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3 years ago

LO 7.1What is the difference between budgeting and long-range planning?

Business

1 answer:

Evgesh-ka [11]3 years ago

7 0

Answer:

The followings are the main differences between the long-range planning and the budgeting are as follows:

The budgeting generally deals with the financially related problems and money so that by proper budging method we can easily budget according to our specific needs.

Wheres, the long term planning is the generally use for the long period of time for achieving the desired goals. The budgeting and the long range planning are both the important or necessary tools that is used in the business.

The budgeting method mainly deals with the future cash flow, predicting the financial state and also asset values.

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16. GDP Growth Consider the following data on U.S. GDP: Year GDP (Billions of current dollars) (Billions of 2009 dollars) 2011 1

dmitriy555 [2]

Answer:

The percentage change in nominal GDP from 2013 to 2014 was 4.29%

The percentage change in real GDP from 2012 to 2013 was 1.48%

The percentage change in real GDP from 2012 to 2013 was higher than the percentage change in real GDP from 2011 to 2012. FALSE

Explanation:

In order to calculate this we just have to calculate the percentages with a rule of thirds:

$\frac{GDP1}{100}= \frac{GDP2}{x}$

To calculate the first one we use the nominal GDP which is the GDP with the current market value:

$\frac{GDP1}{100}= \frac{GDP2}{x}\\\frac{16,663.2}{100}= \frac{17,348.1 }{x}\\x=\frac{(100)(17,348.1}{16,663.2} \\x=4.29%$

To calculate the change in real GDP we use the values adapted to a pre-agreed monetary value, in this case the dollar at 2009:

$\frac{GDP1}{100}= \frac{GDP2}{x}\\\frac{15,354.6}{100}= \frac{15,583.3}{x}\\x=\frac{(100)(15,583.3}{15,354.6} \\x=1.48%$

To calculate the 2011 to 2012 we insert the values:

$\frac{GDP1}{100}= \frac{GDP2}{x}\\\frac{ 15,020.6}{100}= \frac{15,354.6}{x}\\x=\frac{(100)(15,354.6}{ 15,020.6} \\x=2.22%$

So with this we know that it is wasn´t higher the percentage change from 2012-2013, than that of 2011-2012

5 0

3 years ago

If $800 is borrowed at 8% interest, find the amounts due at the end of 4 years if the interest is compounded as follows. (Round

Alisiya [41]

Answer:

(i) $133.12

(ii) $297.6

(iii) $300.8

(iv) $301.6

Explanation:

From the compounding formula;

Future value = Present value $(1+\frac{r}{m}) ^{mn}$

where r is the rate, m is the number of payment per year, and n is the number of years.

Interest = future value - present value

Given that present value = $800, r = 8%, n = 4 years.

(i) annually,

m = 1, so that;

Future value = 800 $(1.08)^{4}$

= $933.12

Interest = $933.12 - $800

= $133.12

(ii) quarterly,

m = 3, so that;

Future value = 800 $(1+\frac{0.08}{3}) ^{(4x3)}$

= 800(1.372)

= $1097.6

Interest = $1097.6 - $800

= $297.6

(iii) monthly,

m = 12, so that;

Future value = 800 $(1+\frac{0.08}{12}) ^{(4x12)}$

= 800(1.376)

= $1100.8

Interest = $1100.8 - $800

= $300.8

(iv) weekly,

m = 54, so that;

Future value = 800 $(1+\frac{0.08}{54}) ^{(4x54)}$

= 800(1.377)

= $1101.6

Interest = $1101.6 - $800

= $301.6

4 0

3 years ago

In order to price discriminate, a firm must

Andreyy89

Answer:

A. have permission from the government.

B. face a downward-sloping demand curve.

C. set price equal to marginal cost.

D. be sure the price-marginal cost ratio is the same for all its submarkets.

Explanation:

8 0

4 years ago

The cash account for Stone Systems at July 31, 20Y5, indicated a balance of $17,750. The bank statement indicated a balance of $

omeli [17]

Answer:

The bank reconciliation statement is as shown below:

Amount in $

Balance per bank statement 33,650.00

Deposit in transit 9,150.00

Outstanding check (17,865.00)

Bank charges 80.00

Note collected (6,095.00)

Returned check (540.00)

Check drawn (630.00)

Book balance  17,750.00

Explanation:

Deposit in transit has been recorded in the books, thus the addition to the bank balance. Bank charges have been deducted from the bank balance but not in the cash book hence it is added back. Note collected is yet to be recognized in the books hence the deduction from the bank balance.

Amount recorded from the check returned is more than the actual by $540 hence the deduction. The check drawn has been over charged by the bank to the tune of $630 hence the deduction.

5 0

4 years ago

Kimberley Mayfield recently evaluated her subordinate's progress report. She now plans to inform her about the objectives she di

stellarik [79]

Answer: behavioral

Explanation: The tendency in an individual that make him behave in a certain way in a particular situation is called the behavioral component of his attitude. It depicts the intention of a person.

In the given case, Kimberley wants to inform her subordinate what she has not achieved and also advice her how she can improve. This shows that she has a developing instinct and leadership quality in her.

Thus, from the above we can conclude that the correct option is D.

7 0

4 years ago