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2 years ago

Budgets are normally more effective when all levels of management are involved in the budgeting process. True or False

Business

1 answer:

oksano4ka [1.4K]2 years ago

3 0

Answer:

The given statement is "True".

Explanation:

The budgeting process for something like a commercial enterprise has always been based on the most recent financial statement of an organization, investment money as well as distribution channels, business objectives as well as the viewpoint in which the industry operates.
So that the spending plan is generally more accurate unless all agencies and therefore all top executives are actively engaged.

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The following statement(s) regarding Utility Functions is/are true: Utility Functions are usually a function of wages. Utility i

jonny [76]

Answer:

Utility increases at a decreasing rate.

Explanation:

Utility is the total satisfaction derived from consumptjon.

The utility function measures the total satisfaction derived from consumptjon.

Utility increases at a decreasing rate.

This can be illustrated with an example.

Imagine I am coming from a desert with no access to drinking water. I am very thirsty. The satisfaction I would derive from the first cup of water would be the highest. After my first cup, the utility I would derive from other cups would be diminishing.

7 0

2 years ago

Abbott Company uses the allowance method of accounting for uncollectible accounts. Abbott estimates that 4% of credit sales will

OverLord2011 [107]

Answer:

$3760

Explanation:

Calculation to determine the December 31 balance in Bad Debt Expense

Using this formula

Bad debt expense = Credit sales × Uncollectible percentage

Let plug in the formula

Bad debt expense= $94,000 × 4%

Bad debt expense= $94,000 × 0.04

Bad debt expense= $3760

Therefore the December 31 balance in Bad Debt Expense will be $3760

8 0

2 years ago

If major earthquakes occur along active segments of the san andreas fault about every 200 years, when can another major event be

Aleonysh [2.5K]

It should generate another major event around 2050-2060

8 0

3 years ago

Amazon creates many utilities for its customers, but perhaps the most valuable utility for consumers is ________, the utility cr

OlgaM077 [116]

Answer:

The correct answer is Place Utility

Explanation:

Place Utility is the utility that a good has because of the place where it is located. A product that has high place utility is a product that is near customers, or that can change locations in order to be even nearer to the customers.

This is a fancy way to say that delivered products are useful because they are available at your doorstep, which is the most convenient place possible. This is the principle from which Amazon has built. Amazon depends on the place utility of the products it offers.

3 0

3 years ago

Bothell Company uses a job order costing system that allocates estimated overhead as 40% of prime costs. What is the cost of a j

Juli2301 [7.4K]

Answer:

$10,080

Explanation:

The computation of the cost of the job is shown below:

We know that

prime cost = direct material + Direct labor

= $2,000 + $5,200

= $,7200

Now overhead is

= 40% of $7200

= $2,880

And,

Cost of job = direct material + Direct labor + overhead

= $2,000 + $5,200 + $2,880

= $10,080

4 0

3 years ago