Using the previous budget as a starting point and making adjustments to the funds allocated to each expense category is the budgeting approach known as incremental budgeting.
What is incremental budgeting?The concept behind incremental budgeting is that the easiest way to create a new budget is to just make minor adjustments to the one that is already in place.In other words, incremental budgeting involves starting with the present budget and adding or subtracting incremental assumptions to arrive at new budget numbers. In terms of budgeting techniques, incremental budgeting is frequently regarded as the most conservative strategy.Entrepreneurship is extremely dangerous, but it can also be very rewarding because it contributes to economic growth, innovation, and wealth.For entrepreneurs, securing money is essential: SBA loans and crowdsourcing are two forms of finance.The manner business owners file their taxes and pay them will depend on the organizational structure of their company.To know more about incremental budgeting with the given link
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Which factors do managers consider when establishing performance objectives?
The factors do managers consider when establishing performance objectives are:
B. The company's internal capabilities
C. Economic conditions within the industry
D. Competition from other businesses
The 5 key commercial enterprise performance objectives for any organization consist of satisfaction, pace, dependability, flexibility, and price. in terms of business performance objectives, you're likely aware that performance and productiveness are vital.
Some examples of patron-centered key performance objectives consist of attendance. employees have to display paintings to provide fine customer support. Set a purpose of a percent or number of attendance days the worker needs to meet inside the overall performance duration.
The objective here is to make fewer errors, accomplish greater and bring better output through the years. offer a particular measure to help the worker determine their paintings. inspire the employee to be more strategic in their approach to paintings.
Disclaimer: The question is incomplete. Please read below to find the missing content.
Question: Which factors do managers consider when establishing performance objectives?
Check all that apply.
A. The strategic visions of rival businesses
B. The company's internal capabilities
C. Economic conditions within the industry
D. Competition from other businesses
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Milton friedman argued that consumers are more likely to alter their behavior based on.
Milton Friedman argued that consumers are more likely to alter their behavior based on changes in the long-term changes in the economy.
About Milton Friedman :
Milton Friedman gave a economic theory called monetarism, that refer to the control of money in the economy. Friedman gave an idea that changes in the money supply have long-term and short term effects.
Friedman argued that consumer behavior is influenced by the long-term changes in the economy. Long term changes in economy influence consumer behavior in spending money for their goods. for example: If Long term changes in economy are positive then the consumption by consumers increases otherwise it will decrease.
Hence, the correct answer is "long-term changes in the economy."
The missing part of question is :
changes in the unemployment rate.
short-term changes in the economy.
long-term changes in the economy.
changes in the inflation rate.
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Assume that spaghetti is an inferior good for most people. as peoples' incomes increase, all other things held constant, the demand for spaghetti will?
Assume that spaghetti is an inferior good for most people. as peoples' incomes increase, all other things held constant, the demand for spaghetti will decrease.
In general economics, an inferior good is a good whose demand decreases when the income of consumer rises.
Demand for inferior goods increases when consumer income decreases, Unlike normal goods, the opposite is observed. Normal goods are those goods for which the demand rises with the increase in consumer income.
An inferior good is an economic word which describes the goods which fall out of favor as incomes and the economy improve as consumers begin buying more costly substitutes instead.
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True or false: most managers believe that short-term returns are better predictors than long-run historical returns
Western company determines the cost of its inventory is $410,000 and net realizable value is $400,000. western company should:____.
Western company should record inventory at net realizable value that is $400,000. The lower of cost and net realizable value approach may be used for individual inventory items, categories of inventory, or the total inventory for financial reporting purposes.
GAAP permits the application of LCNRV to specific items, groups of items, or the entire inventory. When determining an asset's value for the inventory accounting, the net realizable value method is frequently utilized. Accounts receivable and inventory are two of the biggest assets that a firm may disclose on a balance sheet. Both of these asset classes are valued using the NRV method.
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What is the journal entry to recognize gross profit when revenue is recognized upon completion of a long-term construction project?
Debit: Construction in Progress, Debit Cost of Construction
Credit: Revenue from Long-Term Contract
What is a Journal Entry?A journal entry is an act of maintaining or producing records of any economic or non-economic transaction. An accounting journal, which shows a company's debit and credit balances, records transactions. The journal entry can be made up of many records, each of which is either a debit or a credit.
What is included in a Journal Entry?One critical aspect of journal entries is that they must have sufficient information to accurately depict the actual transaction. Instead of just having account balances, we can go back and look at journal entries to determine what happened and whether anything was entered erroneously.
A journal entry includes the following elements:
The transaction's dateThe account name and number for each affected accountThe credit and debit balancesA reference number that acts as the transaction's unique identification.A synopsis of the transactionTherefore Journal entry in the given situation is as follows:
Debit: Construction in Progress, Debit Cost of Construction
Credit: Revenue from Long-Term Contract
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How did woodrow wilson try to regulate the economy? wilson attacked foreign goods and erected trade barriers against them. wilson supported a flat tax, which taxed the wealthy and the poor at the same rate. wilson attacked the tariffs, the banks, and the trusts..
The Correct Option : Wilson attacked foreign goods and erected trade barriers against them.
How did Woodrow Wilson regulate the economy?Woodrow Wilson claimed his place within the Progressive movement with his economic reform package, "the New Freedom." This agenda, which passed congress at the end of 1913, included tariff, banking, and labor reforms and introduced the income tax.
Wilson's most important proposal was the prevention of future wars by means of a new international organization, a league of nations, open to membership by all democratic states.
This new world body would be in charge of disarmament and the dismantling of colonial possessions.
Who was Thomas Woodrow Wilson ?Thomas Woodrow Wilson was an American politician and academic who served as the 28th president of the United States from 1913 to 1921. A member of the Democratic Party, Wilson served as the president of Princeton University and as the governor of New Jersey before winning the 1912 presidential election.
Therefore, we can conclude that the correct option is : Wilson attacked foreign goods and erected trade barriers against them.
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When dealing with the history of capital market returns, an average stock market return is useful because it:_______.
When dealing with the history of capital market returns, an average stock market return is useful because it simplifies detailed market data & is the best estimate of any one year's stock market return during the specified period.
Historical returns are frequently linked to a security's or index's previous performance, such the S&P 500. When attempting to forecast future returns or predict how a security could respond to a specific circumstance, such as a decline in consumer spending, analysts look at historical return data.
When predicting the standard deviations of upcoming data points, historical returns might also be helpful.
A security or market's past performance can be understood by analyzing historical data, which ranges from predictable economic cycles to unexpected exogenous global occurrences.
Investors interpreting historical returns should keep in mind that past performance does not guarantee future performance.
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A bond was issued on march 1, 2021. The interest dates of the bond are february 1 and august 1. The number of total months of interest expense incurred for the year ended december 31, 2021 should be?
A bond was issued on March 1, 2021. The interest dates of the bond are February 1 and August 1. The number of total months of interest expense incurred for the year ended December 31, 2021 should be ten months. As bond is issued on March 1, 2021 so interest month starts from it and till December 31, 2021 ten months interest expense incurred.
Bond is a debt and a loan taken by the company. Bond is a loan from an investors who buy their bonds in which return they get interests from the company as specified in the agreement. Interest can be paid to investors annually or on time which is mentioned in the agreement. Like here interest dates are February 1 and August 1.
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When the cost curves have u-shapes, at the point where marginal cost equals average total cost:_______
The point at which marginal cost equals average total cost (MC = ATC) is known as the break-even point.
What happens if the marginal cost curve is U shaped?
The Marginal Cost curve has a U-shaped structure because total costs and variable costs first rise at a declining rate as a firm increases output. Economies of scale and the Law of Diminishing Returns cause the marginal cost to decrease to its lowest point at this point.
What does U shaped average cost curve show?
Because all fixed costs are incurred prior to any production, the average cost curve often has a U-shape, and marginal costs are typically rising due to declining marginal productivity.
What is break even point?
The break-even threshold is reached when overall costs and total revenues are equal, leaving your small firm with no net benefit or loss. In other words, you've achieved the point in production where the revenue from a product equals the cost of manufacture.
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The three general categories of pre-alerts are __________________, information, and details.
The three general categories of pre-alerts are inquiries, information, and details.
A pre-alert is a shipment notification that the freight forwarder at origin sends to the freight forwarder or customs broker at the destination so that they can make arrangements for the import clearance and delivery in advance.
It indicates that the package has already been loaded and provides other crucial shipment information like the predicted arrival time.
In shipping, a pre-alert can serve a variety of functions. The pre-alert is utilized for in-depth distribution and planning by the importer or consignee. It is mostly utilized by the freight forwarder to submit the on-carriage and the inward foreign manifest.
