Answer:
It provides definite objective for evaluating performance
Explanation:
Budgeting: It can be defined as the process of deciding an efficient way of spending money.
A budget is a financial plan which shows the estimation of income and expenditure over a specified future period of time. A budget can be made by an individual, business organzations or government of a country.
A budget can either be surplus or deficit.
1. A surplus budget is a budget in which the estimate of income is more than expenditure.
2. A deficit budget is a budget in which the estimate of expenditure is more than income.
Benefits of budgeting includes;
1. It provides definite objectives for evaluating performance.
2. It requires all levels of management to plan ahead on a recurring basis.
3. It facilitates the coordination of activities.
Answer:
umm........i think its A..............
Explanation:
Answer:
See
Explanation:
Sales volume = 1,000 units
Selling price = $70,000/1,000 = $70
Variable cost = $12,000/1000 = $12
900 units
Contribution margin income statement
Sales (900 × $72)
$64,800
Less:
Variable expenses (900 × $12)
($10,800)
Contribution margin
$54,000
Less:
Fixed expenses
($23,310)
Net Operating income
$30,690
During a liquidation, capital deficiency means that at least one partner has a (debit/credit) balance in his or her capital account at the point of final cash distribution, which means that debit ( deficiency means partner has debit in capital).
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What is liquidation of capital ?</u></h3>
- In the fields of finance and economics, liquidation refers to the process of closing down a firm and distributing its assets among claimants.
- It is an occurrence that typically takes place when a business is bankrupt, or unable to make its debt payments on time.
- As business activities come to an end, the residual assets are distributed to shareholders and creditors according to the order of priority of their claims. General partners might be dissolved.
- The sale of subpar goods at a price below what it would cost the company to produce them or below what the company would want to charge is referred to as "liquidation."
To view more questions on Liquidation, refer to: brainly.com/question/23987428
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Answer:I think it is B punitive damages
Explanation:
