Answer:
True
Explanation:
The incremental budget technique is an important management accounting technique, which is prepared by making minimal changes in the previous budget. The budget is designed by allocating funds by using the preceding budget as a reference point. Incremental budget encourages spending up to the budget. It also helps to make sure that a reasonable budget is allocated for the next period.
Answer:
d. the complex set of ideologies, symbols, and core values that are shared throughout the firm.
Explanation:
When accounting for the general fund, the encumbrances control account is credited when: purchase order is filled or canceled.
<h3>
What do you mean by general fund?</h3>
A general fund is defined as the fund which is known as the primary operating fund of a governmental unit. Most of the usual activities are supported by general fund.
On the other hand, the encumbrance control account is defined as settlement under which the some amount of money keep aside to meet the anticipated expenses.
For example, the reserve is used for maintaining the contract or purchase order.
Learn more about general fund, refer to the link:
brainly.com/question/24020252
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Answer:
The answer is "A"
Explanation:
Cumulative interests are counted by one plus the annual interest rate adjusted to the cumulative periods of less than one. The first principal sum is determined by one. The cumulative sum of the initial loan is then deducted from the calculation.
Formula:
That's why we apply the above formula to calculate the annual interest rate.
Answer:
6.78%
Explanation:
Data provided in the question:
Total return i.e nominal rate = 15% = 0.15
Real return = 7.7% = 0.077
Now,
Inflation rate = - 1
on substituting the respective values, we get
Inflation rate = - 1
or
Inflation rate = [ 1.15 ÷ 1.077 ] - 1
or
Inflation rate = 0.0678
or
Inflation rate = 0.0678 × 100% = 6.78%