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3 years ago

What type of budget is used to forecast income and expense for ongoing business operations?

Business

1 answer:

Kruka [31]3 years ago

4 0

Answer:

The correct answer is: Operating budget.

Explanation:

An operating budget is an estimate a business make of the expenses and revenue it plans to book in its ongoing operations. Operating budgets can also be used to forecast future operating corporate periods. This type of budget mainly includes the number of sales expected in dollars, fixed and variable costs as well as operating expenses such as loan payments or depreciation.

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Which category of environmental forces in international marketing would involve: Coors Brewery attempting to sell its beer in Ir

romanna [79]

Answer:

Competitive Forces

Explanation:

Competitive Forces are factors and variables that threaten a company's profitability and prevent it dominance on setting high prices and monopoly. The number and power of a company's competitive rivals and substitute products influences how the company makes profits.

Competitive Forces can be grouped into two which are;

Direct Forces: This determines how low the floor can go for a price competition

Indirect Forces: This places a cap on market's prices and profits

Coors Brewery attempting to sell its beer in Ireland competing against Guiness Beer... Or attempting to sell its beer in Australia competing against Fosters beer is an example of Competitive Forces because by attempting to sell its beer in either of Ireland or Australia to compete with Guiness Beer or Fosters Beer, there will be competition in the Industry, thus, the larger the number of equivalent product and services offered, the lesser the power of a company.

Suppliers and Buyers alike seeks for a company's competition and see if they are able to offer better deals and lower prices.

If Coors Brewery is able to offer better deals or lower prices In Ireland or Australia as against Guiness or Fosters Beer, there will be competitive rivalry as they will become a direct force competition that will determine how low the price of beer will go in the two countries respectively

3 0

3 years ago

Read 2 more answers

How does supply and demand affect prices?

irakobra [83]

The higher the supply the lower the price will be and the higher the demand the higher the price will be. This means that they have an inverse relationship. In short, the more you need something the more you're willing to pay for it, and the less you need it the less you want to pay, and this is basically how the economy works when producing and selling.

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3 years ago

Read 2 more answers

Which are 3 common misconceptions users of an income statement may have?

Mama L [17]

The three most frequent misconceptions are that net income equals cash, net income excludes estimates, and net income reports all changes in value that occurred during the accounting period.

One of the three crucial financial statements used to describe a company's financial performance throughout a certain accounting period is the income statement. The balance sheet and the cash flow statement are the other two important statements. The income statement, which is often referred to as the profit and loss (P&L) statement or the statement of revenue and expense, primarily focuses on the company's revenue and expenses over a specific time period. Understanding how to study an income statement is the greatest approach to evaluate a business and choose whether or not to invest.

To learn more about income statement here

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3 0

2 years ago

The __________ is an integrated set of actions taken to produce goods or services (at an acceptable cost) that customers perceiv

PIT_PIT [208]

Answer:

Differentiation strategy

Explanation:

This question defines the differentiation strategy. It is an approach which businesses develop whereby they provide their customers with unique and different goods and services than what other competing firms may have to offer in the market. The main goal is to have an advantage increase in the market compared to others.

7 0

2 years ago

The following is an account for a production department, showing its costs for one month: Work in Process Inventory Beginning Ba

Keith_Richards [23]

Answer:

$2,160

Explanation:

Total costs = Beginning Balance + Direct materials + Direct labor+ Overhead

Total costs = $5,400 + $21,600 + 16,200 + $10,800

Total costs = $54,000

Total transferred out = Total costs - Ending Balance

Total transferred out = $54,000 - $4,590

Total transferred out = $49,410

BGIP transferred out = Total transferred out - Assumed started and completed units cost

BGIP transferred out = $49,410 - $41,850

BGIP transferred out = $7,560

Cost to complete BGIP = BGIP transferred out - Beginning Balance

Cost to complete BGIP = $7,560 - $5,400

Cost to complete BGIP = $2,160

4 0

2 years ago