Solution-Differentiate between the 2 types of budgets

Differentiate between the 2 types of budgets

Assignment Help Business Management

Reference no: EM133183712

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.

Respond to the following:

Differentiate between the 2 types of budgets.
Provide an example of the type of business or company that would benefit from using a flexible budget.
Provide support for your business selection and include the advantage of using a flexible budget over a static budget.

Reference no: EM133183712

Questions Cloud

Prepare the journal entry to record compensation expense : The exercise price is the market price of the shares on the date of the grant, $14 per share. Prepare the journal entry to record compensation expense

Different stages of vertical integration : International firms operate in different stages of vertical integration to obtain the parts and components of their end products.

Impact towards tourism industry in malaysia : How does Covid 19 gives impact towards tourism industry in Malaysia. Give your opinion.

Determine the materials price and efficiency variances : The company estimates standard costs at $1.50 per pound. Determine the materials price and efficiency variances for the month of May

Differentiate between the 2 types of budgets : Budgeting is a tool used by management for performing the functions of planning, coordinating, and controlling operations of a business. Our textbook, Managing

Reputation is belief in the mind of beholder : Explain how based on the idea that "reputation is a belief in the mind of the beholder," a firm may take the initiative to manage its reputation online.

Discuss the use of a patent by a software manufacturer : Discuss the use of a patent by a software manufacturer to protect against the unauthorized use of its software. Is this an effective approach? Which would you r

What is the increase in shareholders equity : On December 31, 2021, the current cost of the land was P2,200,000. In January 2022, the land was sold for P2,250,000. What is increase in shareholders equity

Case ace insurance company has leadership issues : Annie White and Chandan Patel each supervise twenty clerks at the head office of a large insurance company. The clerks perform routine tasks such as filing, wo

User Account

All Pages

Differentiate between the 2 types of budgets

Reference no: EM133183712

Reference no: EM133183712

Questions Cloud

Reviews

Write a Review

Business Management Questions & Answers

Corporate governance and corporate responsibility

Professional ethical issues prevalent in the industry

Conduct testing before implementing a project process

Rising real long-run marginal cost

Practice of health care providers

Evaluation is critical to effectiveness of training

Difference between legal and ethical

Investment depends upon the interest rate

Skills you have refined connect with your current job

Explain how informal group are developed

What is under armour current industry structure

How can someone use perceptual mapping

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT