Benefit of budgeting

Assignment Help Accounting Basics
Reference no: EM13123702

Which of the following is not a benefit of budgeting?

a. It uncovers potential bottlenecks before they occur.

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

c. It ensures that accounting records comply with generally accepted accounting principles.

d. It provides benchmarks for evaluating subsequent performance.

Reference no: EM13123702

Questions Cloud

Find out the net present value for each machine : Find out the net present value for each machine and decide which machine should be purchased if the required rate of return is 10 percent. Ignore taxes
Calculate sampling interval and sample size : The auditors wish to test the valuation of accounts receivable in the audit of Seaside Enterprises. The client has $5,000,000 of total recorded receivables, composed of 2500 accounts.
Illustrate what is the break-even point in units if variable : If fixed costs are $561,000 and the unit contribution margin is $8.00, illustrate what is the break-even point in units if variable costs are decreased by $.50 a unit?
Which industry is labor intensive : Give the percentage change in the rental on capital and percentage change in wage and compare the magnitude of the percentage in the rental on capital with percentage change in wage in part (b). Use notational format.
Benefit of budgeting : Which of the following is not a benefit of budgeting?
How will the development above effect the accounting : What are several possible explanations for the markdown and slow sale of common waleth Edison's bonds?
What is the change in energy in joule : A 150 -g sample of water is cooled from 30 degrees C to 15 degrees C, thereby losing approximately 9420 J of heat. What is the change in E in J.
Probability-newspaper-s sample will lead to predict defeat : Suppose the budget has the support of 53% of voters. What is the probability that the newspaper's sample will lead it to predict defeat? The probability is...........round to 2dp.
Graph that fits the data : Use the given information to draw the graph of f(x) on an interval near the indicated point (x=3). If there is not enough information given, then state this fact.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Fixed asset depreciation-cisco and funseth farms examples

Funseth Farms, purchased a tractor in 2008 at a cost of $30,000. The tractor was sold for $3,000 in 2011. Depreciation recorded through the disposal date totaled $26,000.

  Discuss cash dividends and stock dividends

Discuss cash dividends and stock dividends. How is each recorded? When each is issued, what is the affect may it have on assets, liabilities and owner's equity?

  Discretionary and nondiscretionary fiscal policy

Analyze the difference between discretionary and nondiscretionary fiscal policy. Explain the effects of discretionary and nondiscretionary fiscal policy on governmental revenue and expenditures.

  Define difference between sales journal and accounts

Can you distinguish between accuracy of tests of gross accounts receivable and tests of the realizable value of receivables?

  Reduction in direct-material cost

Yale requires a modification of the design that will allow a $4 reduction in direct-material cost.

  What is the variable production cost per unit

Top Disc manufactures frisbees. The following information is available for 2013 , the company's first year in business when it produced 325,000 units. Revenue of $450,000 was generated by the sale of 180,000 frisbees.

  How much will appling''s earnings be increased

By how much will Appling's earnings be increased or decreased by the bonds (ignoring taxes) in the December 31 annual financial statements?

  Corporation files for bankruptcy

In 2001, Donna sells 100 of these shares to Walter (a family friend) for $100,000. In 2007, Egret Corporation files for bankruptcy, and its stock becomes worthless.

  Payroll entries-oates company

Oates Company's payroll for the week ending January 15 amounted to $50,000 for Office Salaries and $100,000 for Store Wages. None of the employees has reached the earnings limits specified for federal or state employer payroll taxes. The following..

  Explain your typical customer''s needs

How has the doubling of your firm's customer base every 6 months affected its ability to maintain this focus on the customer? If this dramatic growth continues, what are some specific actions your firm will take to retain its goal of "focus on the..

  Compare and contrast the gasb standards setting process

Discuss the rationale for GASB requiring raw sets of financial statements, each with a different measurement focus and basis for accounting for government activities. Do you agree with this rationale or not? Explain why.

  Role of certified public accountants

Why are certified public accountants expected to maintain higher standards than society in general?

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