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kirill115 [55]
3 years ago
5

15. How can you identify and prioritize fixed, variable, and periodic budget categories?

Business
1 answer:
taurus [48]3 years ago
7 0

Explanation:

you can identify and prioritize fixed, variable and periodic budget by staying in check. Your fixed budget would be things that do not change for ex uTube premium $18 a month it stays the same. your variable expense would be clothing and groceries. u will not always spend the same amount so the amount changes. and your periodic budget would be how much u spend in a week. Keep track of it. How mućh did u §pend ? Add it all up. How much did u make ? How much did u save ?

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Gelneren [198K]

Answer:

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5 0
3 years ago
Inherent risk and control risk differ from detection risk in that inherent risk and control risk are?
Bumek [7]

Detection risk refers to the auditor's processes and can be altered at the auditor's discretion, whereas inherent risk and control risk exist independently of the audit of financial statements. The relationship between detection risk and inherent and control risk should be inverse. The more the detection risk that may be accepted, the less inherent and control risk the auditor thinks to be present. In contrast, the auditor considers that the detection risk can be tolerated less as inherent and control risk increases.

Inherent risk: What is it?

  • Human Involvement.
  • Business connections and regular meetings.
  • Assumption/Judgment Based Accounting is number three.
  • Organizational structure complexity.
  • Transactions that are not routine.

Cybersecurity risks, integrity and moral risks, fraud risk, subpar business system designs, etc. are a few examples of control risks. A crucial duty for the accounting department of a firm is control risk monitoring.

To lean more about Detection risk from the given link.

brainly.com/question/4298484

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3 0
2 years ago
The expected average rate of return for a proposed investment of $650,000 in a fixed asset, with a useful life of 4 years, strai
nexus9112 [7]
The expected average rate of return in the fixed asset above is 36.92%. The rate of return is the income or loss of a proposed investment in a specified amount of time. In this case, a company wants to buy a 4-year life fixed asset which can increase the company's income by $240,000. We can calculate the rate of return by dividing the net income from the investment with the proposed investment to obtain the portion of return received from the investment<span>. Formula: (Net Income From The Investment/Proposed Investment) x 100%.</span>
8 0
4 years ago
Which situation best describes opportunity cost
dusya [7]

Answer:

A store that buys a shipment of new computers cant afford to buy new phones.

Explanation:

5 0
3 years ago
The Economic Development Minister of a country has a list of things she thinks may explain her country's low growth of real GDP
olya-2409 [2.1K]

Answer: Tariffs and quotas

Explanation:

Tariffs and quotas are firms of trade protectionism that are used to control the amount of goods brought into a country. While quotas are taxes on imports, quotas are limitation on the number of goods imported.

Tariffs and quotas will affect economic growth because when there's limitation to the amount of imports, will affect the gross domestic product negatively.

3 0
4 years ago
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