In shipping, a pre-alert can serve a variety of functions. The pre-alert is utilized for in-depth distribution and planning by the importer or consignee.
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In which of the five basic supply chain activities do you prepare to manage all resources required to meet demand?
In Plan of the five basic supply chain activities prepare to manage all resources required to meet demand.
Manufacturing companies can benefit from a thorough supply chain planning system in areas like material management, waste reduction, and working capital optimization.
The process of precisely planning a material's or a product's route from the raw material stage to the end user is known as supply chain planning. Several procedures are included in this, including supply planning, demand planning, production planning, distribution planning, operations planning, and sales planning.
According to research, 79% of companies with high-performing supply networks have faster revenue growth than the sector average.
Additionally, businesses with the best supply networks benefit from 15% lower supply chain expenses, inventory holdings of less than 50%, and cash-to-cash cycles that are 3 times faster.
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According to the tort doctrine of ________, any time an employee is liable for tortious acts in the scope of employment, the employer is also liable.
Answer is vicarious liability.
Vicarious liability is a legal concept that describes the legal responsibility that one party may have for activities that cause injury, even though they are not the individual who created the harm directly.
The goal of the vicarious responsibility concept is to compensate the victim by holding the responsible person liable for the injury. Companies are held legally accountable for the crimes committed by their workers while on the job. The following are the components of vicarious liability: (1) There must be a certain type of relationship. (2) The incorrect behavior must be somehow connected to the connection.
Therefore, the answer is vicarious liability.
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What is the main distinction between an experimental design and a quasi-experimental design?
The experimental designs demonstrate that the independent variable is related to the outcome, whereas the quasi-experimental design allows for independent variables which stand alone.
In order to evaluate the effect of an intervention, an experimental design is used. Here the participants are randomly divided into 2 groups- A treatment group and a control or comparison group.
On the other hand, a quasi-experimental design is a non-randomized study design used in order to evaluate the effect of an intervention. Thus, the intervention can be a training program, a policy change or a medical treatment.
Hence, experimental design and quasi-experimental design have their own differentiation.
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Which two aspects of the Continuous Delivery Pipeline generally require the highest degree of collaboration between Product Owners and Product Managers?
The aspects of the Continuous Delivery Pipeline generally that require the highest degree of collaboration between Product Owners and Product Managers include continuous exploration and the release on demand.
What is product management?It should be noted that Product management is the business process of planning, developing, launching, and managing a product or service.
In this case, includes the entire lifecycle of a product, from ideation to development to go to market.
Therefore, the aspects of the Continuous Delivery Pipeline generally that require the highest degree of collaboration between Product Owners and Product Managers include continuous exploration and the release on demand.
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Phil owns 150 acres in fee simple absolute. tThese 150 acres are known as his?
Phil owns 150 acres in fee simple absolute. These 150 acres are known as his ownership
What is ownership?Ownership is the legal possession and control of property, which can be any tangible or intangible asset. Ownership can involve multiple rights, referred to collectively as title, that can be separated and held by different parties.
The legal right of an individual, group, corporation, or government to possess a thing is referred to as ownership. Material and immaterial things are the two types of subjects of ownership. Material ownership refers to tangible items such as property, land, a car, a book, and so on.
The legal right to use, possess, and give away something is defined as ownership. Ownership can be of tangible things like personal property and land, or of intangible things like intellectual property rights.
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_________ stimulated capitalism through the emphasis placed on hard work and thriftiness.
Protestantism stimulated capitalism through the emphasis placed on hard work and thriftiness.
Protestantism believes that it takes both good deeds and faith in God to get to heaven. Protestants believe that it is necessary to believe in God alone in order to go to Heaven, a principle known as Sora Fide. Catholics believe that it takes both good deeds and faith in God to get to Heaven. It is the main movement of Western Christianity that spread to
Protestantism believes that it takes both good deeds and faith in God to get to heaven. Protestants believe that it is necessary to believe in God alone in order to go to Heaven, a principle known as Sora Fide. Catholics believe that both good deeds and faith in God are required to get to Heaven.
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_____ is defined as not having enough money to maintain an average standard of living
poverty is defined as not having enough money to maintain an average standard of living
Poverty is the state of a person who lacks customary or socially acceptable amounts of money or material possessions. Poverty is when people lack the means to meet their basic needs. In this context, identifying the needy first requires determining what constitutes a basic need. But poverty is more than just not having enough money. The World Bank Organization describes poverty as Poverty is Lack of Shelter
Poverty means more than a lack of income and productive resources to ensure a sustainable livelihood. Its manifestations include hunger and malnutrition, limited access to education and other basic services, social discrimination and exclusion, and lack of participation in decision-making processes
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Items of personal property used in connection with the real estate, such as appliances or furniture, are called__________.
