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Dafna11 [192]
3 years ago
11

What is the purpose to draw up budgets in a business?

Business
2 answers:
emmainna [20.7K]3 years ago
7 0
There are several purposes of drawing a budget in a business, such as :

- As a tool for making decisions
- It could be used to monitor your current business activity performance
- You can predict the flow of revenue and expenditure in the future

Hope this helps
AVprozaik [17]3 years ago
6 0
What is the purpose to draw up budgets in a business?

Answer: The purpose to draw up budgets in a business is to limit how much money is spent on certain operations that the business has. This budgets also help in keeping track of the expense accounts to ensure that money is not being wasted on nonessential items or resources.

I hope it helps, Regards.
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There are two nations that, using all of their resources, both produce lemon drops and boxes. Nation A can produce either 300 le
In-s [12.5K]

Answer:

I drew the production possibilities frontier curve for both nations, A and B, and attached it.

Explanation:

7 0
3 years ago
What were the main reasons grange decided to leave school in order to start his own team?
aleksandr82 [10.1K]
One of the main reason is He <span>Knocked out in one of the games during high school. Grange remained unconscious for two days after the blow and started to experience difficulity in speaking. This make his career became really blurry and none of the team want to sign him. In the end, he had to make his own team.</span>
3 0
3 years ago
A bankrupt who owns a house has the option of either paying the mortgage or losing his home. The court cannot reduce the amount
Olin [163]

Answer: I will vote in favor of the bill.

Explanation:

Based on the above scenario, I would vote in favor of the bill. The argument here is in the case of bankruptcy, if an individual is willing to pay their dues but because of unavoidable financial circumstances, the individual seeks more time or other assistance which can help so that the person will later pay. I believe it's a good idea which should be supported by the law.

The court should have the right to decide terms of mortgages to help debtors in order for them to pay their debts in future rather than forcing them to leave the house. It will also help the country deal with issue of facilitating housing to maximum number of individuals.

In my opinion, the judge's decision should be given prime importance as the judge must evaluate the intention of the debtor and the capability of the debtor to pay the debts

7 0
3 years ago
Capital markets can be divided into four main categories: private equity, public equity, private debt, and public debt. An examp
scoray [572]

Answer:

<u>Real Property </u>

Explanation:

Capital markets refer to the market which trades in long term securities whose maturity is more than an year.  The instruments traded in capital markets are usually stocks and bonds.

In private equity real estate, public and private investments are pooled together and invested in the real estate property markets. So here the underlying asset whose price fluctuates is property. If property prices soar, the investors stand to gain.

This kind of investment involves high risk but is also capable of generating a higher return as greater the risk involved, greater the return.

3 0
3 years ago
Runyon Inc. reported the following results from last year’s operations: Sales $ 16,800,000 Variable expenses 12,230,000 Contribu
Andre45 [30]

Answer:

Turnover is equal to 2.40

Explanation:

Consider the following equation to calculate the turnover

Turnover = Sales /Average operating assets

= 16.800.000/7000000=

2.4

<em />

<em>Turnover is an accounting concept that calculates how quickly a business conducts its operations.</em>

 

4 0
3 years ago
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