The amount of $130,000 in Expenses will be the least likely to be budgeted for while building a budgetary slack.
<h3>What is a budgetary slack?</h3>
This is a special consideration in a budget that seeks to increase the chances of the actual performance being better than the budget.
Joan will likely budget for $110,000 of expenses, $210,000 of revenue and $80,000 of income.
Therefore, the amount of $130,000 in Expenses will be the least likely to be budgeted for
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Answer:
A target market refers to a group of customers to whom a company wants to sell its products and services, and to whom it directs its marketing efforts. Consumers who make up a target market share similar characteristics including geography, buying power, demographics, and incomes.
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Answer:
a) Increase asset (Cash): Increase equity (Service Revenue) - GUIDE
b) Decrease equity (Salaries): Decrease asset (Cash)
c) Increase asset (Cash): Increase equity (Capital)
d) Increase asset (Receivable Accounts): Increase equity (Service Revenue)
e) Decrease equity (Utility): Increased liabilities (Others payable accounts)
f) Decrease equity (Capital): Decrease assets (Cash)
Explanation:
Accounting Equation Formula
:
Assets = Liabilities + Equity
According to the formula transactions must be recorded as follows:
<em>DEBIT:</em> Asset increases, Liabilities decreases, and Equity decrease.
<em>CREDIT:</em> Asset decreases, Liabilities increases, and Equity increase.
A correct option is an option (b),i.e., can be partially executed if aborted.
What is a transaction?
An agreement that has been fulfilled between a buyer and a seller to trade goods, services, or financial assets in exchange for cash is referred to as a transaction. In corporate accounting, the phrase is also frequently used.
Why is a business transaction important?
Business transactions are becoming more and more important because they provide an abstract view of the interactions that occur among organizations to achieve a commercial goal.
What is the nature of the business transaction?
A business transaction is an activity that can be quantified objectively that involves the exchange of money, products, or services for money or for the right to receive money between accounting entities that are people (natural and artificial).
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Answer:
<u>Focused-differentiation.</u>
Explanation:
A focused differentiation strategy is a strategy used by organizations to reach a group of customers through the marketing of differentiated products and services that provide added benefits to the consumer.
This strategy is characterized by the combination of the business strategies developed by <em>Porter</em>, which are:
- Cost leadership
- Differentiation and
- Focus.
The greatest benefits added to this strategy are the increase in consumer loyalty, since offering targeted and differentiated services guarantees the improvement of service, quality and increase of the company's reputation.
There is also the possibility of increasing profits, due to the sale of differentiated and exclusive products, which may have a higher purchase and sale value.