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Anna35 [415]
3 years ago
7

Which of the following is an example of the benchmarking function of the budgeting​ process? A. The budget outlines a specific c

ourse of action for the coming period. B. A budget demands integrated input from different business units and functions. C. Budgeting requires close cooperation between accountants and operational personnel. D. Budget numbers are used to evaluate the performance of managers.
Business
1 answer:
ivolga24 [154]3 years ago
3 0

Answer:

Answer for the bench marking function of the budgeting​ process is option

<u>C) Budgeting requires close cooperation between accountants and operational personnel. </u>

Explanation:

Bench marking is setting a standard.

During the budgeting process, it can be overwhelming to put together a strategic plan that will suffice for a period. That is where bench marking comes in to aid the procedure.

Instead of just having to guess at your key business numbers, you can look at industry standards by consulting with the accounting and operational personnel before you put your budget together.

For example, industry benchmarks can help you figure out what percentage of your sales most companies spend on marketing and what your margin should be on every sale.

You can use this method for lots of other metrics, including profits, marketing spend, inventory to keep on hand, and cash flow metrics like accounts payable and accounts receivable.

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Answer:

This lease is  regarded and classified  as Capital lease.

Explanation:

This lease is  regarded and classified  as Capital lease.

Here, Callaway Golf Co. is the body financing the leased asset but the right ownership is with Photon Company.

Now; the present value of future payment is calculated as:

Present value of future payment =[PVA 6%,5 × Annual payment ]+[PVF 6%,5 × Residual value]

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However the present value of minimum lease payment is equal or more than 90% fair market value ,as such we therefore conclude that this  lease is a capital lease.

3 0
3 years ago
You smart ?? Help pleasss
Schach [20]
B, because the average customer would want 2
3 0
2 years ago
When actual revenue ______ what the revenue should have been, the variance is labeled favorable.
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When actual revenue <u>exceeds</u> what the revenue should have been, the variance is labelled favourable.

Hope that helps!

6 0
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In California, Arthur wants to personally place business with RTS Insurance Company who is a nonadmitted carrier. The only way A
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California Professional code of conduct for insurance agent does not permit unethical placement, as the regulator view such as fraudulent practices.

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3 years ago
What is broad​ averaging, and what consequences can it have on​ costs?
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