Answer:
a. Budgets are detailed forward-looking financial reports based on expected income and expenses.
Explanation:
A budget is a financial plan used for the estimation of revenue and expenditures of an individual, organization or government for a specified period of time, often one year. Budgets are usually compiled, analyzed and re-evaluated on periodic basis.
The first step of the budgeting process is to prepare a list of each type of income and expense that will be part of the budget.
The final step by the management of an organization in the financial decision making process is making necessary adjustments to the budget.
The benefits of having a budget is that it aids in setting goals, earmarking revenues and resources, measuring outcomes and planning against contingencies.
It is typically used by various organizations or companies due to the fact that, it's tied directly to the strategy and tactics of a company on an annual basis. Also, it is used to set a budget for marketing efforts while anticipating on informations about the company.
The answer should be c͟o͟m͟m͟u͟n͟i͟c͟a͟t͟i͟o͟n͟, but this question seems a bit vague.
Answer:
Hi there isn't anything attached??
The correct answer is true.
Answer:
( c ) $27,950
Explanation:
The computation of the uniform amount that should be deposited is shown below:
= Accumulated sum of amount × (A/F, 14% ÷ 2, 2 × 6)
= $500,000 × (A/F, 7%, 12)
= $500,000 × 0.0559
= $27,950
hence, the amount that should be deposited is $27,950
Hence, the correct option is c. $27,950
We simply applied the above formula so that the correct value could come
And, the same is to be considered
