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CaHeK987 [17]
2 years ago
5

Match the phrase that follows with the term (a-e) it describes. integrated set of operating and financing budgets for a period o

f time estimates the number of units to be manufactured to meet sales and inventory levels shows expected results at several activity levels begins by estimating the quantity of sales shows expected results at only one activity level 1. static budget 2. flexible budget 3. master budget 4. sales budget 5. production budget
Business
1 answer:
Mnenie [13.5K]2 years ago
8 0

1. <u>Master budget:</u> it is an integrated set of operating and financing budgets for a period of time.

2. <u>Production budget:</u> it estimates the number of units to be manufactured to meet sales and inventory levels.

3. <u>Flexible budget:</u> it shows expected results at several activity levels.

4. <u>Sales budget:</u> it begins by estimating the quantity of sales.

5. <u>Static budget:</u> it shows expected results at only one activity level.

A budget can be defined as a financial plan that is used for the estimation of revenue and expenditures of an individual, organization or government, especially for a specified period of time, often one (1) year.  

Basically, there are different types of budget and this include:

1. <u>Master budget:</u> it comprises an integrated set of both investing, operating and financing budgets for a specified period of time, often one (1) year.

2. <u>Production budget:</u> it estimates the number of units to be manufactured by a business firm, so as to meet budgeted sales and inventory levels.

3. <u>Flexible budget:</u> it shows expected results of a business firm (responsibility center) at several activity levels.

  • It is also referred to as variable budget and it's used both before and after a period's activities are completed.

4. <u>Sales budget:</u> it begins by estimating the quantity of sales.

  • Once the quantity of sales are estimated, the sales revenue that are expected is calculated by multiplying the expected unit sales price by the volume.

5. <u>Static budget:</u> it shows expected results of a business firm (responsibility center) at only one activity level.

  • A static budget is usually based on a predicted amount of sales or any other measure of activity.

Read more on budget here: brainly.com/question/8976831

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Managers place a high priority on internal control systems because the systems assist managers in all of the following except: a
gulaghasi [49]

Answer:

b. Assuring that no loss will occur.

Explaination:

Most businesses want to make profits, therefore certain measures are usually taken to achieve this objective. One such measure used is called internal control systems.

Internal control systems in most organizations includes set of rules, policies, and procedures to be followed by employees to increase efficiency of operations. Achieving increase efficiency would result in lesser losses

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3 years ago
Tanner Entertainment is a popular video game manufacturer. It has recently launched a special line of adventure video games, bas
masya89 [10]

Answer:

A concentration approach                                

Explanation:

In simple words, The Concentration strategy relates to a proactive approach where the focus of a corporation is a trading bloc or component. This helps the organisation to spend more money in manufacturing as well as marketing within that one region, but increase the chance of substantial losses in case of a decline in revenue or a rise in competition.

6 0
3 years ago
Miklos, who does not understand english, is asked by carl to sign a piece of paper that carl says is an application to open a ba
AlexFokin [52]
C) <span>fraud in the inducement.</span> is your answer. Hope this helps!
8 0
3 years ago
On January 1, 2018, the Accounts Receivable and the Allowance for Doubtful Accounts balances of Kendall Company were $40,000 and
aivan3 [116]

Answer:

Bad Debt Expense = $652

Explanation:

Ending balance [Un-adjusted) = Beginning balance + Credit sales - Cash collected  - Written off

Ending balance [Un-adjusted) = $40,000 + $80,000 - $78,200 - $500

Ending balance [Un-adjusted) = $41,300

Allowance For Doubtful Accounts = Beginning balance - Written off

Allowance For Doubtful Accounts = $1,500 - $500

Allowance For Doubtful Accounts = $1,000

Adjusted amount required = $41,300 × 4%

Adjusted amount required = $1,652 Credit

Un-adjusted balance available = $ 1000 Credit

Bad Debt Expense = Adjusted amount required - Un-adjusted balance available

Bad Debt Expense = $1,652 - $1,000

Bad Debt Expense = $652

7 0
3 years ago
I want to take a survey of students at my university to find out what proportion like the new bus service on campus. how many wi
laiz [17]

Answer:

N = 3,120 (Approx)

Explanation:

Given:

z- score for 99% confidence = 2.58

Proportion (P) = 75% = 75 / 100 = 0.75

E = 2% = 0.02

Q = 1 - P = 1 - 0.75 = 0.25

Computation:

N = (Z/E)^2 \times pq

N = (2.58/0.02)^2 \times (0.75 \ times 0.25)

N = (129)^2 \times (0.1875)

N = (16,641) \times (0.1875)

N = 3,120.1875

Therefore, N = 3,120 (Approx).

5 0
3 years ago
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