QUIZ

The zero-based budget is the best method of budgeting because:

Troyanec [42]

Answer:

The zero-based budget ensures that every dollar you make is assigned a specific purpose

Explanation:

Zero-based budge: It is also known as "zero-sum budget".

It refers to the process of creating a budget from nothing without using the previous year’s budget. It enables a firm allocate all its resources to expenses and debt payment.

Zero based budget ensures that every income made is allocated to a particular purpose without a remainder. The major goal of zero based budget is to ensure that revenue (income) less expenditure (spendings) is equal to zero.

That is, in zero based budgeting,

Income - expenditure= zero (0).

In other words,

income= expenses

5 0

3 years ago

Read 2 more answers

The balance in accounts receivable at the beginning of 2016 was $600. During 2016, $3,200 of credit sales were recorded. If the

andreyandreev [35.5K]

Answer:

$3,100

Explanation:

Step 1: Draw up the Accounts Receivable Account

Opening Balance $600 Allowance for Doubtful debt $200

Sales $3,200 Cash Collected $3,100

Closing Balance $500

$3,800 $3,800

To calculate the cash collected from customers

first, add the debit side of the accounts receivable which is a sum of the opening balance and sales= 3,800

Secondly, add the figures in the credit side including allowance for doubtful debt and closing balance= $700

Thirdly, Subtract the lesser side from the greater, $3,800 - $700 = $3,100

$3,100 was cash collected from the customers in 2016

8 0

3 years ago

Identify the process type of a product-process matrix in which all products follow the same sequence, standard materials and met

Dafna11 [192]

Answer:

The correct answer is Repetitive process.

Explanation:

Repetitive or series processes: those processes that produce items in large quantities, in bulk at regular intervals, where large quantities of homogeneous products are produced, such as the automotive, electronics, toys, food, etc.

Generally these processes are mechanized and even automated, the adjustments of the machines are scarce, the volumes are high, the labor force is little specialized and there is a permanent maintenance service.

4 0

4 years ago

Skippy loves peanut butter. Skippy reads on the internet that 75 percent of the peanut crop in the South has been wiped out by d

Bingel [31]

Answer:

d. Skippy’s demand for peanut butter increases today.

Explanation:

The taste and preferences of the consumers are one of the factors affecting the demand for the goods. The demand for goods increases according to tastes and preferences. Another factor of an increase in demand is the expectation of a consumer regarding the future prices of the goods.

In the given scenario, Skippy's demand for the peanut butter will increase because of the above mentioned two reasons. Since he is very much fond of the peanut butter, the demand will remain constant. At the same time, after reading about the future unavailability of the peanut butter and the increase in the price of it, the demand for the peanut butter will rise the present day.

6 0

3 years ago

The building of factories and investing in facilities for extraction of natural resources is called _____________ investment.

inessss [21]

The building of factories and investing in facilities for extraction of natural resources is called direct foreign investment.

Manufactured items are used to provide other items and services,called capital items. A nondurable exact lasts for much less than five years whilst sued on a regular foundation. the paradox of price takes place when some requirements have little fee, while a few non-necessities have a much higher price.

Natural resources are resources which might be drawn from nature and used with few modifications. This consists of the resources of valued characteristics which include industrial and business use, aesthetic price, scientific hobby and cultural cost. on earth, it consists of daylight, ecosystem, water, land, all minerals together with all vegetation, and flora and fauna.

Learn more about natural resources here:- brainly.com/question/24514288

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7 0

2 years ago