All categories

3 years ago

Which of the following is an example of the benchmarking function of the budgeting process?

Business

1 answer:

postnew [5]3 years ago

7 0

Answer: Option D

Explanation: In simple words, benchmarking refers to the process in which the company sets the standards of performance based on the industry averages or from the performance of their competitors.

The benchmarking is done for the future reference so that the actual results could be compared with the set standards and the performance of the managers could be evaluated.

Hence from the above we can conclude that the correct option is D.

You might be interested in

MAD Corp. has 20-year bonds with an 8% coupon rate and a 10% yield to maturity. What would be MAD's appropriate after-tax cost o

barxatty [35]

Answer:

After-tax cost of deb = 6%

Explanation:

The cost of debt is the required rate of return payable to investors in the debt instruments of a company. These investors include providers of long term debt finance to the company.

The cost of debt finance can determined by working out the yield to maturity on debt with adjustment for tax.

It is noteworthy that debt finance affords the company a tax savings advantage because interest expense incurred on the use of debt of are tax deductible expense.

After-tax cost of debt = (1- Tax rate) × before-tax cost of debt

Before tax cost of debt = 10%

Tax rate = 40%

After-tax cost of debt = (1-0.4) × 10% = 6%

After-tax cost of deb = 6%

7 0

4 years ago

Zoning ordinances have changed in the area adjacent to a residential neighborhood. The residents are incensed a retail shopping

vovangra [49]

Answer:

All of the above

Explanation:

The power be exercised in a reasonable manner. The provisions be clear and specific. Freedom from discrimination P.S. I got an A on this

Hopes this helps my loves :)

3 0

3 years ago

Freemore Company has the following sales budget for the last six months of 2018: July $205,000 October $187,000 August 168,000 N

lisabon 2012 [21]

Answer:

Cash collections for October are $174,600

Explanation:

The following information are given for the amounts collected on sales:

month of sale = 55%

month following sale = 35%

second month following sale = 7%

sales uncollectible = 3%

For the month of October, the cash collections will be from July and October sales.

From July sales

October is the month following July sales, therefore, 35% of the sales from July will be collected in October.

July sales = $205,000

percentage collected in October = 35% = 35/100 = 0.35

∴ cash collected in October from July sales = 0.35 × 205,000 = $71,750

From October sales

55% of sales is collectible in the month of sales

Sales in October = $187,000

55% = 55/100 = 0.55

∴ cash collectible from October sales = 0.55 × 187,000 = $102,850

∴ Total cash collections in October = cash from July sales + cash from October sales

= 71,750 + 102,850 = $174,600

5 0

3 years ago

Which is the most expensive form of advertising blank is the costliest mode of advertising as it includes buying air time and sh

Sveta_85 [38]

Answer:

Television Advertising is the most expensive form of advertising.

Explanation:

Television Advertising still the most powerful advertising. Even though internet has a huge access to households. TV still the only Mass Media electronic that is possessed almost by all houses in the world.

The Advertising in TV reaches a greater number of users than any other media. Because of this advertising in TV is extremely costly when compared to other mass media.

Big events such as the super bowl have an expensive fee for the companies that want to air an add. The most expensive add ever is No. 5 the Film (2004) is a 180-second short film directed by Baz Luhrmann for the perfume company Channel, this advertising had a budget of $33 million dollars.

4 0

4 years ago

A worker gets a raise of $120 per month and quickly decides to spend $90 of the money on necessities and the occasional luxury,

musickatia [10]

Answer:

MPC = 0.75

Explanation:

Marginal Propensity to Consume (MPC) is a part of Keynesian macroeconomic theory and is calculated by the change in consumption divided by the change in income. It quantifies the increased consumption which occurs with an increase in disposable income

$MPC = \frac{/Δconsumption}{/Δincome}$

$MPC = \frac{90}{120}$

$MPC = 0.75$

6 0

3 years ago

Which of the following is an example of the benchmarking function of the budgeting​ process?

Which of the following is an example of the benchmarking function of the budgeting process?