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Dominik [7]
4 years ago
8

A budget a. is the responsibility of management accountants. b. is the primary method of communicating agreed-upon objectives th

roughout an organization. c. ignores past performance because it represents management's plans for a future time period. d. may promote efficiency but has no role in evaluating performance.
Business
1 answer:
dangina [55]4 years ago
5 0

Option B

A budget  is the primary method of communicating agreed-upon objectives throughout an organization.

<u>Explanation:</u>

A budget is an estimation of income and liabilities across a defined future period and is normally collected and re-evaluated annually. A budget is a microeconomic idea that confers the trade-off presented when one good is substituted for another.

Corporate budgets are necessary for performing at peak productivity. Apart from allocating resources, a budget can also assist in fixing goals, covering outcomes and mapping for predicaments. At organizations and companies, a budget is a domestic tool used by administrators and is frequently not wanted for inscribing by external parties.

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Answer: Please refer to the explanation section

Explanation:

Loss from operations = $500 000

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Income from continuing operations after tax = $2000 000, Therefore income from continuing operations before tax is equal to $200 000 x 100/60 = 3 333 333.333

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Net Income After Tax = 2633 333.333 x 60/100 = $1580 000

Income Statement

Income from continuing operations   3 333 333.333

Loss from operations                         - 500 000

Loss from sale of assets                    <u>- 200 000</u>

Net Income before Tax                       2633 333.333

Taxation                                              <u>-1053 333.333</u>

Net Income                                         1580 000

5 0
3 years ago
Ms. Prindable makes caramel apples (Y) out of normal apples (A) and caramel (C) through the production function 1/ 31/ 2YAC. Sh
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A company's mission is what the company is and why does it exists.

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The correct answer to the following question will be "The product line's segment margin".

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