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Anna35 [415]
4 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]4 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:

Democratic leadership style

Explanation:

Based on the information provided it seems that Nikki's workplace has a Democratic leadership style. This refers to a type of leadership style in which the members of the group take a participative role in the decision-making process. The phrase "taking something everyone does every day and doing it slightly different." shows that the company allows it's employees to make their own decisions as long as they get the desired results.

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3 years ago
The brandenburg family makes $7,000 per month. About $1,800 goes toward taxes and savings. They spend $5,200 on goods and servic
Debora [2.8K]

The money goes toward marketing activities is $2,600

What is the composition of the family spending monthly?

The family's monthly expenditure is made up of taxes and savings, goods and services and the balance is to be spent on marketing activities.

In other words, the amount that goes towards marketing activities is the excess of the family take-home monthly over the amounts spent on taxes and savings and goods and services respectively.

Total earnings monthly=$7000

sum of goods and services and taxes and savings=$1800+$5,200

sum of goods and services and taxes and savings=$7,000

spend on marketing activities=$7000-$7000

spend on marketing activities=$0

However, the principle is that the family should be able slash the amount spent on goods and services by half in order to make money available for marketing activities, hence the amount for marketing is $2,600($5,200*1/2)

Find out more about family expenditure on:brainly.com/question/5502247

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2 years ago
Which of the following types of business usuallly has the fastest invetory turn over ?
Irina18 [472]
D grocery store.

I looked on yahoo for answers and most of the people said grocery store. Someone said that “Grocery stores would see more sales per day.”
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3 years ago
A magazine company's Unearned Revenue account had a balance of $12,700 on January 1, 2013. On December 31, 2013, as part of the
crimeas [40]

Answer:

The  amount of cash received by the magazine company as advance payments from customers during the year 2013 must have been $14,400.

Explanation:

Let cash received from customers be x :

$12,700 + x - $14,800 = $12,300

                                  x = $14,400

Therefore, The  amount of cash received by the magazine company as advance payments from customers during the year 2013 must have been $14,400.

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