True. A budget is a system of attributes associated that can be changed as the costs included within the budget fluctuate.
What is a budget, exactly?In other terms, it's a projection of your income and expenses for a specific time frame, like a month or a year. (Or, if you're keeping track of the money coming in and going out of your home as a whole, that's a household budget.
What makes it a budget?Budget is deduced from a Old French word bougette, which means "little bag." The British minister of the Exchequer is referred to as "opening" his budget, or container of documents and accounts, when he presents his annual financial statement.
To learn more about budget visit:
https://brainly.com/question/15683430
#SPJ4
User charges may represent as much as _____ of a given cities revenue share – which in some circumstances even exceeds property taxes in the amount collected.
Users of specific services provided by a city or municipality, such as water and sewer services, parking fees, and recreational services.
User charges are fees paid by users of specific services provided by a city or municipality, such as water and sewer services, parking fees, and recreational services.
These charges are a significant source of revenue for many cities, and in some cases, they can even surpass the amount collected through property taxes. The exact percentage of a city's revenue share that comes from user charges can vary widely, depending on factors such as the size of the city, the nature of the services provided, and the fees charged. However, in some cases, user charges can represent as much as 30% or more of a city's total revenue. This reliance on user charges as a source of revenue has both advantages and disadvantages. On the one hand, it allows cities to fund specific services based on the users' consumption of those services, rather than burdening all taxpayers with the cost. On the other hand, it can create a financial barrier for some residents, especially those with lower incomes, who may struggle to pay these fees.
In conclusion, while the percentage of a city's revenue share that comes from user charges may vary, it is clear that these fees are an essential source of income for many cities. As such, it is crucial for cities to balance the benefits and drawbacks of relying on user charges and ensure that they are being used effectively and equitably.
For more such questions on municipality
https://brainly.com/question/31123148
#SPJ11
Assuming that you are the Contract Administrator appointed by the contractor, produce a report addressing the followings:
Task 1: Describe the general principles of contract law governing construction contracts giving examples from construction and relevant case laws. Support the discussion with additional reading/literature (8 Marks)
As the Contract Administrator appointed by the contractor, you are responsible for understanding and applying the general principles of contract law governing construction contracts. Here is a clear and concise report addressing this task:
Describe the general principles of contract law governing construction contracts giving examples from construction and relevant case laws. Support the discussion with additional reading/literature.
Contract law governs construction contracts and provides a framework for establishing and enforcing legal agreements between parties involved in construction projects. The general principles of contract law applicable to construction contracts include 1. Offer and acceptance: A valid construction contract requires a clear offer from one party and an acceptance by the other. For example, if a construction company submits a bid to build a house and the homeowner accepts the bid, a contract is formed. Consideration: Construction contracts involve an exchange of something of value, known as consideration. This can include payment for services, materials, or other benefits. For instance, in a construction contract, the contractor provides construction services, and the client provides payment.Legal capacity: All parties involved in a construction contract must have the legal capacity to enter into the agreement. For example, minors may lack the capacity to enter into binding contracts.
Intention to create legal relations: Construction contracts are presumed to have the intention to create legally binding relations between the parties. This means that the parties intend to be legally obligated to fulfill their contractual obligations.
Learn more about general principles here:
https://brainly.com/question/29882760
#SPJ11
As the Contract Administrator appointed by the contractor, your report should address the general principles of contract law governing construction contracts, providing examples from construction and relevant case laws.
Task 1: Describe the general principles of contract law governing construction contracts:
1. Start with an introduction to contract law and its relevance to construction contracts.
2. Explain the concept of offer and acceptance, which forms the basis of a contract.
3. Discuss the importance of consideration, where both parties exchange something of value.
4. Address the requirement of intention to create legal relations, showing that the parties intended to be legally bound by the contract.
5. Describe the principle of privity of contract, which means that only parties to the contract can enforce its terms.
6. Explain the concept of terms and conditions, including express terms (explicitly stated) and implied terms (not expressly stated but necessary for the contract to be effective).
7. Discuss the role of performance and breach, where one party fails to fulfill their contractual obligations.
8. Provide examples from construction contracts and relevant case laws to illustrate these principles.
In your report, it is important to explain each principle clearly, using examples from construction contracts and relevant case laws to support your points. For instance, you could discuss a case where a contractor failed to complete a project within the agreed timeframe, leading to a breach of contract. Additionally, you should support your discussion with additional reading or literature to showcase a comprehensive understanding of the topic.
