Explain how budgeting helps in running a business efficiently and effectively.
Question:
Explain how budgeting helps in running a business efficiently and effectively.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 0% (1 review)
Budgeting plays a crucial role in running a business efficiently and effectively by providing a framework for financial planning resource allocation and performance monitoring Heres how budgeting cont...View the full answer
Answered By
Talha Talib
I am a member of IEEE society. As i am a student of electrical engineering badge 17 but beside of this i am also a tutor in unique academy. I teach calculus, communication skills, mechanics and economics. I am also a home tutor. My student Muhammad Salman Alvi is a brilliant A-level student and he performs very well in academics when i start to teach him. His weak point was mathematics but now he is performing well in mathematics. I am a scholarship holder in Fsc as i scored 1017 marks in metric out of 1100. Later on i got scholarship in Punjab Group of Colleges. I got 2nd position in robotics competition in 2018 as my project home automation select for the exhibition in Expocentre.
4.60+
23+ Reviews
62+ Question Solved
Related Book For
Accounting
ISBN: 9780730363224
10th Edition
Authors: John Hoggett, John Medlin, Keryn Chalmers, Beattie Claire, Hellmann Andreas, Maxfield Jodie
Question Posted:
Students also viewed these Business questions
-
1.) What are the three key financial statements? Explain their purpose and type of information provided by each. Income Statement - The income statement shows the performance of the company all...
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
Ted is an audit manager with a national public accounting firm and one of his clients is Easy Clean, Co. Easy Clean provides industrial and domestic carpet steam-cleaning services. This is the first...
-
Because Natalie has been so successful operating Cookie Creations, Katy would like to have Natalie become her partner. Katy believes that together they will create a thriving cookie-making business....
-
During the current year, XYZ Company increased its variable SG&A expenses while keeping fixed SG&A expenses the same. As a result, XYZ's: a. Contribution margin and gross margin will be lower. b....
-
Let us consider another set of mutually exclusive projects as shown in the following table: Which project has higher margin of safety? Project P Project Q Co 50,000 10,000 C 60,000 16,000 NPV (10%)...
-
Horizontal analysis analyzes: a. Comparable companies. b. Changes in expenses as a percent of sales. c. Changes in expenses as a percent of total assets. d. Changes in balances from one year to...
-
(Pension Expense, Journal Entries) The following information is available for the pension plan of Brady Company for the year 2010. (a) Compute pension expense for the year 2010. (b) Prepare the...
-
Kindly help me to get answers for these questions. Thank you. A loan is issued bearing interest at a rate of 9% per annum and payable half-yearly in arrear. The loan is to be redeemed at f110 per...
-
The best way to conduct performance evaluation is to determine broad business goals and prepare a financial plan in which senior management is responsible for the whole business. Discuss.
-
Selcombe, Selcombe and Selcombe Media are three generations of the one family involved for nearly 50 years in providing public relations services. The firm is preparing its fees budget for the year...
-
Aragorn Company reported these figures for 2025 and 2024: Requirements 1. Compute Aragorn Companys earnings per share for 2025. Assume the company paid the minimum preferred dividend during 2025....
-
Let's say you want to adjust the market cap in your EQS search to increase the number of matches. what should you click to make it happen most efficiency? < > US 10 Year Index EQS Related Functions...
-
3. Today is period 0. Consider the following default-free securities. A two year zero coupon bond, which pays $1000 in period 2, currently costs $869.36. A three-year annuity that pays $1000 at the...
-
Restore Company manufactures jeans. In June, Restore made 500 pairs of jeans, but had budgeted production at 800 pairs of jeans. The allocation base for overhead costs is direct labor hours. The...
-
Can you think of a personal example of how you witnessed or went through an experience that would be considered a preferred dysfunctionality or dispreferred functionality? Describe how this event...
-
What are the five personal qualities that Baker states employers seek? 2. What are the three main types of proposals? 3. What was one of the most important things you found that was new or you were...
-
The following accounts and their balances were selected from the unadjusted trial balance of Sailors Inc., a freight forwarder, at August 31, the end of the current fiscal year: Preferred 3% Stock,...
-
At the beginning of the year, Lam Ltd. had total assets of $800,000 and total liabilities of $500,000. Use this information to answer each of the following independent questions. (a) If Lam's total...
-
What is done to record properly a transaction involving the issuance of a non-interest-bearing long-term note in exchange for property?
-
What is done to record properly a transaction involving the issuance of a non-interest-bearing long-term note in exchange for property?
-
What is done to record properly a transaction involving the issuance of a non-interest-bearing long-term note in exchange for property?
-
Post a comment on either Ralwsian, utilitarian, or libertarian conceptions of justice. Which do you think might work in your workplace? . Comment on the ethical justification of outsourcing jobs from...
-
OCM My Home ener O*NET Interest Prof... Adaptive Assignment Chapter 9 9.3 Plant Asset Disposals Cash Current Students | S... Type here to search Tellado Industries, a calendar-year company, purchased...
-
The owner of a property has never lived in the property but holds title. In this case, the owner is OA) required to deliver the Residential Property Condition Disclosure Statement to the buyer. B)...
Study smarter with the SolutionInn App