Basics of benefit of budgeting

Assignment Help Accounting Basics
Reference no: EM13150771

Which of the following is not a benefit of budgeting?

A) It ensures that accounting records comply with generally accepted accounting principles.

B) It provides benchmarks for evaluating subsequent performance.

C) It coordinates the activities of the entire organization by integrating the plans and objectives of the various parts.

D) It uncovers potential bottlenecks before they occur.

Reference no: EM13150771

Questions Cloud

Draw sketch and find two-readings for cutoff values : Draw sketch and find the two-readings that are cutoff values separating the rejected thermos from the others. Graph and then note the cut off values.
What is the concentration of bacteria in the suspension : In counting a suspension of bacteria in a hemocytometer, you count 163 bacteria in one of the unit cells (e.g., 1 mm x 1 mm 0.1 mm). What is the concentration of bacteria in the suspension (to two significant digits)? [enter your answer in scienti..
Calculate the gdp of autoland using a : A glass factory sold $1,000,000 of glass to an automobile factory. An automobile factory sold $10,000,000 in automobiles to final consumers. Given these events, calculate the GDP of Autoland using a. the final goods approach. b. the value-add..
Select the stronger of each pair of acids : Choose the stronger of each pair of acids, respectively, and explain why: a) HBrO3 or HBrO b) HBrO2 or HIO2 A. a) HBrO because Br has a lower oxidation state (fewer number of O atoms around it) in HBrO than in HBrO3
Basics of benefit of budgeting : Which of the following is not a benefit of budgeting? A) It ensures that accounting records comply with generally accepted accounting principles. B) It provides benchmarks for evaluating subsequent performance.
Discuss the implications of the outsourcing of labor : Discuss the implications of the outsourcing of labor for the nation as a whole, and see if you can find an example to cite within the region, where a company or factory has shifted production to Asia or elsewhere overseas.
Briefly explain how radioactive decay : We know that all radioactive isotopes decay over time as they emit particles and change into daughter isotopes. Briefly explain how radioactive decay and the concept of a half life enables scientists to estimate the ages of rocks.
Determined that the firm cost function : The market demand curve for this product is estimated to be: Q = 6009 – 25P where Q is the number of plate covers per year and P is in dollars. Cost estimation processes have determined that the firm’s cost function is represented by TC = 120 + ..
List and describe the firms in the industry : List and describe the firms in the Industry. Describe the product, production methods, scale of production, and sources for raw materials. What technologies are used?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Amount of discount or premium amortization

Calculate the total dollar amount of discount or premium amortization during the first year (5/1/10 through 4/30/11) these bonds were outstanding. (Show computations and round to the nearest dollar.)

  Construction of the courthouse annex

Prepare a balance sheet for the Courthouse Annex Capital Project Fund, assuming all unexpended resources are restricted to construction of the courthouse annex.

  Prepare baileys journal entry to correct depreciation

In 2010, Bailey Corporation discovered that equipment purchased on January 1, 2008, for $50,000 was expensed at that time. The equipment should have been depreciated over 5 years, with no salvage value. The effective tax rate is 30%.

  Distributing two assets in a transaction

Susco distributed two assets in a transaction that qualified as a redemption.One asset had an adjusted basis of $100,000 and a fair market of $135,000.

  Ratio indicates the percentage of each sales

What ratio indicates the percentage of each sales dollar that is available to cover fixed costs and to provide a profit?

  Bond discount amortization schedule

Prepare a bond discount amortization schedule which shows the amortization of discount for the first two interest payment dates. (Round to the nearest dollar.)

  Detailed examination of outstanding accounts

A method of estimating bad debts expense that involves a detailed examination of outstanding accounts and their length of time past due is the:

  Calculate the return on equity for both companies

For the ROA, break both of them down into their two component ratios and prove they equal the returns calculated above.

  Evaluate the synergies gained for the company

evaluate the synergies gained for the company as a result of the business combination and how the combined business is better positioned to compete in the global marketplace.

  Primary responsibility of the external auditor

In determining the primary responsibility of the external auditor for a company's financial statements, the auditor owes primary allegiance to:

  Should any overhead costs be added to job q at the end

Should any overhead costs be added to Job Q at the end of the year?

  Define the term earnings per share

Define the term "earnings per share" as it applies to a corporation with a capitalization structure composed of only one class of common stock and explain how earnings per share should be computed and how the information should be disclosed in the..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd