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3 years ago

A static planning budget

Business

1 answer:

bixtya [17]3 years ago

8 0

Answer:

C and D

Explanation:

In preparing a static budget, managers use predicted values for inputs and outputs. The anticipated prices are adopted at the beginning of the accounting period. A static budget is a forecast of the expected revenues and expenses of an organization over a specified period. The prices used in a static budget remain unchanged regardless of market fluctuations. Static budgets are also called fixed budgets

At the end of a period, the actual numbers realized may be quite different from the figures in a static budgeted. Managers use static budgets to target the level of expenses, costs, and revenues. Governments departments and non-profit organizations use static budgets as their incomes are unlikely to change throughout a period.

Management compares the actual results at the end of a period, and the budgeted numbers at the beginning to measure perfomance or achievement. The comparison is for both revenues and expenditures.

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3 years ago

If an adjustment for $7,500 in accrued revenues is omitted, how will this affect the financial statements?

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Tamiku [17]

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2 years ago

A broker allowed her license to expire and renewed it 32 days after the expiration date. What does she need to do to reinstate h

ICE Princess25 [194]

Answer:

Explanation:

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4 years ago

In what ways can the following activities be seen as projects? In what ways do they resemble ongoing, routine business activitie

Nonamiya [84]

Answer: The answer is given below

Explanation:

A. Reading the chapter before attending a university lecture.

This resembles a project because it has an objective as we are informed that they are reading the chapter before going for lectures. It is also an ongoing business routine because the chapters have to be read before the lectures so as to be prepared.

B. Taking the bus to work each day.

For B, it can also be said to

be project as there is a beginning and also an ending. B could is a routine activity because it is done daily, and also it is vital for one to get to work everyday.

C. Piloting an aircraft between Vancouver and Fiji.

For C, it can also be said to

be project as there is a beginning and also an ending. Also, C could is a project because it has a specific objective as Vancouver and Fiji csn both be considered to be specific locations, thereby making this flight a specific objective. The piloting activity here is routine and is also done daily.

D. Teaching a course for the first time; teaching the same course every semester.

It is a project because it is a situation with a definite beginning and also has an end. Teaching the same course for every semester would be routine because it becomes an ongoing cycle, amd therefore the same task will be repeated.

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3 years ago