Items of personal property used in connection with the real estate, such as appliances or furniture, are called Fixture.
An object that was once personal property, but which has now been firmly attached to the land in such a way that it becomes part of the real estate.
The primary criterion for determining whether or not something is a fixture has to do with how it is attached. An item is regarded as a fixture if it is physically and firmly connected to the property.
This comprises objects that have been fastened to walls, floors, ceilings, or other parts of the house using bolts, screws, nails, glue, or cement.
The traditional illustration of this is a window treatment. Typically, because they are physically attached to the window frame, items like blinds and shades are regarded as fixtures that must remain with the home.
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Owner contributions and retained earnings are combined in a single capital account on the balance sheets of?
Owner contributions and retained earnings are combined in a single capital account on the balance sheets of .proprietorships.
A sole proprietorship, also known as a sole proprietorship, sole proprietorship, or sole proprietorship, is a form of business owned and operated by a single person where there is no legal distinction between owner and business entity. Sole proprietorships do not necessarily work alone and may employ other people.
Examples of sole proprietors include small businesses. B. A one-person art studio, grocery store, or IT consulting service. The moment you start offering goods and services to others, you become a sole proprietorship.
A sole proprietorship is a business owned and controlled by an individual, corporation, or limited liability partnership. The company has no partners. Sole proprietorship legal status can be defined as follows: It is not a legal entity separate from the business owner.
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How does the recognition of amortization of an intangible asset expense affect the elements of the financial statements?
Decreases assets and equity, and does not affect cash flow.
What Is the Intangibles Amortization Process?The process of depreciating the cost of an intangible asset over the asset's anticipated life for tax or accounting purposes is known as amortization of intangibles, or simply amortization. Patents and trademarks are examples of intangible assets that are amortized into the amortization expenditure category. Depreciation is used instead to write off tangible assets. There may be a difference between how much amortization is used for tax purposes and how much is used for corporate accounting purposes.
Amortization Types.
A corporation has a choice of six amortization techniques for accounting (financial statement) purposes: straight line, falling balance, annuity, bullet, balloon, and negative amortization. For accounting purposes, there are only four depreciation techniques that are acceptable: straight line, decreasing balance, the sum of years' digits, and units of production.
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Suppose a bookie will give you $2 for every $1 you risk if you pick the winners in three games of a sport on a parlay card. thus, for every $1 bet, you will either lose $1 or gain $1. what is the bookie's expected earnings per dollar wagered
$10 is the bookie's expected earnings per dollar wagered
What is earnings per dollar?The price-to-earnings ratio, in essence, reflects the amount of money an investor may expect to invest in a firm in order to obtain $1 of that company's earnings. This is why the P/E ratio is also known as the price multiple, as it indicates how much investors are ready to pay each dollar of earnings.
Analysts want to see a lower number for the Price-to-Sales Ratio. A ratio less than one shows that investors are investing less than $1 for every $1 in revenue earned by the company.
The formula for determining a stock's price-earnings ratio is straightforward: the market value per share divided by earnings per share (EPS).
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If $300 is invested at a rate of 6% per year and is compounded quarterly, how much will the investment be worth in 12 years? use the compound interest formula a equals p times the quantity 1 plus r divided by n end quantity raised to the power of n times t..
The future value of the investment is 6,130.43.
What is the future value of the investment?When an investment earns a compound interest that is compounded quarterly, it means that both the amount invested and the interest accrued would increase in value every quarter.
The formula that can be used to determine the future value is:
FV = P (1 + r)^nm
Where:
FV = Future value P = Present value R = interest rate : 6% / 4 = 1.5%m = number of compoundingN = number of years3000 x (1.015)^(12 x 4) = 6,130.43
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Which business is required to complete schedule l, m-1, and m-2 to report balance sheet information on its return?
A partnership is required to complete schedule l, m-1, and m-2 to report balance sheet information on its return. The section of Form 1065, U.S. Return of Partnership Income known as Schedule M-2. The sum of the amounts indicated in Part II, Item L of each partner's Schedule K-1 should match the amounts on Schedule M-2.
