1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
elena-s [515]
3 years ago
12

What is a purpose of drawing up budgets in a business

Business
1 answer:
storchak [24]3 years ago
4 0
To estimate the amount of money needed so you don't run out.
You might be interested in
In November and December 2020, Crane Company, a newly organized magazine publisher, received $79200 for 1,000 three-year subscri
Varvara68 [4.7K]

Answer:

Crane should report $26,400 as subscription revenue in Income Statement

 

Explanation:

Amount received towards Subscription = $79,200 for 3 years

Subscription revenue to be recognized in Income Statement of 2020 =

= $79,200 / 3

= $26,400

7 0
4 years ago
What is currency exchange?
irga5000 [103]

Answer:

O B. The conversion of money from one system to another system

Explanation:

Currency exchange is converting the currency of a country into the currency of another country. It is the conversion of the country's A currency to the country's B currency. The rate of converting the currency of one country to another is the exchange rate.

Currency exchange takes place in the foreign currency exchange market.  Demand and supply factors determine the exchange rate between currencies of two countries.

4 0
3 years ago
Effective controls relevant to purchasing of raw materials should usually include all of the following except Obtaining third-pa
Paul [167]

Answer:

. Obtaining third-party written quality and quantity reports prior to payment for the raw materials

Explanation:

Purchases of raw materials can be regarded as purchases of all commodities that is required as inputs in the process of production as well as related to the supply of factors of production. It should be noted that Effective controls relevant to purchasing of raw materials should usually include; ✓Determining the need for the raw materials prior to preparing the purchase order.

✓Systematic reporting of product changes that will affect raw materials. Obtaining financial approval prior to making a commitment.

8 0
3 years ago
Which of these products is an example of perfect competition?
Lemur [1.5K]
A. grains correct me if im wrong
6 0
3 years ago
Edna has been tasked with maintaining her sorority database, which contains many elements of students' personal and academic inf
Trava [24]

Answer:

Gathering and Tracking the Unique Data

Explanation:

3 0
2 years ago
Other questions:
  • Scenario: An organization has recently suffered a series of security breaches that have significantly damaged its reputation. Se
    6·1 answer
  • According to the law of supply, if the price of electric ranges increased, everything else held constant (ceteris paribus), then
    11·1 answer
  • Stock A's beta is 1.7 and Stock B's beta is 0.7. Which of the following statements must be true, assuming the CAPM is correct. a
    15·1 answer
  • Exercise 3-05 The ledger of Whispering Rental Agency on March 31 of the current year includes the following selected accounts be
    9·1 answer
  • Mike has an insurance policy that pays 90% of the replacement cost of personal property damaged in a fire. A fire destroyed a st
    6·2 answers
  • Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant ra
    14·1 answer
  • Sophie is attending college next year. She just got information on the college costs and the financial aid package the college i
    13·2 answers
  • Thomlin Company forecasts that total overhead for the current year will be $11,742,000 with 164,000 total machine hours. Year to
    11·1 answer
  • By tying the salaries of top corporate managers to the price of the corporation's stock, corporations hope to avoid:
    5·1 answer
  • If a bank uses $100,000 to purchase a building for $80,000 and equipment for $10,000, the balance sheet at the end of the transa
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!