What purpose of a flexible budget is

Assignment Help Accounting Basics
Reference no: EM132833910

Problem 1: The purpose of a flexible budget is:

a. to cap discretionary expenditure.

b. to produce a revised forecast by changing the original budget when actual costs are known.

c. to control resource efficiency.

d. To communicate target activity levels within an organisation by setting budget in advance of the period to which it relates.

Reference no: EM132833910

Questions Cloud

MBS665 Business Valuation Assignment : MBS665 Business Valuation Assignment Help and Solution, Murdoch Business School - Assessment Writing Service - Basic understanding and knowledge of valuation
Has any goodwill been acquired : ABC Ltd pays the shareholders of RedCarpet Ltd the following consideration: Cash 35 000. Has any goodwill been acquired and, if so, how much
What things do you think you will use the most : We have covered a lot of subjects. We would love to hear what your takeaway is for the following: What things do you think you will use the most?
Explain management override : Explain management override and how does it affect internal control implementation. How is internal control relevant in the success of an organization.
What purpose of a flexible budget is : What purpose of a flexible budget is? To communicate target activity levels within an organisation by setting budget in advance of the period to which relates.
Are the bags indeed being underfilled : Hypothesis testing is used in business to test assumptions and theories. These assumptions are tested against evidence provided by actual, observed data.
Find the cost of goods sold for this year : During the year, it increased to P980,000 with the owner making additional investment of P90,000. Find the cost of goods sold for this year
What difference does ownership make in answering question : Have you ever noticed that the grounds of city-owned parks are often more polluted and trashier than those of country clubs? Is it simply because people.
What eddie capital balances as of december should be : What Eddie's capital balances as of December 31, 20x5 should be? The partnership agreement provides Kathy with an annual salary of P20,000 plus a bonus of 5%

Reviews

Write a Review

Accounting Basics Questions & Answers

  Prepare the necessary adjusting entries on August

The August 31 deposit of $17,050 was not included on the August bank statement. Prepare the necessary adjusting entries on August

  Determine garrett corporation taxable income

Jonathan Corporation, Use M-1 of Form 1120, which is available on the IRS website, to determine Garrett Corporation's taxable income for 2019.

  Compute the equivalent units for the materials

Compute the equivalent units for the materials and conversion cost calculations

  which alternative is economically preferred

The salvage for the existing assets after three years of service is anticipated to be zero. The used machines have no salvage value today in the market place due to their current condition. The desired minimum acceptable rate of return on invested ca..

  Prepare journal entry to record the estimated uncollectibles

During its first year of operations, Henley Company had credit sales of $3,000,000; Prepare the journal entry to record the estimated uncollectibles

  Write a repond on profitability ratios measure

Write a repond on Profitability ratios measure the overall performance of a company and its efficiency in managing assets, liabilities, and shareholders' equity

  Compute the net carrying value of the bonds

On September 1, 2016, Howell Company purchased 600 of the $1,000 face value, compute the net carrying value of the bonds

  What is the unearned income on initial recognition

What is the unearned income on initial recognition? Provide all the journal entries over the lease term. What is the gross investment in the lease?

  Compute two types of hedges regarding foreign exchange

Determine two types of hedges regarding foreign exchange risk, in general, and recommend the most advantageous risk mitigation strategy

  What will be the effect on income

What will be the effect on income if the Portland office is eliminated and half of its fixed cost are avoided

  Calculate Helen net pay

Helen will not reach the Canada Pension Plan or Employment Insurance annual maximums this pay period. Calculate Helen's net pay

  Identify key performance indicators for the company

Evaluate trends in stock price, dividend payout, and total stockholders' equity. Relate recent events or market conditions to the trends you identified.

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