All categories

3 years ago

The budgeting process does not involve which of the following activities?

Business

1 answer:

Vera_Pavlovna [14]3 years ago

8 0

Answer:

Increase in sales by increasing marketing efforts.

Explanation:

A budget can be defined as a financial plan which is used to make an estimate of the amount of amount that goes in and comes out. It can also be described as a financial plan that controls expensenses, resources, debts within a specific period of time.

Budgeting is carried out inorder to maintain and control an individual or an organization income so as to avoid wastage of resources. Budgeting keeps an individual or organization focused on achieving their different goals and objectives.

You might be interested in

A few years ago, Michael purchased a home for $380,000. Today the home is worth $336,000. His remaining mortgage balance is $142

Vaselesa [24]

Answer:

The maximum amount he can borrow is $126,800.

Explanation:

Given:

Michael purchased a home for $380,000.

Market value of home = $336,000.

Current mortgage balance = $142,000.

Rate of borrowing at the market value = 80%.

Now, to find the maximum of amount Michael can borrow.

So, we find first the maximum mortgage amount:

Maximum mortgage amount = 80% of market value.

$=\frac{80}{100}\times 336,000$

$=0.80\times 336,000$

$=\$268,800.$

As, he still owes $142,000 mortgage in his home.

Now, to get the maximum amount he can borrow we use formula:

Maximum amount he can borrow = Maximum mortgage amount - Current mortgage balance.

Maximum amount he can borrow $=\$268,800-\$142,000$

Maximum amount he can borrow $=\$126,800.$

Therefore, the maximum amount he can borrow is $126,800.

6 0

3 years ago

C(a) The beginning balance of the supplies account was $245. During the month the company bought additional supplies in the amou

adelina 88 [10]

Answer:

Adjusting entry

No Account & Explanation Debit Credit

a) Supplies Expense $637

(245+735-343)

Supplies $637

(To record supplies adjusted)

b) Interest expense $170

Interest payable $170

(To record accrued interest)

c) Wages and salaries expense $5350

Wages & salaries payable $5350

(To record wages and salaries expense)

d) Unearned fees $27600

(46000*60%)

Fees earned $27600

(To record fees earned)

e) Account receivable $5700

Fees earned $5700

(To record fees earned)

4 0

2 years ago

Milli Company plans to discontinue a division that generates a total contribution margin of $20,000 per year. Fixed overhead ass

Alenkasestr [34]

Answer:

Increase in operating income $25,000

Explanation:

The effect of the discontinue on operating income is shown below:

Fixed overhead cost ($50,000 - $5,000) $45,000

Less: contribution margin per year -$20,000

Increase in operating income $25,000

We simply deduct the contribution margin from the fixed overhead cost so that the increase in operating income could come

8 0

2 years ago

As a manager, you meet with each of your team members quarterly to review their progress toward their written and agreed-upon go

Natali [406]

Answer: d. Recognize the economic reality of Claire's territory and change her goals to make them ambitious but realistic.

Explanation: a,b and d are all punishments and will cause the company to lose a valuable and hard-working member which does not make sense since it is not her fault. c. is not a very option either as it would involve relocating Claire which she may not want, is not necessarily fair to the new sales rep, and could potentially cause profit and sales to go down even further by having a new sales rep work this territory. c. d. is the best option because it will be kinder to Claire and will keep the company running smoothly.

Hope this helps! :)

3 0

2 years ago

Marta needs an electrician to do some work at her home. Her father advises her to make sure that the firm she plans to hire is n

igomit [66]

Answer:

A firm that requires union membership by its workers as a condition of employment.

8 0

3 years ago