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rusak2 [61]
4 years ago
13

According to the course materials, budgeting should be: a. Rigid with significant personal penalties if you miss your goal b. Ab

solutely accurate with no possibility for mistakes c. Flexible d. Completed once-a-year
Business
1 answer:
gavmur [86]4 years ago
4 0

Answer:

C) Flexible

Explanation:

The whole concept behind budgeting is that future costs are estimated. As always when you estimate some future event, there is a fair chance that your estimate will be mistaken.

No matter how well thought, calculated and recalculated your budget is, it usually only serve as a parameter. The fact that budgeting is not exact is not always bad, since your business sales can be higher than expected, so your whole production and costs budgets will be wrong, but for a good reason.

That is why budgets must always be flexible and easily adaptable to changes, either good or bad changes.

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Explanation:

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4 years ago
Economists argue that:_______.
lawyer [7]

Answer:

d. ​every decision has an opportunity cost.

Explanation:

Opportunity cost is the next best option forgone when one alternative is chosen over other alternatives.

Accounting cost only includes explicit cost.

Economic cost includes both implicit and explicit Cost.

economic decisions dont include sunk costs. 

I hope my answer helps you

4 0
4 years ago
Miami Mutual Bank purchases a two-year interest rate cap for a fee of 3 percent of notional principal valued at $20 million, wit
vagabundo [1.1K]

Answer:

Interest Rate Collar

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This strategy called the Interest Rate Collar.

The Interest rate collar is an option that is used to hedge the interest rate exposure. It protects the borrower from the risk of increasing the interest rate and also decided a floor declining rate by purchasing an interest rate cap.

In the given scenario the Miami Bank will receive when the interest rate crosses the cap of 11% and pay when there is a decrease below the floor rate of 8% on the principal value.

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4 years ago
The total amount of producer surplus in a market is equal to the area above the market supply curve and below the market price
Maksim231197 [3]
Hello
the answer would be false
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7 0
3 years ago
Does the market system result in allocative​ efficiency? in the long​ run, perfect competition
Inga [223]
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