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Assoli18 [71]
3 years ago
10

What role does budget play and why exhibiting responsible money management behavior is important to reaching future financial go

als?
Business
1 answer:
larisa [96]3 years ago
7 0

Answer:

Some entities will follow a top-down mandatedapproach to budgeting. These budgets will begin with upper-level management establishing parameters under which the budget is to be prepared. These parameters can be general or specific. They can cover sales goals, expenditure levels, guidelines for compensation, and more. Lower-level personnel have very little input in setting the overall goals of the organization.

Explanation:

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Xie Company identified the following activities, costs, and activity drivers for this year. The company manufactures two types o
Nikolay [14]

Explanation:

The computation of the activity rate for each activity is shown below:  

As we know that

Activity Rate = Expected rate ÷ Activity Driver

For Handling material = $650,000 ÷ 100,000 = $6.50 per part

For Inspecting product = $925,000 ÷ 1,500 parts = $616.67 per batch

For Processing purchase orders = $130,000 ÷ 700 = $185.72 per orders

Paying supplies = $200,000 ÷ 500 = 400 per invoices

Insuring the factory = $325,000 ÷ $40,000 = $8.125 per square foot

Designing packaging = $100,000 ÷ 2 models = 50,000 per models

5 0
3 years ago
Pheasant Co. can further process Product B to produce Product C. Product B is currently selling for $30 per pound and costs $28
Gnom [1K]

Answer:

differential cost of producing product C = $24 per pound

Explanation:

given data

B  currently selling = $30 per pound

produce cost = $28 per pound

C would sell =  $60 per pound

produce additional cost = $24 per pound

to find out

What is the differential cost of producing Product C

solution

we get differential cost of producing product C is express as

differential cost of producing product C = cost of (B+C) - cost of B   .............1

put here value we get

differential cost of producing product C =  (28+24) - 28

differential cost of producing product C = $24 per pound

3 0
2 years ago
Erik is a sales representative for an established building materials manufacturer. Business is good, but he is concerned that th
RideAnS [48]

Without new products, Erik can market his current products only to his current market the same products to similar customers

<h3><u>Explanation:</u></h3>

New product development involves a lot of research work. This plays a vital role in making the newly developed product to be more successful. The research team must first identify the areas that can be improved with the requirements and feedback from their loyal customers.

But in the given example, Erick’s company is already successful with the developed product for more than five years. Hence, it is recommended for marketing the current products to the current customers and market the same products to similar customers.

3 0
3 years ago
why school cant just end why cant we have a president that stops school im not learning anything anyway
gavmur [86]

Answer:You are so right I can't learn anything either Good day

Explanation:YOU CHOOSE THE SMARTEST

5 0
3 years ago
Which of the following companies would be most risky to invest in? A. Company A makes bold moves and grows rapidly. B. Company B
iVinArrow [24]
The right answer for the question that is being asked and shown above is that: "A. Company A makes bold moves and grows rapidly." <span> The company that would be most risky to invest in is that </span><span>A. Company A makes bold moves and grows rapidly.</span>
4 0
3 years ago
Read 2 more answers
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