janitorial.
9200+ 800 = 10,000
90781.25 x 9200/10000 = 83518.75
90781.25 x 800/10000 = 7262.5
giving the total cost of the operating departments.
