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emmainna [20.7K]
3 years ago
6

1 of 5) What makes a Project budget different from a Living budget? A. A project budget will never have a surplus B. A project b

udget is not used to increase savings C. A project budget is only for a specific period of time D. A project budget is usually on paper
Business
2 answers:
Flauer [41]3 years ago
8 0

Answer:

A) A project budget will never have a surplus.

Explanation:

Project budget is the easiest kind of budget an individual or firm can make because it does not require constant managing especially in long term situations. It is usually done just once like the name implies. When project budget is mentioned, it means any amount or income made will be dedicated to fixed expenses. One component of project budget is its ability to maximize surpluses. Rather than have a surplus, it allocates them to expenses in need of income.

The living budget is adjusted over time. It I'd not like project budget which is done only once. This budget entails all financial activities embarked on during a period. The aim of a living budget is to protect savings and other financial goals a person or firm has

amm18123 years ago
8 0

Answer:

The correct answer is letter "C": A project budget is only for a specific period of time.

Explanation:

Project budgets reflect the total amount of resources a company needs to carry out a plan. It lists the detailed expenses necessary for the project to take place and after the project is realized the budget serves for no other purpose.  

Living budgets, in contrast, are those created based on the historical activity of the company. It tends to be adjusted during the period to reflect the current activity of the company but, in general, it is reused over several different periods.

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A company is interested in monitoring the average time it takes to serve its customers. An appropriate control chart would be:
gogolik [260]

Answer:

X-bar chart

Explanation:

In industrial statistics, the X-bar chart is a type of Shewhart control chart that is used to monitor the arithmetic means of successive samples of constant size, n. The X-bar chart shows how the mean or average changes over time .For example, one might take a sample of 5 shafts from production every hour, measure the diameter of each, and then plot, for each sample, the average of the five diameter values on the chart.  For the purposes of control limit calculation, the sample means are assumed to be normally distributed, an assumption justified by the Central Limit Theorem.

5 0
3 years ago
You want to quit your job and return to school for an MBA degree 3 years from now, and you plan to save $5,000 per year, beginni
dexar [7]

Answer: $16,614.78

Explanation:

As you are making a constant deposit every year beginning immediately, this is an Annuity due.

The value in 3 years will be:

= Amount deposited * (1 + i)  * (( 1 + i) ^n - 1) / i

= 5,000 * (1 + 5.2%)  * (( 1 + 5.2%)³ - 1) / 5.2%

= $‭16,614.78304‬

= $16,614.78

6 0
3 years ago
Schuepfer Inc. bases its selling and administrative expense budget on budgeted unit sales. The sales budget shows 2,600 units ar
NISA [10]

Answer:

$39,720

Explanation:

Total fixed costs that represent current cash flows = $35,760 - $4,100

Total fixed costs that represent current cash flows = $31,660

Variable costs = 2,600 units * $3.10

Variable costs = $8,060

The cash disbursements for selling and administrative expenses on the March selling and administrative expense budget will be

= $31,660 + $8,060

= $39,720

6 0
3 years ago
Jenny manages sales dealership of high-end luxury brand of automobile. Her target market is limited to a specific social class,
Alborosie

Answer:

The correct answer is letter "A": cheapening his brand .

Explanation:

Businesses of luxury objects such as advanced-technology vehicles have a differential advantage related to other carmakers. Most of their customers prefer those cars because they give them a certain status in society and are accessible to a few people because of the high prices.

Then, <em>if Jeff's companies decide to manufacture cars for the middle class, the dealer risks cheapening the brand but the number of customers could exponentially increase.</em>

7 0
4 years ago
What is the movement of an economy from one condition to another and back again
pav-90 [236]

The business cycle is the movement of an economy from one condition to another and back again. The business cycle is also known as the economic cycle or trade cycle. This cycle represents the movement of resources from one end and their comeback at the same end after revolving. It can be understood as a businessman invests money in the business in the form of costs and the money comes back in the form of revenue or sales.


Hence the answer is the <u>Economic cycle</u>


3 0
3 years ago
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