User Account

All Pages

Describes static budgets and flexible budgets

Assignment Help Accounting Basics
Reference no: EM132591344

Budgeting is a tool used by management for performing the functions of planning, coordinating, and controlling operations of a business. Our textbook, Managing Accounting Concepts, describes 2 main types of budgeting: static budgets and flexible budgets. Differentiate between the 2 types of budgets and include the following in your response:

Question 1: Provide an example of the type of business or company that would benefit from using a flexible budget.

Question 2: Provide support for your business selection and include the advantage for using a flexible budget over a static budget.

Reference no: EM132591344

Questions Cloud

Difference between temperature and internal energy : 1. A cube and a sphere are made of the same material and have the same volume. Both objects are placed on a table.
Discuss how energy changes from one form to another : Discuss how energy changes from one form to another and name the types of energy involved during the skier's trip.
Determine net cash flow from operating activities for year : Record the Year 2 events in ledger accounts under an accounting equation. Determine net cash flow from operating activities for Year 2
Determining the y variable and the x variable : Which part of the equation represents the slope, the y- variable and the x-variable?
Describes static budgets and flexible budgets : Provide an example of the type of business or company that would benefit from using a flexible budget.Describes static budgets and flexible budgets.
Find the tension in the rope : A 40 kg box hangs 3 m from the right end. Find the tension in the rope.
Describe how the plan could be executed : Compare global, national, and local approaches to maximize innovation and creativity in IT projects. Develop findings and recommendations for an IT innovation.
Find the tension in the rope on the left : A 8 m long board that has a mass of 6 kg is held up by two vertical ropes. The left rope is 3 m from the left end of the board
Make the statement of retained earnings for the year : Discuss the restriction of retained earnings that the board of directors can impose and why it would be necessary. Prepare the statement of retained earnings

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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