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Morgarella [4.7K]
3 years ago
11

Which of the following is NOT an advantage of budgeting?

Business
1 answer:
Mama L [17]3 years ago
7 0

Answer:

a.It provides organizational independence.

Explanation:

Budget is a statement of income and expenditure of a certain period. Budgets are useful for forecasting the operating activities and financial position of a business enterprise and it ensures good business practice because they plan for future.

Organizational independence is a state in which an organization is not vulnerable for personnel turnover. Independent Organizations are normally mon profits or non government organizations and they are defined to be a collection of people who to pursue a charitable goal be it local, national or global level. Budgeting is applicable on dependent organizations instead of independent Organizations.

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David saves money from his teaching job to buy a new boat when he retires in 20 years. The boat will cost $30,000. He has $12,00
LuckyWell [14K]

Answer:

True

Explanation:

The main advantage of a compound interest account is that the interest that you earn also earns interest, so the total amount of earned interest increases.

For example, a $10,000 account earning simple interest at a 4% rate will earn $4,000 in ten years. While the same amount in a compound interest account will earn $4,802.

7 0
3 years ago
How much was firm xyz's dividends per share if the firm paid $3.20 million in dividends and there were 4 million shares outstand
USPshnik [31]

Dividends per share by definition is how much did each share of the company receive in dividends.

You take the total dividend paid and divide by the number of outstanding shares

3.20 million / 4 million = dividends per share.

7 0
3 years ago
Which of these statements is correct with regard to the implementation of marketing objectives?
xz_007 [3.2K]

Answer:

B). A lot of ongoing communication is involved when executing a plan.

Explanation:

The second statement regarding 'a lot of ongoing communication is involved when executing a plan' is the most correct regarding the implementation of marketing objectives. <u>Effective communication is the most significant key to ensure that the plans are timely and efficiently executed, the tasks are divided and coordinated significantly, and the desired goals and objectives are achieved successfully</u>. Thus, <u>option B</u> is the correct answer.

3 0
2 years ago
Edwin is a consultant working for a large engineering firm. He travels to visit clients and uses his laptop and a smartphone to
pychu [463]

Answer:

Mobile user.

Explanation:

A mobile user can be defined as a person that has access to relevant software through mobile device such as laptops, tablets, or mobile phones. They also communicate using mobile devices like smart phones or laptop over the internet.

Edwin is using the mobile user method in doing his job. He uses his laptop and phone to communicate bwith clients and his office. The laptop is used to handle work through business related software he has installed.

3 0
3 years ago
An initial investment of $930 is appreciated for 19 years in an account that earns 6% interest, compounded continuously. Find th
Hunter-Best [27]

The amount of money in the account at the end of the period will be $2907.89.

<h3>What is the investment?</h3>
  • The dedication of an asset to achieve a gain in value through time is referred to as an investment.
  • Investment necessitates the sacrifice of a current item, such as time, money, or effort.
  • The goal of investing in finance is to earn a return on the invested asset.
  • A gain (profit) or loss realized through the sale of a property or investment, unrealized capital appreciation (or depreciation), or investment income such as dividends, interest, or rental income, or a mix of capital gain and income, may constitute the return.
<h3>To find the amount of money in the account at the end of the period:</h3>

Step 1: Define

Identify variables

P = 930

t = 19

r = 6% = 0.06

Step 2: Find Interest

Substitute in variables [Compounded Continuously Formula]: A=930e^{} ^{19*0.06}                  

[Exponents] Multiply:    

A=930e^{1.14}                                                                                  

Evaluate exponents:            

A=930(3.12677)                                                                            

Multiply:            

A=2907.89

Therefore, the amount of money in the account at the end of the period will be $2907.89.

Know more about investment here:

brainly.com/question/25300925

#SPJ4                                                                                      

5 0
1 year ago
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