Learn more about breach of contract: https://brainly.com/question/29891945
#SPJ11
write any four method any two challenges of federal system?
\(\huge\bold\red{Answer:-}\)
✭The purpose of this collection is to discuss what we may learn from thinking about the EU in federal terms.
✭Our point of departure is that this represents a two-fold challenge.
✭It is on the one hand a matter of establishing ‘how federal’ the EU is (the EU’s federal challenge).
✭On the other, the EU has federal features but is not a state; thus raises the question of whether federal theory and practice may have to be adapted to take proper account of the EU (the EU’s challenge to federalism).
✭The contributions to this collection supplement and extend existing scholarship through focusing on two important lines of inquiry.
✮The first focuses on the relationship between federalism and democracy, with particular emphasis on how federal systems respond to and deal with citizens’ interests and concerns, within and outside the political system.
✮ Particular emphasis is placed on representation, in the process of federalization, and as a feature of established systems.
✮The second line of inquiry places the emphasis on the relationship among the governments of federal systems.
✭The focus is on intergovernmental relations, and the particular merits that emanate from studying these from a federal perspective.
HOPE IT HELPS❤Answer:
Constitutional provisions are used by political parties to hide the real issues of corruption, fraud etc.Central government and State Governments’ indifference and apathy towards constitutional scheme of federal structure.Tussles between the agencies of central government and those of state governments stress the cohesive functioning of centre and states.Which type of endorsement transfers ownership to someone else?
Blank
Restrictive
Special
None of these
Answer:
Special
Explanation:
A payee performs a special endorsement when they want someone else to receive the check amount. It means the payee transfers the rights to the check payment or the asset to a third party. The payee is the person whose name appears on the front.
In the special endorsement, the payee writes at the back of the check or instrument, " pay to the order of'' and states the new recipient's name. The payee has to sign to confirm the endorsement.
Lillian purchased a violin from smash music stores. It regularly sold for $670, but was on sale at 10% off. She also had to pay 8% sales tax. She bought it on an installment plan and paid 15% of the total cost with tax as a down payment. Her monthly payments were $58 per month for one year.
The sales tax after deducting the discount amount of 10% i.e. $63 is $48.24.
How do you solve sales tax math problems?Add the purchase price to the sales tax rate to calculate the total. A decimal number should be used instead of a percent when converting the sales tax rate. The price is increased by the amount of sales tax after it has been calculated. The final cost, which the customer must pay, is the result.
Given that:
Selling price = $670
Discount = 10%
Tax rate = 8%
Required to calculate the purchase price =?
Net offered price = (1 - 0.10) * 670
Net offered price = 0.90 * 670 = $603
Hence, the purchase price = $603
Required to calculate sales tax amount =?
Hence, sales tax = 8% of the purchase price
Sales tax amount = 8% of $603
Sales tax amount = 0.08 * 603 = $48.24
Thus, the amount of sales tax is $48.24.
Learn more about sales tax here:
https://brainly.com/question/29442509
#SPJ1
Your question seems incomplete, most probably the completed was;
Lilian purchased a violin from smash music stores. It regularly sold for $670, but wa son slaw for 10% off. She also had to pay 8% sales tax. She bought it on the installment plan and paid 15% of the total cost with tax as a down payment. Her payments were $58 per month for one year. What is her sales tax?
Spates, hicorporated, manufactutes and sess syo produch Product H2 and Product EO. Data concenting the e wected productice of eact product and bue betow The congany\& expocted total manufacturne over hesd a $270.75 : If the compary allocates all of as overhead bated on direct latar hocm. the overnead assigned to each unit of Product H2 would be closess to: fAound yeur untermediate calculations to 2 decimal piacess) Munipse Chaice 313548 per urit 502.92 per unat 5238.50 per anit 5810,90 per unt
Allocate all overhead based on direct labor hours, the overhead assigned to each unit of Product H2 would be closest to $153.30 per unit. Therefore, the correct option is (b) 502.92 per unit.
As per the given data, the expected total manufacture overhead is $270.75. The company manufactures two products Product H2 and Product EO. To allocate all overhead based on direct labor hours, the overhead assigned to each unit of Product H2 would be closest to $502.92 per unit.
