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2 years ago

What is budgetary control?

Business

2 answers:

sveta [45]2 years ago

8 0

Answer: The use of budgets in controlling operations.

Budgetary control indicates how appropriately managers use budgets to examine and regulates costs and operations over a given period i.e. , this is a mechanism for managers to set goals(financial and performance) in accordance with budgets, analyze the results, and alter performance, as required.

Therefore, the correct option is "the use of budgets in controlling operations"

Lyrx [107]2 years ago

5 0

Answer:

The use of budgets in controlling operations

Explanation:

Budgetary control

The efficiency with which the manger utilizes the budget to control and monitor the costs and operations in a given period of time .

uses the budget as the controlling operations .

Steps of Budgetary Control:

a. Establish a plan or a target of the performance , which coordinates all the activities of the business .

b. Record the actual performance .

c. Compare the actual performance with the planned .

d. Calculate the differences , variances and the reasons .

e. Act immediately , if necessary, to remedy the situation.

You might be interested in

Quasi Contract Middleton Motors, Inc.. a struggling Ford dealership in Madison, Wisconsin. sought managerial andfinancial assist

Dima020 [189]

Answer:

Quasi Contract:

In the case of Lindquist Ford, Inc. v. Middleton Motors, Inc., 557 F.3d 469 (7th Cir. 2009) the trial court settled money damages to Lindquist. The Court of Appeals reversed the result that the trial court had mismanaged the mutual law theories of quantum meruit and unjust augmentation and imprisoned for a new trial. The trial court settled damages to Lindquist and Miller for Miller's salary.

Explanation:

The necessities to improve on the quasi-contract theory are as follows:

The party looking for damages discussed a benefit on the other party.
That party also discussed the benefit with the sensible expectation of being paid.
The party was not performing as a volunteer in providing this benefit.
The party getting the benefit would be irrationally enriched if permitted to retain the benefit without disbursing for it.

All of these necessities must be encountered in order for a quasi-contract judgment to be awarded.

The necessities under unjust improvement are as follows:

A benefit discussed upon the perpetrator by the plaintiff.
Appreciation by the respondent of the fact of such benefit.
Acceptance and retention by the respondent of the benefit, under conditions such that it would be discriminatory to retain the advantage without payment of the worth thereof.

Lindquist met the essentials required for unjust enhancement and the court fund in their favor.

The necessities under quantum merit are as follows:

The complainant must prove that the respondent requested the plaintiff's services.
It was reasonable for the applicant to expect reimbursement for the services. Lindquist met the elements compulsory for quantum meruit and the court found in their favor.

The condition most likely to be doubtful in this case is whether or not the party seeking compensations actually discussed a benefit upon the other party, or whether Lindquist essentially conferred a benefit upon Middleton through the management of Miller. The court resolute through indication presented that Lindquist and Miller had a reasonable anticipation to payment for services rendered and that Middleton received a benefit from Miller's services

3 0

3 years ago

According to the Keynesian transmission mechanism, if the Fed conducts an open market purchase of government securities, it may

marin [14]

Answer:

b.a movement down and along a given investment demand curve

Explanation:

The federal reserve used purchase and sale of government securities to control liquidity within the economy. When there is excess liquidity government securities are sold toop up cash. When there is low liquidity the government buys up securities to increase liquidity.

In this instance if the government buys securities it will cause a movement down and along investment demand curve. That is it will result in lower prices and higher quantity being purchased

4 0

3 years ago

The following information is available for the year ended December 31: Beginning raw materials inventory $ 3,900 Raw materials p

love history [14]

Answer:

Direct material used= $4,900

Explanation:

Giving the following information:

Beginning raw materials inventory $ 3,900

Raw materials purchases 5,400

Ending raw materials inventory 4,400

To calculate the direct material used, we need to use the following formula:

Direct material used= beginning inventory + purchases - ending inventory

Direct material used= 3.900 + 5,400 - 4,400

Direct material used= $4,900

8 0

2 years ago

Please help me to answer these questions

Annette [7]

Can’t see the picture

8 0

3 years ago

Wayne, Inc., wishes to expand its facilities. The company currently has 5 million shares outstanding and no debt. The stock sell

kompoz [17]

Answer:

a-1. Calculate the new book value per share.

current book value = stocks outstanding x book value = 5,000,000 x $10 = $50,000,000

new book value = $50,000,000 + $50,000,000 = $100,000,000

new stocks issued = $50,000,000 / $40 = 1,250,000

total stocks outstanding = 5,000,000 + 1,250,000 = 6,250,000

new book value per stock = $100,000,000 / 6,250,000 = $16

a-2. Calculate the new EPS.

old EPS = $4,000,000 / 5,000,000 = $0.80 per stock

new EPS = $4,850,000 / 6,250,000 = $0.776 per stock

a-3. Calculate the new stock price.

price to earnings ratio = $40 / $0.80 = 50

new stock price:

50 = new stock price / $0.776

new stock price = 50 x $0.776 = $38.80

a-4. Calculate the new market-to-book ratio.

market to book ratio = market capitalization / book value = $242,500,000 / $100,000,000 = 2.425

b. What would the new net income for the company have to be for the stock price to remain unchanged?

0.8 = net income / 6,250,000

net income = 6,250,000 x 0.8 = $5,000,000

4 0

3 years ago