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arsen [322]
3 years ago
10

What are the main purposes of a budget?

Business
2 answers:
disa [49]3 years ago
7 0
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
Aleks [24]3 years ago
4 0
Following a budget will keep you out of debt if you are currently in one.
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Sales revenue $350,000 Accounts receivable $280,000 Ending inventory $230,000 Cost of goods sold $180,000 Sales returns $50,000
sesenic [268]

Answer:

$100,000

Explanation:

The computation of gross profit is shown below:-

Gross profit = (Sales revenue - Sales return - Sales discount) - Cost of goods sold

= ($350,000 - $50,000 - $20,000) - $180,000

= $280,000 - $180,000

= $100,000

Therefore we simply applied the above formula for determining the gross profit

4 0
3 years ago
The ___________ is a statement for the daily business transactions. it includes the list of checks and balances for the office f
Leto [7]

The Date sheet is a statement for daily business transactions. it includes the list of checks and balances for the office for a specific date of service.

A business transaction is an economic event involving a third party that is documented in the accounting system of a company.

Such a transaction needs to have a monetary value. Business transactions include, for example:

In a specific diary, such as a purchasing journal or sales journal, high-volume commercial transactions may be documented.

These journals are used to record business transactions, which are then regularly compiled and submitted to the general ledger.

Transactions with a lower volume are submitted straight to the general ledger. The financial accounts of the company eventually include a summary of these transactions.

A source document must always be used to back up a business transaction. A purchase order, for instance, might be used to facilitate the purchase of items from a supplier and the payment of wages to an employee.

Learn more about business transactions here

brainly.com/question/19959208

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8 0
1 year ago
What is the best example of a short-run adjustment?
k0ka [10]

Answer:

Short-run economics primarily affect price.

Explanation:

When demand decreases for any reason, prices go down in the short term. When demand spikes, prices go up. ... Long-run adjustments occur when sustained increases or decreases in demand cause a business to change its practices and can affect both price and the means of production.

8 0
2 years ago
Read 2 more answers
Noelle, assistant manager at Green Gardens Restaurant, is preparing a questionnaire to help her evaluate customer satisfaction.
wariber [46]

Hi there, i cannot find the complete question so that i can pick an option from so im going to do my best to answer your question.

Explanation:

Noelle can use the question: on a scale of 1 to 4, rate your level of satisfaction of the meal at Green Gardens Restaurant. 1 to 4 can be represented as shown below.

1- very bad

2- bad

3- good

4- very good

With this sort of question to customers, Noelle would be able to get an understanding of how bad or well the restaurant is doing in terms of customer satisfaction.

Cheers.  

7 0
3 years ago
If you were to take over as inventory control manager at wheeled coach, what additional policies and techniques would you initia
alexgriva [62]
The inventory control manager at Wheeled Coach would need to have ABC investigation as well as actualize tight physical control of the stockroom. He would likewise execute a cycle tallying framework, and guarantee that issues require building change sees for those things not at first included on the bill of material. To the degree attainable, stockrooms would be united.
6 0
3 years ago
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