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Vlad1618 [11]
3 years ago
5

Which step of formulating a financial budget involves using forecasting techniques to help predict revenue?

Business
1 answer:
Tamiku [17]3 years ago
6 0

Answer: The correct answer is (A): planning and gathering financial information.

Explanation:  Forecasting technique is used while planning and gathering  financial information. This step helps in predicting revenue. Formulation of financial budget depends on the size and type of the business. This information is used by organization for developing their budgets. It helps to forecast the future, anticipate risks and prevent them.

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Write merits of one dimensional diagrams ?​
Usimov [2.4K]

Answer:

(i) They are readily understood even by those unaccustomed to reading charts or those who are not chart-minded.

(ii) They posses the outstanding advantage that they are the simplest and the easiest to make.

(iii) When a large number of items are to be compared they are the only form that can be used effectively.

7 0
2 years ago
Read 2 more answers
An individual has utility function U(x)=x1/4U(x)=x1/4 for salary, and is considering new job offer which pays $80,000 with a bon
vladimir2022 [97]

Answer:

108,280.22

Explanation:

Certainty equivalent is solved by taking the inverse utility function from the expected utility of a random wealth variable

U(x) = x^1/4

U^-1(x) = x^4

U^-1(x) === x^4

CE(x) = x^4

Salary   Bonus   Total income   U(x)= x^(1/4)       P(x)        U(x)*P(x)

80000       0          80000               16.82                1/7             2.4

80000    10000     90000               17.32                1/7            2.47

80000    20000    100000              17.78                1/7            2.54

80000    30000    110000               18.21                 1/7            2.6

80000    40000    120000              18.61                 1/7            2.66

80000    50000    130000              18.99                1/7            2.71

80000    60000    140000              19.34                1/7             <u>2.76</u>

Sum                                                                                             <u>18.14</u>

CE(x) =  18.14^4

CE(x) = 108280.22

So therefore,  the certainty equivalent of this job offer is 108,280.22

5 0
3 years ago
Procter &amp; Gamble determined that its Thermacare Heat Wrap was underperforming and lacked a desired level of growth potential
Kamila [148]

Answer:

Decline

Explanation:

there are four stages of product life cycle

1. introduction

2. growth

3. maturity

4.  decline

In decline stage growth declines as a result of decrease in demand. The best decision at this stage is to divest the asset. Since Thermacare heat wrap was under performing it must be in decline stage and divestment of the brand was done by Procter and Gamble

3 0
3 years ago
Starling Inc. is a public stock company that provides natural gas for businesses. Although this company generates a large profit
erik [133]

Answer:

Have defined value creation too narrowly in terms of financial performance thereby contributing to black swan events ( B )

Explanation:

Black swan events are events that come as a surprise to a company or individual with great / devastating effects and these events are usually due to inappropriate foresight to the problem.

A company that generates huge profits is not supposed to reduce the maintenance budget because ill maintained equipment will not result to efficient production and huge profits. the leaking of their pipelines and the significant environmental problem is an example of the Black swan event due to the trimming of maintenance budget by the Management.

6 0
3 years ago
The unemployment due to changes in the types of skills employers require is called
Rzqust [24]
Answer: "structural unemployment".
_______________________________________
6 0
3 years ago
Read 2 more answers
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