To calculate the overhead assigned to each unit of Product H2, the following steps will be followed:
Calculation of predetermined overhead rate of Spates,
Incorporated: Predetermined Overhead Rate = Estimated Total Manufacturing Overhead / Estimated Total Direct Labor Hours
Given: Estimated Total Manufacturing Overhead = $270.75
Estimated Total Direct Labor Hours = Direct Labor Hour for H2 + Direct Labor Hour for EO= 10,500 + 8,000= 18,500
Direct Labor Hour for H2 = 10,500 hours
Direct Labor Hour for EO = 8,000 hours, Predetermined Overhead Rate = $270.75 / 18,500 = $0.0146 per direct labor hour
Calculation of Overhead Assigned to Each Unit of Product H2:To calculate the overhead assigned to each unit of Product H2,
the following formula will be used:
Overhead Assigned to Each Unit of Product H2 = Predetermined Overhead Rate × Direct Labor Hour for H2Overhead Assigned to Each Unit of Product H2 = $0.0146 × 10,500Overhead Assigned to Each Unit of Product H2 = $153.30 / unit (to 2 decimal places)
To allocate all overhead based on direct labor hours, the overhead assigned to each unit of Product H2 would be closest to $153.30 per unit.
Therefore, the correct option is (b) 502.92 per unit.
Learn more about total manufacture here:
https://brainly.com/question/17365114
#SPJ11
how do you define a level of detail expression?
A level of detail expression defines the granularity or level of detail at which data is analyzed or aggregated in a visualization or analysis. It specifies the fields or dimensions that determine the level of detail at which the data is grouped or summarized.
A level of detail expression is used in data analysis to control the level of detail at which calculations and aggregations are performed. It defines which dimensions or fields in the data should be considered when grouping or summarizing data. By specifying the level of detail expression, analysts can define the desired granularity of their analysis and ensure that calculations are performed at the appropriate level of detail. This allows for flexibility in analyzing data and enables users to zoom in or zoom out on specific dimensions based on their analysis requirements.
You can learn more about visualization at
https://brainly.com/question/29870198
#SPJ11
Regina, Brock, and Sean are website designers who have been tasked to create a new website together.
This is an example of:
alliance
collaboration
punctuality
relationship
Answer:
B: Collaboration
Explanation:
I took the test
Answer:
B: Collaboration
Explanation:
I took the test
5 role of development banks in economic development
The banking system plays an important role in the modern economic world. Banks collect the savings of the individuals and lend them out to business- people and manufacturers. ... Thus, the banks play an important role in the creation of new capital (or capital formation) in a country and thus help the growth process.
1. Calculate the Net Worth when Liabilities are $5,000 and Assets are $6,725
Residential plan views are usually drawn to a scale of _____ in. = ______ ft. _____ in
Answer:
Bbg
Explanation:
Bbbhhh
The wearing away of the Earth's surface is called
Answer:
Erosion is the wearing away of the Earth's surface.
Applications of can help marketers determine which television shows current and potential customers watch,
allowing marketers to determine the value of advertising on a particular show.
O A. Big Data
B. customer relationship management (CRM)
OC. one-to-one marketing
OD. search engine optimization (SEO)
E. data mining
A company's triple bottom line measures which aspects of its performance? (choose every correct answer.)
A company's triple bottom line measures environmental, financial, and social. aspects of its performance.
Environmental means relating to or caused by the environment in which a person lives or in which something exists. Protects against environmental influences such as wind and sun. The form that the human family takes is a response to environmental stress.
Financial usually refers to financial matters or transactions of some magnitude or importance. In other words, a financial assistant. Fiscal is used specifically in connection with government or institutional funds. It's the end of the fiscal year. Currency refers specifically to money itself. i.e. currency system or standard.
Relating to interaction with other people especially for pleasure a busy social life.
learn more about the Environmental here. https://brainly.com/question/1888324
#SPJ4
Which of the following characteristics of a professional business letter distinguishes it from a personal business letter?
Characteristics of a professional business letter distinguish it from a personal business letter is many professional business letters are printed on letterhead". Option (D) is correct.
What is Business letter?A business letter is a communication between two businesses, or between businesses and their clients, consumers, or other outside parties. The relationship between the parties affects the letter's overall style.
Formal letters address someone professionally, whereas informal letters do so in a more personal manner. This is the major distinction between formal and informal letters. In addition, professional letters must adhere to a particular format, whereas casual letters can use any format.
Therefore, Option (D) is correct.
Learn more about Business letter, here;
https://brainly.com/question/12728200
#SPJ1
Your question is incomplete, the complete question is;
which of the following characteristics of a professional business letter distinguishes it from a personal business letter? a. professional business letters come from individuals writing on their own behalf. b. many personal business letters are printed on letterhead. c. personal business letters come from individuals representing a company. d. many professional business letters are printed on letterhead.
