Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Aug 01, 2024

10. Explain two reasons why a business should prepare a budget for short and long periods. (2 points)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Optimization Methods In Finance

Authors: Gérard Cornuéjols, Javier Peña, Reha Tütüncü

2nd Edition

1107056748, 9781107056749

More Books

Students also viewed these Accounting questions

Question

★★★★★

Garrison Oil Company has an account titled Oil and gas properties. Garrison paid $6,400,000 for oil reserves holding an estimated 500,000 barrels of oil. Assume the company paid $530,000 for...

Answered: 1 week ago

Question

★★★★★

Why do you think communication between the person preparing a forecast and the forecast user is important? Give several specific places in the nine-step forecast process where you think such...

Answered: 1 week ago

Question

★★★★★

Is this the best time to buy?

Answered: 1 week ago

Question

★★★★★

The following transactions occurred for London Engineering: The following transactions occurred for London Engineering: Jul 2 Paid utilities expense of $400. 5 Purchased equipment on account, $2,100....

Answered: 1 week ago

Question

★★★★★

Scrappers Supplies tracks the number of units purchased and sold throughout each accounting period but applies its inventory costing method at the end of each period, as if it uses a periodic...

Answered: 1 week ago

Question

★★★★★

Question 11 The number of units that can be produced in a given period of time is called turnover. O cycle time O velocity O efficiency

Answered: 1 week ago

Question

★★★★★

9. Your neighbor who has a job says, "I am having heart surgery in two months." When does your neighbor have to tell the employer about the surgery?

Answered: 1 week ago

Question

★★★★★

A group from the class in the previous question has identified a bug in their code that will take a minimum of 16 tasks T = {t1...t16} to resolve. How many ways are there to assign the tasks if (5...

Answered: 1 week ago

Question

★★★★★

During a heavy storm, lightning struck an office building that houses the data center of a small accounting firm. The lightning caused a fire that interrupted the electricity supply to the building...

Answered: 1 week ago

Question

★★★★★

Four samples of 50 products each are collected and the number of defects in each sample is given below. Determine the standard deviation of the average fraction defective. Sample 1 23 4 Number of...

Answered: 1 week ago

Question

★★★★★

1&2 Estimated Overhead was $6million. Estimated Machine hours were 100,000 hrs. Actual Overhead was 3,990,000 and actual machine hours were 68,000 hours. The over or under applied is not material. 1-...

Answered: 1 week ago

Question

★★★★★

What compensation policies and practicessalary, incentive plans, and benefitswill help produce the employee behaviors we need to achieve our strategic aims?pg 87

Answered: 1 week ago

Question

★★★★★

4. From what youve seen in this video, what exactly would you do to turn Hautelooks appraisal process into more of a performance management process?pg 87

Answered: 1 week ago

Question

★★★★★

5. Explain the difference between competency-based and traditional pay plans.pg 87

Answered: 1 week ago

Previous Question Next Question