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Deffense [45]
3 years ago
9

Creating a budget is about your wishes and hopes for what you want your income to be.

Business
1 answer:
PIT_PIT [208]3 years ago
7 0

Answer:

False.

Explanation:

Creating a budget is not about your wishes and hopes for what you want your income to be, but must be done by having a realistic perception of the income and expenses that each person has from month to month. In this way, you can project responsibly, avoiding incurring debts or other negative consequences.

You might be interested in
1. A master budget________. a) is the initial plan of what the company intends to accomplish in the period and evolves from both
Korolek [52]

Answers:

The correct answer is 1. a) is the initial plan of what the company intends to accomplish in the period and evolves from both the operating and financing decisions. 2. d. budgeted income statement.

Explanation:

To begin with, a budget is an estimate of the expected results of a specific area in a given period, mainly one year. For its part, the master budget is a plan that covers all areas of the company, and can be adjusted depending on the situations or events that influence the achievement of results. This tool allows a projection of the expected returns taking into account a previous base and the current situation of the sector in which it is located, which is why it is important because it allows drawing a road map for the benefit of all collaborators.

6 0
2 years ago
Grainger Company is a major automotive parts manufacturer operating in six countries. It has no restrictions on stock sales and
alisha [4.7K]

Answer:

The correct word for the blank space is: public.

Explanation:

A public corporation has sold stock through an<em> Initial Public Offering </em>(IPO) to the public and that stock is currently traded on a <em>public stock exchange</em> or the <em>Over-The-Counter</em> (OTC) market. The ability to sell public shares is very important to these businesses as it provides them with a source of capital for investment.

5 0
3 years ago
Which of the following scenarios would indicate that a nation's economy is entering the recovery phase of the business cycle?
tensa zangetsu [6.8K]

After sales figures increase for several months, economic data indicates that retailers are hiring new workers to satisfy increased demand.

All of the other options would show concerning economic signs, not signs of recovery. Recovery happens when there is an upturn in the economy, more hiring and better sales.

3 0
2 years ago
Mountaintop golf course is planning for the coming season. Investors would like to earn a​ 12% return on the​ company's $45 mill
Nookie1986 [14]

Answer:

The correct option is B

Explanation:

The return on assets would be:

Return on assets (ROA)= Assets × Return

                                      = $45,000,000 × 12%

                                     = $5,400,000

Return per customer = ROA / Number of golfers

                                  = $5,400,000 / 400,000

                                  = $13.50

Fixed Cost per Customer = Fixed Cost / Number of golfers

                                          = $20,000,000 / 400,000

                                         = $50

Cost to be charged per customer = Profit + Fixed Cost + Variable Cost

                                                        = $13.50 + $50 + $15

                                                        = $78.50

8 0
2 years ago
Assuming that the standard fixed overhead rate is based on full capacity, the cost of available but unused productive capacity i
ioda

Answer: a.fixed factory overhead volume variance.

Explanation:

Fixed overhead costs are the costs that are incurred by an organization that doesn't change even when the lre is a change in the volume of production activity. The fixed overhead costs are vital in order for the effective operation of the company.

When the standard fixed overhead rate is based on full capacity, the cost of available but unused productive capacity is indicated by the a.fixed factory overhead volume variance.

8 0
3 years ago
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