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
sleet_krkn [62]
4 years ago
6

In a company that employs continuous budgeting on a quarterly basis and has an accounting period that ends December 31 of each y

ear, what period would the first revision and update to the January through December 2017 budget cover? Multiple Choice January 2018-December 2018 March 2017-February 2018 February 2017-January 2018 April 2017-March 2018 December 2017-November 2018
Business
1 answer:
Kisachek [45]4 years ago
5 0

Answer:

The correct option is April 2017-March 2018

Explanation:

Since the company adopts a continuous quarterly budgeting,in 2017,the first revision and update would take place immediately after the first quarter.

The first quarter of the year ends on 31st March based on a January to December year end,the first revision and update would take 1st day of April 2017,hence the first revision and update would cover a one year period of April 2017 to March 2018,while the second update and revision would be expected July 2017 to June 2018

You might be interested in
The three categories of managers that stand out with regard to ethical and moral principles in business affaris are
pshichka [43]
Moral managers, amoral managers and immoral mamangers 
4 0
3 years ago
Lee, an attorney, uses the cash receipts and disbursements method of reporting. A client gave Lee 500 shares of a listed corpora
Varvara68 [4.7K]

Answer:

$8,000

Explanation:

Based on the information given we were told that the stock had a FAIR MARKET VALUE of the amount of $8,000 on the date it was given to Lee which therefore means that In Lee's income tax return, the amount of INCOME that should be reported in connection with the receipt of the stock will be the FAIR MARKET VALUE of the amount of $8,000.

3 0
3 years ago
jackson's programming paid its june rent of $500 cash. demonstrate how to use the accounting equation to record the transaction
Irina-Kira [14]

Answer: Jackson would decrease CASH and increase EXPENSES in the accounting equation.

Explanation: Jackson would lose cash by spending his money and his Living expenses will also rise along with it.

7 0
1 year ago
You manage a department of five employees. You have identified that Joe has high need for achievement, Mary has high need for po
Crazy boy [7]

Answer:

Joe

Explanation:

Because of Joe's need for achievement, he will take the extra responsibility to do a good job, meaning there will be a high level of personal responsibility.

Also I'm order to achieve success Joe will make sure to effectively give feedback, to verify he is on track to complete the job successfully.

6 0
3 years ago
A 48-year-old woman quits her high-paying marketing job to focus on her children and become a school counselor.
neonofarm [45]

Answer: Generativity vs Stagnation

Explanation:

Eric Eriksson postulated 8 stages of psychosocial development. These stages are;

1. Trust vs mistrust

2. Autonomy vs shame and doubt

3. Initiative vs guilt

4. Industry vs inferiority

5. Identity vs role confusion

6. Intimacy vs isolation

7. Generativity vs. Stagnation

8. Ego Integrity vs. Despair

Generativity vs. Stagnation stage occurs at adulthood 40-65yrs. At this stage, people want to live a legacy by giving back to society. This includes taking time to train their children. This stage is associated with care.

4 0
4 years ago
Other questions:
  • You have been offered a project paying​ $300 at the beginning of each year for the next 20 years. What is the maximum amount of
    13·1 answer
  • Which of the following forms of business structure provides limited liability for the personal assets of the owners? a. sole pro
    14·1 answer
  • True or False: This fact violates the efficient markets hypothesis because the efficient markets hypothesis argues that it is im
    10·1 answer
  • Spring Company uses activity-based costing to allocate their overhead costs. Setup costs ot $100,000 are based on number of batc
    5·1 answer
  • Ann and Bob form Robin Corporation. Ann transfers property worth $420,000 (basis of $150,000) for 7 share in Robin Corporation.
    12·1 answer
  • Both the Army and Marine Corps have a capability need to procure additional helicopters beyond the number specified in the curre
    7·1 answer
  • Stimulating demand is especially important when a firm is using a pull strategy.
    5·1 answer
  • Which of the following is a reason to obtain professional certification?a. Certification provides credibility that an individual
    15·1 answer
  • The European Union (EU) bans the importation of hormone-fed U.S. beef and bioengineered corn and soybeans on safety grounds alth
    8·1 answer
  • What do economists call the situation where a hired manager does not have the same interests as the owners of the business?
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!