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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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George offers to sell his car to Suzy for $10,000 on the coming Sunday, to which Suzy agrees. They write down the details on a p
max2010maxim [7]

Answer:

Promissory estoppel

Explanation:

Promissory estoppel means that in legal tenet that a promise or pledge can be enforced by law, actually if formulated without legal consideration, if the George now the (promisor) has made a pledge to a Susy the (promises) who then depends on that promise for a subsequent detriment. So what Promissory estoppel is expected to do is to stop the (George) promisor from insisting that an underlying promise should not be legally authorized or implemented. So Susy can sue George on the basis of promissory estoppel and get a reward for George's disappointment

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3 years ago
At the end of a full year mary garber had $6248.95 in her saving account. If the rate of interest was 12.253%, how much money di
allochka39001 [22]

Answer:

$5,566.84

Explanation:

to determine the amount of money that Mary had in her account at the beginning of the year we can use the resent value formula:

present value (PV) = future value (FV) / (1 + interest rate)ⁿ

where:

  • FV = $6,248.95
  • interest rate = 12.253%
  • n = 1

PV = $6,248.95 / (1 + 12.253%) = $6,248.95 / 1.12253 = $5,566.84

4 0
3 years ago
Question 10 of 10 Which of the following is the largest student organization and focuses on developing business leaders?
siniylev [52]

Answer:

Alpha Kappa Psi is among the largest business student organizations on campus. Known for developing principled business leaders, Alpha Kappa Psi is the world's oldest business fraternity.

4 0
1 year ago
Valuation of a swap during its life will least likely involve the:
crimeas [40]

Valuation of a swap during its life will least likely involve in the application of the principle of no arbitrage.

<h3>What is Swap?</h3>

Swap involves two individual that exchanging properties or money. This individual use different tools for the exchange as desired by them.

Arbitrage allows for sale of goods or property at the highest asking price and valuation will most like involve in it.

Therefore, valuation of a swap during its life will least likely involve in the application of the principle of no arbitrage

Learn more on swap below,

brainly.com/question/22298763

#SPJ12

3 0
1 year ago
Why might a broker look at world news and finnancial data?
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A broker works with stocks and the value of a company. The world news effects business status. If oil in Iran was getting pricy then oil companies value with change. If he’s invested in oil companies or is interested, this will affect his choice.
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2 years ago
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