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jolli1 [7]
4 years ago
11

Which term describes the situation in which a manager intentionally overbudgets expenses or underbudgets​ revenue?

Business
1 answer:
Mariulka [41]4 years ago
5 0
I believe it is called "cost overrun"
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Any time Since 2022 Since 2021 Since 2018 Custom range... Sort by relevance Sort by date Any type Review articles Learner-Center
harkovskaia [24]

The teams looked at the research that establishes these characteristics and have organized them around five components: learning climate; classroom assessment and reflection; instructional rigor and student engagement; instructional relevance; and knowledge of content.

<h3>What is reflection?</h3>

The change in direction of a wavefront at an interface between two different media so that the wavefront returns to the medium from which it originated is referred to as reflection. Reflection of light, sound, and water waves are common examples.

When waves bounce off a barrier, the direction of the waves changes. Wave refraction is the change in direction of waves as they pass from one medium to another. Refraction, or the bending of the path of the waves, is accompanied by a change in the waves' speed and wavelength.

A phase change can occur when a wave is reflected, specifically from the boundary of a faster wave speed medium to the boundary of a slower wave speed medium.

To know more about reflection follow the link:

brainly.com/question/1908648

#SPJ4

4 0
2 years ago
A minor bought an Ernie Banks baseball card from a baseball card store. The card was marked $12, and the inexperienced clerk who
krok68 [10]

Answer: No. The owner cannot get the card back because of the minor’s lack of capacity

Explanation:

From the information given, we are told that a minor bought a baseball card from a baseball card store for $12, even though the price was $1,200.

It should be noted that the owner cannot get the card back based on the minor’s lack of capacity. In this case, the idea is to protect the minor, therefore the minor who bought the baseball card is the one that can disaffirm or cancel the contract. In this case, the adults are bound to the contract.

The baseball card will only be gotten if the minor wishes to give it back.

4 0
3 years ago
Betty Lou has a car washing and detailing business. She charges​ $20 to wash a​ car, a process that takes her 20 minutes and req
Readme [11.4K]

The correct answer is; Raise her prices on the car detailing or only wash cars.

Further Explanation:

It makes the most sense that Betty Lou raise the pricing on the car detailing. Since the materials cost more than the washing materials and car detailing takes more time, she is losing money in the long run.

If Betty doesn't want to raise her prices, she should only continue to wash cars since she can do this faster and make more money on average. This is the most efficient use of her resources. Betty can use advertising to get more clients and repeat clients that liked her car detailing will be willing to pay more for her services.

Learn more about money resources at brainly.com/question/13726693

#LearnwithBrainly

5 0
3 years ago
A company purchased a weaving machine for $332,970. The machine has a useful life of 8 years and a residual value of $18,500. It
Vera_Pavlovna [14]

Answer:

$48,175

Explanation:

Given:

Cost of the weaving machine = $332,970

Useful life = 8 year or 767,000 bolts production

Residual value = $18,500

Number of bolts produced in the first year = 113,500

Number of bolts produced in the second year = 117,500

Now,

Using the units-of-production method of depreciation

Rate of depreciation = \frac{\textup{Cost - Residual value}}{\textup{Number of bolts produced during the useful life}}

= \frac{\textup{332,970-18,500}}{\textup{767,000}}

= 0.41

Therefore,

Depreciation for the second year

= Rate of depreciation × Number of bolts produced in the second year

= 0.41 × 117,500

= $48,175

6 0
4 years ago
Four roommates are planning to spend the weekend in their dorm room watching old movies, and they are debating how many to watch
gulaghasi [49]

Answer:

See the five answers below.

Explanation:

The roommates are debating how many movies they should watch.

This is the constraint; given that they have to pay to rent each movie.

<u>PART (A)</u>

Since their dormitory room is the 'cinema', meaning that it's just going to be 4 of them and a private good that they'll pay for; then the showing of a movie is not a public good!

Public goods are those general utilities usually provided by governments, for their citizens; e.g. public defense, clean drinking water, good roads, etcetera.

<u>PART (B)</u>

Given the 'willingness to pay' constraint, we need to find the optimal number of movies they can watch. It costs $8 to rent a movie, no matter how interesting it is or how much satisfaction the viewers derive from it. So the cost of the 1st film = the cost of the 2nd film = the cost of the 3rd film = the cost of the 4th film = the cost of the 5th film.

To get the total amount they're willing to pay for all 5 movies, sum up!

(10+9+6+3) + (9+7+4+2) + (8+5+2+1) + (7+3+0+0) + (6+1+0+0)

KEY: This arrangement should remind you of the law of diminishing marginal utility. The more movies they watch in one sitting or over a weekend, the less satisfaction they derive from the intangible commodity. Hence, the less they are willing to pay for more of the commodity.

So the sum is 28 + 22 + 16 + 10 + 7  =  83

Now to get the number of movies they should rent if they wish to maximize their total spending, divide the total willingness to pay by the cost for a movie:

83/8 = 10.375

Rounding up to the nearest whole number or in reality, that's 10 movies.

<u>PART (C)</u>

Suppose the roommates choose to rent this optimal number of movies - which is higher than the intended number of movies - and then split the cost equally, what will each roommate pay?

Here, we will use the approximated value 10.

10movies  x  $8  =  $80

Splitting the cost equally, divide by 4

$80 ÷ 4  = $20

This figure is just in obedience to the question's requirements which says the bill must be shared equally. In actual fact, some of the four roommates don't have a purchasing power or willingness that is up to $20! That's Felix and Larry.

<u>PART (D)</u>

Complete the given table by inputing each roommate's total willingness to pay for the 5 movies and the surplus each person obtains from watching the movies. Remember to assume that Van is the same person as Raphael.

Also, total cost for 5 movies is 8 x 5 = $40

Dividing this by 4, you have $10 per roommate. So a surplus would be the excess of each roommate's TWTP over $10.

                      <u>  TWTP($)          CS($)</u>

VAN                    40                   30

CARLOS             25                    15

FELIX                  12                      2

LARRY                 6                      -4

<u>PART (E)</u>

If the cost is divided up based on the benefits (remember how the price for movie was static despite the movie and satisfaction received by each viewer? That's about to change) or satisfaction each roommate receives, the practical problem with this 'solution' is that each roommate has an incentive to reduce the value of the movies to him; and this can only be measured by the efficient number (the number that rates the value each roommate derives from each movie). In this case, the incentive is the window given to each roommate to 'not tell the truth' about their level of satisfaction from watching each movie, because that would mean a higher bill for the individual.

KUDOS!

4 0
3 years ago
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