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Naya [18.7K]
3 years ago
14

Standards differ from budgets in that

Business
1 answer:
Setler [38]3 years ago
3 0

Answer:

D) budgets are a total amount and standards are a unit amount.

Explanation:

For each given choice in the question explanation is provided below as to why its or its not the correct answer.

A) only budgets contribute to management planning and control.

Both budgets and standards contribute in the planning and control are of the company. Therefore, this option is incorrect.

B) budgets but not standards may be used in valuing inventories.

Once gain both are used for valuing inventory, this is due to the fact that budget contains details gathered in standard costing. Therefore, this option is incorrect.

C) budgets but not standards may be journalized and posted.

Both the budget and standard are journalized and posted in the accounting system. Therefore, this option is incorrect.

D) budgets are a total amount and standards are a unit amount.

As standards are unit amounts which contributes in preparing the budget which are total amounts.

Hence, option D is correct.

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Jean Jaques Rousseau
sweet-ann [11.9K]

Jean-Jacques Rousseau (<span>/<span>ruːˈsoʊ</span>/</span>;[1] French: [ʒɑ̃ʒak ʁuso]; 28 June 1712 – 2 July 1778) was a Genevan philosopher, writer, and composer of the 18th century, mainly active in France. His political philosophy influenced the Enlightenment across Europe, as well as aspects of the French Revolution and the overall development of modern political and educational thought.

Rousseau's novel Emile, or On Education is a treatise on the education of the whole person for citizenship. His sentimental novel Julie, or the New Heloisewas of importance to the development of pre-romanticism[2] and romanticism in fiction.[3] Rousseau's autobiographical writings—his Confessions, which initiated the modern autobiography, and his Reveries of a Solitary Walker—exemplified the late 18th-century movement known as the Age of Sensibility, and featured an increased focus on subjectivity and introspection that later characterized modern writing. His Discourse on Inequality and The Social Contract are cornerstones in modern political and social thought.

During the period of the French Revolution, Rousseau was the most popular of the philosophes among members of the Jacobin Club. He was interred as a national hero in the Panthéon in Paris, in 1794, 16 years after his death.


4 0
3 years ago
During a severe recession Congress passes legislation to cut taxes, this would be an example of a(n): g
Doss [256]

Answer:

expansionary fiscal policy.

Explanation:

Fiscal policy in economics refers to the use of government expenditures (spending) and revenues (taxation) in order to influence macroeconomic conditions such as Aggregate Demand (AD), inflation, and employment within a country. Fiscal policy is in relation to the Keynesian macroeconomic theory by John Maynard Keynes.

A fiscal policy affects combined demand through changes in government policies, spending and taxation which eventually impacts employment and standard of living plus consumer spending and investment.

Basically, an expansionary fiscal policy will cause the total increase in aggregate demand to be greater than the initial increase in aggregate demand due to the multiplier process.

Hence, if during a severe recession, Congress passes legislation to cut taxes, this would be an example of an expansionary fiscal policy.

According to the Keynesian theory, government spending or expenditures should be increased and taxes should be lowered when faced with a recession, in order to create employment and boost the buying power of consumers.

5 0
3 years ago
Greenbelt Construction has been a successful small home-building firm for years. The owner pays subcontractors slightly more tha
kipiarov [429]

Answer: Option (E)

Explanation:

Supply chain management is referred to as or known as broad/wide range of activities which are required in order to control, plan, and execute a commodity's flow, i.e. from the primary stage of acquiring raw material and thus production to the final stage of distribution to consumer, in most streamlined, efficient and effective way that is possible.

In other words it encompasses or encloses integrated execution and planning of a procedure which is required in order to optimize flow of the material, financial capital and information in areas which include sourcing, demand planning, production, storage and inventory management, logistics and also the return of defective products.

4 0
3 years ago
For federal tax purposes, which of the following is true regarding lump-sum life insurance benefits?
Lorico [155]

Based on the information given, it should be noted that all proceeds are income tax free in the year that they're received.

<h3>What is tax?</h3>

A tax simply means a compulsory levy that's paid by the people or companies to the government. It's important to achieve economic development.

For federal tax purposes regarding lump-sum life insurance benefits, it should be noted that all proceeds are income tax free in the year that they're received.

Learn more about tax on:

brainly.com/question/9437038

7 0
2 years ago
When the goods are sold, their costs are transferred from work in process to finished goods.
lara31 [8.8K]
The statement is false. When goods are sold, their cost are transferred from finished goods to sold items.
5 0
3 years ago
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