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3 years ago

A company can expect to receive which benefits when it uses a budgetingâ€‹ process?

Business

1 answer:

yaroslaw [1]3 years ago

5 0

Available Options:

a) The budget helps motivate employees to achieve sales growth and cost-reduction goals.

b) The budget provides managers with a benchmark against which to compare actual results for performance evaluation.

c) The planning required to develop the budget helps managers foresee and avoid potential problems before they occur.

d) All of the above.

Answer:

Option D. All of the above.

Explanation:

The reason is that when budgets are set every personnel in the organization is given a task along with the restriction on the use of excessive resources of the company by generating a standard number of output, which is benefitial to the company and the managers as well.

Furthermore, standard costs are used in budgeting to estimate the costs of the operations of the company which means that the standard cost would be used for actual units to compare the actual results to make meaningful conclusions.

At the end, the main benefit of the budgeting is that it highlights the potential issues in the operating systems of the organization which must be corrected to avoid the same advers outcome in the future.

So all of the statements are correct.

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Multi-product branding is:_______.

Elan Coil [88]

Answer:

b. a branding strategy in which a company uses one name for all of its products in a product class.

Explanation:

Multi-product branding is a branding strategy in which a company uses one name for all of its products in a product class.

Multi-product branding is a business strategy widely used by manufacturers, it involves producing and selling multiple products using the same brand name for all.

For instance, Pears may have Pears diapers, clothing lines, lipstick ranges, shoes, body lotions, eye shadow, foundation etc. They are all different products manufactured and all branded as Pears.

The merits and advantages of Multi-product branding is high brand awareness, low promotional and advertising costs, and brand equity return.

8 0

3 years ago

May 31, Novac Corp. Has net sales of $415,000 in cost of goods available for sale of $286,000 compute the estimated cost of the

BabaBlast [244]

Answer:

$24,550

Explanation:

Computation for the estimated cost of the ending inventory

Net Sales = $415,000

Gross Profit rate= 37%

Cost of goods Sold = 100%- 37% = 63%

Cost of Goods Sold =$415,000*63% = $261,450

Cost of Goods Available for sale = $286,000

Using this formula

Estimated Cost of Ending Inventory= Cost of goods available for sale - Cost of Goods Sold

Let plug in the formula

Estimated Cost of Ending Inventory = $286,000-$261,450

Estimated Cost of Ending Inventory = $24,550

Therefore the estimated cost of the ending inventory is $24,550

5 0

3 years ago

How is a job search conducted

serg [7]

You provide what you like like and santa brings it to north pole and see what is best for you

3 0

3 years ago

On January 1, 2019, East Lansing, Inc., issues $2,000,000 of 10 percent, 5-year bonds that pay interest of $100,000 semiannually

xenn [34]

Answer:

The issue price of the bond is the present value of the future cash flows of the bond,which is $2,162,217.92.

The calculation of the issue price is shown below.

Explanation

The bond will pay interest of $100000 for 10 periods plus $2000000 par at the end of the tenth period.

The formula applicable is: Future value of each period multiplied by applicable discounting factor.

Even though the bond is issued for only 5 years,but the fact that it pays interest semi-annually makes it 10 period duration(5years*2).

Interest rate should also be adjusted to show the time horizon of six month each by dividing 8% per year by 2.

The detailed computation of present value is as follows:

Periods Coupon Interest @10%/2 DCF=1/(1+r)^n PV

1.00 100,000.00 0.9615 96,153.85

2.00 100,000.00 0.9246 92,455.62

3.00 100,000.00 0.8890 88,899.64

4.00 100,000.00 0.8548 85,480.42

5.00 100,000.00 0.8219 82,192.71

6.00 100,000.00 0.7903 79,031.45

7.00 100,000.00 0.7599 75,991.78

8.00 100,000.00 0.7307 73,069.02

9.00 100,000.00 0.7026 70,258.67

10.00 2,100,000.00 0.6756 <u>1,418,684.75</u>

7 0

3 years ago

When a consumer has evaluated alternatives in the purchase decision process and selected one, he still must determine from whom

hammer [34]

Answer:

The correct answer is when to buy.

Explanation:

When a consumer has checked all the alternatives and has made the purchase decision of what to buy, he still needs to decide from whom to buy and at what time or when to buy. This is because the price of assets or goods keeps changing with the passage of time. The change in price depends on market situations at that time.

There are a number of factors that affect the price level in the market. For instance,

Income level
Business cycle
Interest rates

Changes in these factors cause a change in the price of goods and services and other assets.

3 0

3 years ago