Answer:
c. update the static planning budget to reflect the actual level of activity for the period
Explanation:
A flexible budget is a financial plan of expenses and revenues based on the actual level of output. A flexible budget adapts to changes in prices and company needs. Because the budget varies with the market condition, it is called a variable cost.
Due to their variable nature, flexible budgets are used to update the static estimates at the end of a period. The company compares the actual result in the flexible budget with that of a static budget. The management uses a flexible budget to evaluate the business performance for the period. Specific areas of success and failures are highlighted. Decisions on areas that need improvement can then be made.
Answer:
The correct answer is Reviewing documentation of the work performed and reports issued.
Explanation:
Supervising staff could be a complicated and quite laborious task when not done correctly. In addition, the employee may feel observed and even intimidated.
To avoid the above, it is important to look for a better way to supervise staff, trying to avoid constant harassment to which they feel exposed. Following this helps a lot in this process:
Constant monitoring. Constant monitoring does not warrant that the supervisor does not take off from the employee like a shadow. Supervisions can be daily, yes, but that depends on the activity that is carried out and how safe the supervisor is of the training provided to the worker.
Written evaluations. These evaluations can be carried out thanks to the monitoring of the previous point (always in writing and, preferably, signed by employee and supervisor), or, they can be small tests and knowledge tests, depending on the area in which the worker performs.
The form of evaluation will always depend on the supervisor, on what he considers most effective and on the activities to be monitored and evaluated.
Write a document per employee. The file must include the following:
- The progress of each employee in the assigned projects and activities.
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The job description signed by the director / manager, direct supervisor and employee.
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There must be two goals: one original that remains in the address and a copy for the worker.
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Any evaluation in writing (regardless of deadlines, although preferably it could be monthly) that shows the worker's performance.
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Evidence of conversations between the director and supervisor about the worker's performance, duly signed and dated.
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Records of complaints from the worker to the company and from the company to the worker.
Answer
A. Make the deluxe version
The answer and procedures of the exercise are attached in a the following images.
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in 3 sheets with the formulas indications.
Answer:
You don't need to balance your checkbook anymore. ... Most people have learned to use online banking and apps, and they never learned to balance a checkbook. Unfortunately, there are still times when writing a check is the only option. This article is about how to keep writing checks while never balancing a checkbook.
Explanation:
Says google
Answer:
Net income for the year = $257,000
Explanation:
Retained earnings for the year= Net income - dividends paid.
Since no dividends were paid, retained earnings for the year = net income for the year. At the end of each accounting period, retained earnings are reported on the balance sheet, and the retained profits for the year are added to the beginning balance of retained earnings, to give a cumulative ending balance of $2,499,000.
therefore retained earnings for the year = ending retained earnings balance - beginning retained earnings balance = $2,499,000.-$2,242,000= $257,000.
Net income for the year is thus = $257,000 since no dividends were paid.
