Answer:
B. participatory approach budgets should be prepared using a top-down approach
Explanation:
Option A is incorrect because it is one of the significant guidelines for budgeting.
Option C is a budgeting guideline which helps to differentiate the actual and budgeted amounts.
Option D is an important element to attain the objectives through budgeting. Therefore, it is incorrect.
Option B is the answer as there is no option to prepare the budget using a top-down approach.
Answer:
Advertising increases aggregate demand
Explanation:
If a store is selling some candy, no-one will know about the candy if they aren't told. If a child sees an advert about that candy and gets interested, he/she would beg their parents to get it for them. If 80 out of a population of 100 children see the advert and half of the them are allowed to buy the candy, the demand for that candy has already risen by nearly 50% of the children in that area.
Answer:
B.overstatement of assets and an overstatement of owners' equity.
Explanation:
To recognize depreciation expense,the entries required are
Debit depreciation expense
Credit Accumulated depreciation
The accumulated depreciation is a credit balance in the fixed asset account. Depreciation is also an expense that reduces net income and thus reduces the owners equity.
Hence an mission of the adjusting entry to record depreciation expense will result in an overstatement of assets and an overstatement of owners' equity.
I dont exactly know if this is right, but i would say "crash" if youre being asked to fill in the blank. Thats what I would put. If you continue to drive while someone is in front of you, and you don't take any action to prevent it, you would crash into them. Sorry if this wrong, there wasnt much explanation!
Answer:
Orange juice, apple juice, cranberry juice, and lychee juice are all product items of Elsem Foods.
Explanation:
A product item is a specific type or variety of product that is different than other products that a company sells.
In this case orange, apple, cranberry and lychee juices are all product items which are part of the tropical fruit juices product line of Elsem Foods.
Elsem's product mix would include chips, cupcakes, candies, crackers, fruit juices, and carbonated drinks (all the product lines that Elsem sells).
