Answer:
Arbitrary allocation.
Explanation:
Arbitrary allocation is a method where costs budgeted are not based on any precise measurement,hence accurate costs could not be arrived at.
This approach to budgeting breeds inefficiencies as the accurate budgeting is expected to lead to accurate costing of products as well as pricing.
All in all,the true profitability of a business cannot be ascertained.
Finally,the organization adopting this type of approach needs to change to other accurate methods of budgeting such incremental or rolling budgeting.
Answer:
B) the text.
Explanation:
A formal proposal is a written plan conveying an essential idea being put forward for consideration by potential investors or businesses.
A formal report is a concise document containing facts about an investigation and analysis of an issue or event for a specific purpose.
The difference between formal proposals and other formal reports lies mainly in the text.
C the geographical location of a business
Answer:
b. $2,000
Explanation:
The computation of the interest amount is shown below:
= Sale value of goods × rate of interest × (number of months ÷ total number of months in a year)
= $40,000 × 10% × (6 months ÷ 12 months)
= $2,000
The 6 months is calculated from June 30 to December 31.
So, the b option is correct and rest options are wrong.