Because evaluating changes to capital accounts should be consistent with income reporting and the balance sheet, the IRS uses this area of the tax return to check the correctness of tax reporting (Schedule L). Analysis of Partner's Capital Accounts is where the partnership informs the IRS of the changes to the partners' capital accounts on the partnership's books and records.
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Using _____, an analyst can show business functions and break them down into lower-level functions and processes.
Using a functional decomposition diagram, an analyst can show business functions and break them down into lower-level functions and processes.
A business is an activity that makes a living or makes money by manufacturing or buying and selling products. It is also a “commercial activity or enterprise”.
Company means an organization or company engaged in commercial, industrial, or professional activity. A business can be either a commercial enterprise or a non-profit organization. Legal forms range from limited liability companies to sole proprietors, corporations and partnerships.
The definition of business is the profession or trade, the buying and selling of goods or services for profit. A business example is agriculture. An example of a transaction is the sale of a home. noun.
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Funding from politically active nonprofits whose donors and amounts contributed do not have to be made public is called:_______
A secretive funding refers to those funding from politically active nonprofits whose donors and amounts contributed do not have to be made public.
What is a secretive funding?This refers to the process of the hidden method used by a political party to raise money for its campaigns and routine activities.
The secretive funding of the political parties is also an aspect of its campaign finance.
Hence, the secretive funding refers to those funding from politically active nonprofits whose donors and amounts contributed do not have to be made public.
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Costs incurred by a nonconforming product detected before it is shipped to customers are:_________
The cost is known as the external failure cost.
External failure costs are those incurred as a result of product problems after the product has been sold to customers. These expenses include legal fees for customer lawsuits, lost future sales from unsatisfied consumers, product recalls, product return charges, and warranty costs. These costs can be significant if the outcome is a loss of consumers, especially if such customers prefer to buy a company's products frequently.
External failure costs occur when a flaw is detected after the product has been delivered to the consumer. This is the most costly quality cost category. Product returns, repairs, warranty claims, damaged reputation, and lost business are all examples.
Therefore, the answer is external failure cost.
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The business process management cycle begins by creating a model of the existing business processes.
a) true
b) false
The business process management [BPM] cycle begins by creating a model of the existing business processes is true.
Business Process Management is how a company creates, edits, and analyzes the business processes that makes up its core. The purpose of BPM is not handle a task or a project. The objective is to focus on repetitive and ongoing processes that follow a process management. It ensures that the processes of a business are articulated and running optimally.
BPM consists of five steps:
1. Design
2. Model
3. Execute
4. Monitor
5. Optimize
Further it can be categorized on the basis of the purpose they serve. The three types of BPM are:
Integration Centric, Human- Centric BPM, Document centric.
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Isadora, a finance manager, is budgeting for the company's new line of production equipment. this equipment, which will be used for 20 years or more, is handled out of a(n) ________ budget
Isadora, a finance manager, is budgeting for the company's new line of production equipment. this equipment, which will be used for 20 years or more, is handled out of a(n) capital budget.
When evaluating the profitability of a business opportunity or asset, such as when entering a new market or purchasing new machinery, capital budgeting uses a number of formulas.
The capital budgeting procedure used to decide strategically whether to accept or reject a suggested investment project.
Investors may view a business owner's decision to make a long-term investment without capital budgeting as reckless. You can better comprehend a project's possible risks and rewards by using the capital budgeting analysis.
When pursuing a new investment project, a capital budget can also help with securing additional financing from banks or investors.
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Because political risk is seldom negotiable, it cannot be explicitly addressed in multinational corporate financial analysis. True False
This is false Because political risk is seldom negotiable, it cannot be explicitly addressed in multinational corporate financial analysis.
Political risk is the possibility that a country's political unrest or changes could have a negative impact on an investment's results. A change in the executive, judicial, legislative, or military branches of government could cause instability that would have an impact on investment returns.
Government policy adjustments to alter controls imposed on exchange rates and interest rates may result in political dangers. Additionally, lawful government acts like limitations on pricing, outputs, activities, and currency, and remittance restrictions might result in political risk.
Political risks can thus be classified into two categories, such as macro risks and micro risks, based on the situations.
Political risk for multinational corporations is the possibility that the host nation will take political actions that prove to be detrimental to the company's objectives or financial performance.
A multinational corporation (MNC) that grows globally faces risks specific to the various nations and regions in which it seeks to operate, such as institutional failures, criminality, political instability, and violence, as well as changes in currency exchange rates.
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