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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.

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On January 1, 2020, Harter Company had Accounts Receivable $139,000,
LuckyWell [14K]

<u>Solution and Explanation:</u>

<u>Date Particulars Post ref.         Debit ($)    Credit ($) </u>

5- Jan Accounts Receivable  20000  

Sales revenue                                                     20000

(To record the sales revenue)    

5- Jan Notes Receivable         30000  

Accounts receivable                                              30000

(To record the sales revenue)  

18- Feb Notes receivable          8000  

Sales revenue                                                         8000

(To record the notes receivable and sales revenue)  

20- April Cash                        20400  

Notes receivable                                 20000

Interest revenue                                   400

(To record the collection of notes)    

30 april Cash                           25000  

Notes receivable                                 25000

(to record the collection of payment due)    

25 May Notes receivable         6000  

Accounts receivable                            6000

( To record the note settlement of past due balance)    

18- Aug Cash account               8360  

Notes receivable                                      8000

Interest revenue                                         360

(To record the collection of notes payment)    

25- Aug Accounts receivable  6135  

Notes receivable                                      6000

Interest revenue                                         135

1-Sep Notes receivable            12000  

Sales revenue                                        12000

(To record the note for amount due)    

6 0
3 years ago
A new triage team is being brought onto Salesforce and needs to have separate case statuses. How can this requirement be met?1.
vladimir2022 [97]

Answer:

The correct answer is number "3": Create a new Support Process.

Explanation:

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8 0
2 years ago
Souza Inc, which produces and sells a single product, has provided its contribution format income statement for October.
Dafna1 [17]

Answer:

d. $300

Explanation:

Calculation for what its net operating income should be closest to

Using this formula

First step is to calculate the contribution margin per unit using this formula

Contribution margin per unit= Contribution margin ÷ Number of units

Let plug in the formula

Contribution margin per unit= $48,000 ÷ 4,000 units

Contribution margin per unit= $12

Second step is to calculate the contribution margin

Contribution margin = 3,500 units × $12

Contribution margin = $42,000

Now let calculate the net operating income using this formula

Net operating income = Sales - Variable cost - Fixed expenses

Let plug in the formula

Net operating income= $42,000 - $41,700

Net operating income= $300

Therefore its net operating income should be closest to $300

8 0
2 years ago
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Anni [7]

Answer:

Structural frame

Explanation:

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The four frame business model is made up of: structural frame, human resource frame, political frame, and symbolic frame.

4 0
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VashaNatasha [74]

Answer:

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3 years ago
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