1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Verdich [7]
3 years ago
9

Which one of the following is a primary benefit of budgeting? It removes the ‘plan ahead’ from lower level managers so that they

can focus on operations. It eliminates the need for coordination of activities throughout the company. It provides definite objectives for evaluating performance. It eliminates potential problems so that managers do not need to be concerned that things may get out of hand.
Business
1 answer:
nikklg [1K]3 years ago
6 0

Answer:

It provides definite objective for evaluating performance

Explanation:

Budgeting: It can be defined as the process of deciding an efficient way of spending money.

A budget is a financial plan which shows the estimation of income and expenditure over a specified future period of time. A budget can be made by an individual, business organzations or government of a country.

A budget can either be surplus or deficit.

1. A surplus budget is a budget in which the estimate of income is more than expenditure.

2. A deficit budget is a budget in which the estimate of expenditure is more than income.

Benefits of budgeting includes;

1. It provides definite objectives for evaluating performance.

2. It requires all levels of management to plan ahead on a recurring basis.

3. It facilitates the coordination of activities.

You might be interested in
Which type of portfolio might a young investor who is not afraid of risk choose? a portfolio of with a high percentage of stocks
ryzh [129]
The suitable portfolio for the young investor is a.) portfolio of with a high percentage of stocks. Stocks are a person's share in a company, giving them profits or losses based on a company's performance. Stocks are highly risky due to the unpredictable performance in the stock market, prices can rise or drop fast. However, the returns of the stocks are higher compared to other financial instruments.
5 0
3 years ago
Occurs when people give up something in order to receive something that they would rather have?
kap26 [50]
That would probably be trade. :)
3 0
3 years ago
Please help me. I will mark you as brainliest !!
natali 33 [55]

Answer:

The answer is C

Explanation:

Let's say that we have 100 cars unique in the world and each car's value is 10000$. Now, let's say that you have 3 cars like the last ones, 3 cars unique in the world? You won't sell them at 10000$, you have to increase the price because the cars are very rare.

8 0
2 years ago
Miguel Alvarez in the accounting department at Baumer Company has provided the following information:
Mekhanik [1.2K]

Answer:

$10.65

Explanation:

The computation of the incremental manufacturing cost in the case when the production level is changed

= Direct material cost per unit + direct labor cost per unit + variable manufacturing overhead per unit

= $6.25 + $3.20 + $1.20

= $10.65

Here the fixed cost would not be relevant

8 0
3 years ago
A computer company had $3,000,000 in research and development costs. Before recording these costs, the net income of the company
JulijaS [17]

Answer:

Net income of the company accounted for $400,000

Explanation:

Net income is the income or the amount of residual income from the earnings after deducting all the expense or cost from the sales.

The net income or loss of the company accounted for is computed as:

Net Income or Loss = Net Income - Research and Development cost

where

Net Income amounts to $3,400,000

Research and Development cost amounts to $3,000,000

So, putting the values above:

Net Income or loss = $3,400,000 - $3,000,000

Net Income  = $400,000

7 0
3 years ago
Other questions:
  • Carolina, the accountant for Duke Manufacturing, tells Jacob, who works in customer service for Duke, that that their company's
    12·1 answer
  • At the __________ level of decision making, functional managers focus on monitoring and controlling operational-level activities
    10·1 answer
  • a. Consumption schedule The variable on the vertical (y) axis is (Click to select) and the variable on the horizontal (x) axis i
    11·1 answer
  • Three Waters Co. is a small company and is considering a project that will require $700,000 in assets. The project will be finan
    14·2 answers
  • Gracius Manufacturing is approached by a European customer to fulfill a oneminustimeminusonly special order for a product simila
    12·1 answer
  • The following data has been collected about Keller Company's stockholders' equity accounts: Common stock $10 par value 20,000 sh
    11·1 answer
  • The viability and relevancy of insurance products sold to businesses and individual?
    7·1 answer
  • Do businesses receive a water grant?​
    10·1 answer
  • What is revision?hey
    12·2 answers
  • The use of insurance credit scoring is more common with the sale of homeowner's insurance coverage than it is with automobile in
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!