All categories

2 years ago

Which of the following statements is false in regards to budgets?

Business

1 answer:

allochka39001 [22]2 years ago

4 0

Answer:

A. Budgets must measure a year in length

Explanation:

Budget periods are based on organisation goals or targets for a period of time. Budgets, which are estimates of income and expenses, can be prepared for a specified period of time e.g a year, a month, a week, five years etc. This makes option A incorrect.

In order to set realistic budgets, adequate research and review of past performance is required to set attainable goals for the organisation. Furthermore, for budgets to be effective, a sound organizational structure that clearly demarcates roles and responsibilities should be in place in order to meet the set goals. Therefore options B, C and D are correct.

You might be interested in

Bric Autos Inc., a Campora-based automobile company, made a capital investment of $300,000 to set up production units and distri

MrMuchimi

The given investments are best known as Foreign direct investments .

Explanation:

Foreign direct investment (FDI) is an offer made by an individual Situated in some other nation in the context of holding ownership of an enterprise in one country. Therefore, the principle of direct control separates itself from an investment in a foreign fund.

For open markets instead of regulated equity markets, FDIs are widely used.

Types of Foreign direct investment are horizontal, vertical and multinational. In another region, Horizontal defines the same company category, while vertical is related but separate, and conglomerates are different firms.

FDI to the US is continuously tracked by the Bureau of economic analysis.

The example of an FDI is Apple's venture in China.

7 0

3 years ago

Which of the following is the most accurate statement regarding the federal budget?

hoa [83]

The Federal Reserve System controls the monetary policy in the United States. They influence short-term interest rates and also determine the size of the money supply. The Federal budget is very hard to balance and has been a concern and is difficult to achieve. The President sends the budget to Congress who must approve it.

4 0

3 years ago

Granny Gums has established a scholarship at the Martin College of Dentistry. She will make deposits into an endowment account t

OleMash [197]

Answer:

Scholarship Amount would be $45.68

Explanation:

Deposits into an endowment account that pays 12% per year

Year 0 Deposit $100

Year 1 Deposit $90

Year 2 Deposit $80

Year 3 Deposit $70

Year 4 Deposit $60

Year 5 Deposit $50

Year 6 Deposit $40

First find the present worth of the gradient deposits.

P = 100 + 90(P/A, 12%, 6) - 10(P/G, 12%, 6) = $380.69

A = 380.69 (0.12)

A= $45.68

3 0

3 years ago

Crusher Company has provided the following data for maintenance cost:

Firdavs [7]

Answer:

Total Fixed Cost: $13,020

Explanation:

Fixed cost is calculated using high low method.

High low method seeks to find variable cost per hour / unit by dividing the difference of cost (total cost at two levels) with difference of activity level. Than variable cost is reduced from total cost to identify the fixed cost. Below is the calculation:

Current year cost: $ 37,850 Current year machine hours: 19,100

Prior year cost: $ 33,300 Prior year machine hours: 15,600

Variable cost per machine hour = Current year cost - Prior year cost

Current year machine hour - prior year machine hour

Variable cost per machine hour: 37,850 - 33,300 = $1.30 per machine hour

19,100 - 15,600

Variable cost current year: ($1.30 * 19,100) = $24,830

Variable cost prior year: ($1.30 * 15,600) = $20,280

Fixed cost: Total cost - variable cost

Fixed cost current year: 37,850 - 24,830 = $13,020

Fixed cost prior year: 33,300 - 20,280 = $13,020

7 0

3 years ago

Good strategy execution involves Multiple Choice making choices among broad or narrow low cost and differentiation strategies to

Semmy [17]

Answer:

The answer is: team participation to perform strategy-critical activities in light of prevailing circumstances.

Explanation:

The good execution of the strategy is mainly related to the ability of managers to involve all operational areas and all employees in the process of participating in the strategic actions that were developed to achieve the goals and objectives of the organization.

Therefore, managers have an essential role in exercising control, coordination and monitoring of the teams, so that the execution of the strategy takes place in an effective and active manner, being shared as a responsibility and efforts of the entire team.

8 0

2 years ago