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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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Especially in terms of retail properties, which of the following attributes is considered the most likely to result in drastic v
weqwewe [10]

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C. Location attributes

Explanation:

According to my research on property value attributes, I can say that based on the information provided within the question the attribute that can drastically change a properties value is the Location Attribute. This is because Real Estate value depends mostly on it's location. For Example, if a house is in a good neighborhood it can be worth a lot more than a house in another location, but if that same neighborhood then becomes a drug trafficking/gang hotspot the price of that house drops drastically because no one wants to purchase it.

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3 years ago
A single database that collects data and feeds it into applications that support each of the company's business activities, such
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a) true

Explanation:

The Enterprise resource planning system is a single database that helps to collect data and feed into applications with a motive to support the various business activities like - purchases, production, distribution, sales, marketing, finance, human resource, information technology, etc

The aim of this system is to conduct each and every business activity in an effective and efficient manner so that each one can share the database so that tracking could be done that helps to reduce the time and cost.

4 0
3 years ago
He georgetown, south carolina, traffic division reported 40% of high-speed chases involving automobiles result in a minor or maj
stellarik [79]

Answer: The probability that 25 or more out of 50 high speed chases result in minor or major accidents is 0.097807364  or 9.781%.

The rate of accidents at 0.40 is a constant rate, and hence we can use the binomial distribution to calculate the probability.

The formula for computing the probability with the binomial distribution is:

P(X=x) = _{n}C_{x}*p^{x}*q^{n-x}

where

N  is number of trials  = 50

p is probability of of a hit in a single trial. In this case, p = 0.40

q is probability of of a miss in a single trial. Now q = 1 - p; q = 1 - 0.4 = 0.6 for this question

x will take on the whole numbers from 25  and continue upto 50

The questions asks us to compute the probability that 25 or more chases will result in an accident.  

We express this as P( X≥ 25) mathematically.

We can also express P( X≥ 25)  as P (x=25) + P(x=26) + ................ + P(50) i.e the sum of all the individual probabilities when x assumes each of the values from 25 upto 50.

That's why x will take on each of the whole numbers from 25 to 50.

We can compute P( X=25) by substituting the values in the formula above.

P(X=25) = _{50}C_{25}*0.4^{25}*0.6^{50-25}

P(X=25) = \frac{n!}{x!*(n-x)!}*0.4^{25}*0.6^{50-25}

P(X=25) = \frac{50!}{25!*(50-25)!}*0.4^{25}*0.6^{50-25}

P(x=25) = 0.040463604

Similarly we need to compute the probabilities for x =26, 27 and so on until x =50. The sum total of all these probabilities the answer.

The workings have been made in excel and are attached to this answer as a picture.

4 0
3 years ago
For a given company, total assets are $260,000, current liabilities are $10,000, long-term liabilities are $60,000, common stock
VLD [36.1K]
1. $140,000

2.$120,000

3.$190,000

4.$110,000

5.$160,000
3.$190,000
4 0
3 years ago
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