Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 02, 2024

Use examples to explain your answers. 1. What is a budget? Why is budgeting important? 2. What is a variance? How can variances be used

Use examples to explain your answers.

1. What is a budget? Why is budgeting important?

2. What is a variance? How can variances be used in evaluating the performance of an organization? Use examples to explain your answer.

3. What is a sales budget? Explain two factors that need to be considered when forecasting sales.

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

University Auditing In The Digital Era Challenges And Lessons For Higher Education Professionals And CAEs

Authors: Sezer Bozkus Kahyaoglu; Erman Coskun

1st Edition

0367553228, 9780367553227

More Books

Students also viewed these Accounting questions

Question

★★★★★

This problem shows you how to make a better blend of almost anything. Let x 1 , x 2 , x n be independent random variables with respective variances 2 1 , 2 2 , , 2 n . Let c 1 , c 2 , ., c n be...

Answered: 1 week ago

Question

★★★★★

The Hubble Space Telescope has a mirror diameter of $2.4 \mathrm{~m}$. Suppose the telescope was used to photograph the surface of the moon from a distance of $3.8 \times 10^{8} \mathrm{~m}$....

Answered: 1 week ago

Question

★★★★★

=+ (c) Show that Q is finitely additive on $1. Show that Q(H) = P(H).

Answered: 1 week ago

Question

★★★★★

From the following trial balance taken after one month of operation, prepare an income statement, a statement of owner's equity, and a balancesheet. TJ's Paint Service Trial Balance July 31, 20--...

Answered: 1 week ago

Question

★★★★★

14. At December 31, 2020, Bilgin Inc. reported Accounts Receivable of $700,000 and Allowance for Doubtful Accounts of $3,500. On March 20, 2021, Tasdemir Inc. (one of the customers of Bilgin Inc.)...

Answered: 1 week ago

Question

★★★★★

For the function whose graph is shown below: y = f(I) a) Explain why the curve is, indeed, the graph of a function. b) Evaluate f(-4), f(3), and f(4). c) Find the domain and range of the function. d)...

Answered: 1 week ago

Question

★★★★★

state the current situation of Learnenow inc and describe the team's goals and the desired outcome should be?

Answered: 1 week ago

Question

★★★★★

A collector found a bone near a former Mayan territory. After careful research it has been determined that the bone lost about 8% of its Carbon-14. Approximately how old is the bone? Could it have...

Answered: 1 week ago

Question

★★★★★

Sweet Memories Inc (for Q11-13) Sweet Memories Inc is a company that produces Customized Family Portraits. Preparing a Family Portrait involves 3-steps: Collect the Images and Stories, Edit, and...

Answered: 1 week ago

Question

★★★★★

5. An outside manufacturer has offered to produce 86,000 Daks and ship them directly to Andretti's customers. If Andretti Company accepts this offer, the facilities that it uses to produce Daks would...

Answered: 1 week ago

Question

★★★★★

Howard is in the 33% tax bracket, so his after-tax profit is 67% of his before-tax profit. He invests $10,000 in a certain stock, whose annual return is normally distributed with mean 5% and standard...

Answered: 1 week ago

Question

★★★★★

Teamwork. Ethics. Form groups with four or five students in each. Each member of the group will choose a specific cultural dimension from among the following: ethnicity, race, gender, age, or...

Answered: 1 week ago

Question

★★★★★

Teamwork. Form groups of four to seven people. Discuss the importance of diversity initiatives in businesses. Plan an agenda for a seminar that could help people in a business understand the needs...

Answered: 1 week ago

Question

★★★★★

Technology. Global. Ethics. Interview a student, a businessperson, or a visiting lecturer who is a native of another country or who has spent extensive time in a particular country other than the...

Answered: 1 week ago

Previous Question Next Question