Answer:
a) difference.
Explanation:
As we know the budget represents the difference between the expected and the actual results
So as per the given situation, in the case when the amount of the expected and the actual results are not same or similar so it should be the budget difference
hence, the option a is correct
And, the rest of the options are incorrect
Answer:
B)Consult with key competitors about the optimal set of prices to charge, i.e., the prices that will maximize profits for our firm and its competitors.
Explanation:
The financial planning process can be regarded as series of steps which states best way of using money and investments as well as other assets so that financial goals can be potentially achieved. Most of the financial plans has its focus savings of goals as well as payoff goals even estate planning goals so that roadmap to financial freedom can be set.
The steps that can be taken in the financial planning process are;
✓ Forecast the funds that will be generated internally. If internal funds are insufficient to cover the required new investment, then identify sources from which the required external capital can be raised.
✓Develop a set of forecasted financial statements under alternative versions of the operating plan in order to analyze the effects of different operating procedures on projected profits and financial ratios
✓Determine the amount of capital that will be needed to support the plan. e. Monitor operations
Calculation
Period Cash Interest Bond Interest Discount Carrying
End paid Expense Amortization Value
01-Jan-21 $375,505,452
30-Jun-21 $25,200,000 $26,285,38 $1,085,382 $376,590,834
1-Dec-21 $25,200,000 $26,361,358 $1,161,358 $377,752,192
Total $50,400,000 $52,646,740
Answer: Option A
Explanation: In simple words, business plan refers to an outline of framework that guides an organisation regarding its operations in future.
Business plan helps the organisation and its employees to set the chain of activities they need to perform for achieving their goals. Business plans also helps to determine the amount of capital needed to finance the projects that further helps the organisation to seek outside funding.
Hence from the above we can conclude that the correct option is A.
