Answer:
d. All of the above
Explanation:
A budget can be defined as a financial plan of estimated revenues, resources and expenses over a specific period of time in a particular country. It is usually reevaluated based on future plans and objectives periodically, typically on an annual basis. Thus, budgets are usually compiled, analyzed and re-evaluated on periodic basis.
Budgeting competency requires the ability to:
a. Define the production system.
b. Quantify expected operations in dollars.
c. Analyze actual results considering the budget to determine where costs were better or worse than expected.
Additionally, the first step of the budgeting process is to prepare a list of each type of income and expense that will be part of the budget.
The final step by the management of an organization in the financial decision making process is making necessary adjustments to the budget.
<em>The benefits of having a budget is that it aids in setting goals, earmarking revenues and resources, measuring outcomes and planning against contingencies. </em>
Based on the sales data that Sharon saw, she was able to determine the company's <u>target market. </u>
<h3>What is a target market?</h3>
This refers to the market segment that mostly uses or patronizes the goods and services offered by a company.
In this case, Sharon noticed that their company is usually patronized by clients in the neighboring city. This is therefore their target market as they are the majority market segment using the company's services.
In conclusion, option B is correct.
Find out more on target market at brainly.com/question/20812603.
Answer:
The correct option is (A) more, greater
Explanation:
According to the risk return trade off, the risk is increased with the return that means if the returns are increased the risk is also increased and vice versa
So as per the given scenario, if there is more risk that investor wants to accept so the return should be more for the investment. This represents the direct relationship between the risk and return of the investment
hence, the correct option is (A) more, greater
Answer:
Journal Entry
May 3
Dr. Allowance for doubtful accounts $2,800
Cr. Account Receivable $2,800
Explanation:
When a receivable of the business is considered to be non-collectible from a customer, it is written off from the accounts. This event will decrease the account receivable balance and allowance for the doubtful accounts too. a Debit entry in the Allowance for doubtful account and a credit entry in accounts receivable is made to incorporate the effect of this transaction.
<span>Economic advisors (Although economic advisors may read financial statements, they more often are focused on macro economic conditions of the local economy and the greater region)
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