In the context of business management, the purpose of budgeting includes the following three aspects:
•A forecast of income and expenditure (and thereby profitability)
•A tool for decision making
•A means to monitor business performance
Answer:
A. $7500
Explanation:
First 10000 : 0%
Next 20000: 10%
Next 20000: 20%
Next 20000: 30%
Over 60000: 40%
Therefore income of $55000 would have a tax liability as such
First - 0% of 10000 = 0
Second - 10% of 20000=2000
Third - 20% of 20000= 4000
Fourth - 30% of 5000= 1500
Total tax liability (TTL)= 0+2000+4000+1500
TTL = $7500
The answer is "<span>They focus more on products than the customer's underlying need.".
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Marketing Myopia is marketing term as it shows by its name, referred to short-sighted and inward looking way to deal with promoting that spotlights on the requirements of the organization as opposed to characterizing the organization and its items as far as the clients' needs. It brings about the inability to check and accommodates to the quick changes in their business sectors or markets.
Answer:The up-to-date ending cash balance on October 31 is: $8,290---C
Explanation:
A bank Reconciliation statement helps to match a company's book record to its bank record and adjust discrepancies, If any.
Here, the deposits in transit and outstanding checks fall under the bank's accounting records and will not be involved in the company's additions or deductions in the accounting book balance records.
Ending cash balance as per books = $7,000
Add:
Interest received from Bank = +$1,700
subtotal $8,700
Deduct
Bank Service charge = -$60
NSF check = -$350
Up-to-date ending cash balance = $8,290
Inflation is an increase in prices so the answer would be more
