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3 years ago

When is a budget considered to be balanced??

1 answer:

7 0

<span>A budget is said to be balanced when total revenues are equal to, or greater than total expenditures; i.e when there's no budget deficit. Budget deficit, by contrast, is the result of expenses toppling revenues. Revenue is the income a business, company, or government generates from its normal or tax activities, also referred to as a turnover; while expenditures is cost incurred or required for something, say a project. When the budget has nothing to offset, or when there's a budget surplus i.e when revenues exceed expenses, then the budget is said to be balanced.</span>

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When an interviewer says, “Tell me about yourself,” you should feel free to talk openly about your personal life.

Leya [2.2K]

Answer:

False

Explanation:

You should tell them about your personality and how others see you. Take for example your strengths and weaknesses as a person, or about your traits. If they ask you about your personal life keep it brief, they don't need too much info about that rather a small aspect of it.

4 0

3 years ago

Read 2 more answers

Silver Inc. has budgeted production costs of $3,000,000, budgeted beginning finished goods inventory of $390,000, and budgeted e

Pavlova-9 [17]

Answer:

Budgeted cost of goods sold = $3,150,000

Explanation:

Given:

Budgeted beginning finished goods inventory = $390,000

Budgeted production costs = $3,000,000

Budgeted ending finished goods inventory = $240,000

Find:

Budgeted cost of goods sold

Computation:

Budgeted cost of goods sold = budgeted beginning finished goods inventory + budgeted production costs - budgeted ending finished goods inventory

Budgeted cost of goods sold = $390,000 + $3,000,000 - $240,000

Budgeted cost of goods sold = $3,150,000

4 0

3 years ago

When organizations are in dynamic and uncertain environments, their effectiveness depends on being able to adapt quickly to c

viktelen [127]

Answer:

Organic

Explanation:

When organizations are in dynamic and uncertain environments, their effectiveness depends on being able to adapt quickly to changing customer tastes and preferences, which requires a more organic design.

In a dynamic and uncertain environment a mechanistic design will be inapplicable but organic

An organic organization is best applied to businesses that apply a more open business structure which is needed in order to quickly respond to the dynamics (changes) and uncertainty in the business environment. The structure gives the organization the flexibility to deal with fast-paced environmental change and many different elements.

3 0

3 years ago

Which of the following statements regarding Federal Reserve independence is incorrect?

hichkok12 [17]

Answer:

The correct answer is option D

D. The 14-year non-renewable terms for governors effectively insulate the Board of Governors from political pressure

Explanation: Option D is incorrect regarding federal reserve independence.

8 0

3 years ago

Excerpts from Huckabee Company's December 31, 2021 and 2020, financial statements are presented below: 2021 2020 Accounts receiv

Setler79 [48]

Answer:

71.57 days

Explanation:

For computing the average collection period first we have to determine the account receivable turnover ratio which is shown below:

Account receivable turnover ratio = Credit sales ÷ average accounts receivable

where,

Average accounts receivable = (Opening balance of Accounts receivable + ending balance of Accounts receivable) ÷ 2

= ($75,000 + $83,000) ÷ 2

= $79,000

And, the net credit sale is $403,000

Now put these values to the above formula

So, the answer would be equal to

= $403,000 ÷ $79,000

= 5.10 times

Now

Average collection period in days = Total number of days in a year ÷ accounts receivable turnover ratio

= 365 days ÷ 5.10 times

= 71.57 days

5 0

3 years ago