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Whitepunk [10]
3 years ago
10

Budgeted financial statements are financial statements based on budgeted amounts rather than actual amounts.

Business
1 answer:
Tasya [4]3 years ago
3 0

Answer:

The statement is True.

Explanation:

Budgeted financial statements are prepared for a future period of time. So that it is easy to anticipate certain fixed and variable costs and allocate financial resources to them.

Also, Budgeted financial statement are useful during the strategic planning process and planning on future business expansions.

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Maldo Geronimo conducts two-day training sessions for an oxygen equipment company. When he traveled last month, his lodging was
Finger [1]
Here is the answer. Given that Maldo Gernonimo spent $235 per night and he stayed for 2 nights so the total is $470. $46 per day so the two days is $92. And the transportation is $535. To sum this up, the total is $1,097. Since he has a budget of $1,200, the maximum that he can spend on dinner each of the two nights is $97.5. Hope this helps. 
7 0
3 years ago
Read 2 more answers
How does gross income differ from net income?
barxatty [35]
When you have a gross income the expenses incurred are yet to be removed— it is just total sales less purchases. for net income the expenses are removed for the gross profit
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3 years ago
Suppose the government increases spending to fund tuition assistance for qualified college students. automatic stabilizers will
KIM [24]

Suppose the government increases spending to fund tuition assistance for qualified college students. automatic stabilizers will increse the expansionary effect of the increase in aggregate demand.

A government is a system or group of people that governs an organized community (usually a state). In the broader associative definition, government usually consists of legislative, executive, and judicial branches.

Your government is the system of people, laws and officials that define and control the country in which you live. For example, the US government is a representative democracy with her three branches.

Government is necessary to maintain law and order. Laws are necessary for society to function. Life in a society without laws is dangerous and unpredictable.

Learn more about government here:brainly.com/question/1078669

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4 0
2 years ago
If a fraudster manipulates the assumptions used to calculate depreciation charges in order to increase earnings to a desired fig
liubo4ka [24]

Answer:

Playing the accounting system

Explanation:

Playing the accounting system means fraudsters introduces false information or influences the way the accounting system operates so that results will give higher amounts than one would normally get.

For example creating fictitious customers and assigning sales figures to them, aimed at inflating sales.

In the given instance the fraudster manipulates the way the accounting system calculates depreciation in order to gain from the inflated figures.

8 0
3 years ago
A financial institution offers a "double-your-money" savings account in which you will have $2 in 4 years for every dollar you i
Rom4ik [11]

Answer:

The stated annual interest rate offered by this account is 41.42%.

Explanation:

The stated annual interest rate, r on the saving account can be determined as follows :

Pv = - $1

n = 4 × 2= 8

pmt = $ 0

p/yr = 2

Fv = $4

r = ?

Using a financial calculator the nominal rate,r compounded semi-annual is 37.8414 %

Then use the financial calculator to convert norminal rate to annual rate as follows :

37.8414 % Shift NOM%

P/YR 2

Shift EFF% 41.4213 or 41.42%

6 0
3 years ago
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