When a business starts, what must it obtain that identifies itself to the government?
A) State Employment Number
B) Federal Unemployment Number
C) Employer Identification Number
D) A look-back period
When a business starts, it must obtain an Employer Identification Number (EIN) that identifies itself to the government.
An EIN is a unique nine-digit number assigned by the Internal Revenue Service (IRS) to businesses for tax filing and reporting purposes. It is also known as a Federal Tax Identification Number, and it is required for a variety of business activities, such as opening a bank account, filing tax returns, and hiring employees. An EIN is necessary even if a business has no employees and is operated solely by the owner. The application for an EIN can be done online through the IRS website, by mail, or by fax. Once issued, an EIN is permanent and does not expire, but it must be updated if a business structure changes, such as if it incorporates or changes its name. An EIN is an important component of a business's legal and financial identity. It is used to identify a business for tax purposes and helps to distinguish it from other businesses. It is also required for a business to obtain a business bank account and to process payroll for its employees. Additionally, an EIN can help to establish a business's credit history and obtain loans or lines of credit. It is important for businesses to obtain an EIN early on in the startup process to ensure compliance with tax laws and to establish a solid foundation for their legal and financial operations.
Learn more about EIN here: brainly.com/question/31737071
#SPJ11
Assignment Question(s):
1. Critically Explain the phrase "a dollar today is worth more than a dollar tomorrow."
2. Ahmad deposits $1,200 in her bank today. If the bank pays 4 percent simple
interest, how much money will she have at the end of five years? What if the bank
pays compound interest? How much of the earnings will be interest on interest?
3. Lemmon Enterprises has a total asset turnover of 2.1 and a net profit margin of
7.5%. If its equity multiplier is 1.90, what is the ROE for Lemmon Enterprises?
4. Critically explain the economic role of brokers and dealers. How does each make a profit?
5. BBB company had cash and marketable securities worth $400,134 accounts
payables worth $2,490,357, inventory of $1,321,500, accounts receivables of
$2,188,128, short-term notes payable worth $120,000, other current liabilities of
200,000, and other current assets of $521,800. What is the company's net working capital?
6. If Bob and Judy combine their savings of $1,260 and $975, respectively, and
deposit this amount into an account that pays 2% annual interest, compounded
monthly, what will the account balance be after 4 years?
The phrase "a dollar today is worth more than a dollar tomorrow" encapsulates the concept of the time value of money.
It means that receiving a certain amount of money today is more valuable than receiving the same amount of money in the future. There are several reasons for this:
a) Opportunity Cost: By having money today, you have the opportunity to invest or use it immediately. Delaying the receipt of the money means missing out on potential investment opportunities or the ability to use it for current needs.
b) Inflation: Inflation erodes the purchasing power of money over time. The value of money decreases as prices rise, meaning that the same amount of money will buy fewer goods and services in the future.
c) Risk and Uncertainty: The future is uncertain, and there is always a level of risk associated with receiving money in the future.
By having money today, you eliminate the risk of not receiving it or facing unforeseen circumstances that may affect its value in the future.
If the bank pays 4 percent simple interest, Ahmad will have $1,440 at the end of five years. This is calculated by multiplying the principal ($1,200) by the interest rate (4%) and the number of years (5):
Interest = Principal * Interest Rate * Time
= $1,200 * 0.04 * 5
= $240
Total Amount = Principal + Interest
= $1,200 + $240
= $1,440
If the bank pays compound interest, the calculation will depend on the compounding frequency. Let's assume it is compounded annually. The formula for compound interest is:
Total Amount = \(Principal * (1 + Interest Rate)^[Time]\)
Total Amount = $1,200 * (1 + 0.04)^5
≈ $1,216.65
The interest on interest can be calculated by subtracting the original principal from the total amount:
Interest on Interest = Total Amount - Principal
= $1,216.65 - $1,200
= $16.65
Return on Equity (ROE) is calculated by multiplying the net profit margin by the total asset turnover and the equity multiplier:
ROE = Net Profit Margin * Total Asset Turnover * Equity Multiplier
ROE = 7.5% * 2.1 * 1.90
= 0.075 * 2.1 * 1.90
= 0.29625
The Return on Equity for Lemmon Enterprises is approximately 29.63%.
Brokers and dealers play crucial roles in financial markets:Brokers act as intermediaries between buyers and sellers in financial markets. They facilitate the execution of trades on behalf of their clients and earn commissions or fees for their services. Brokers provide access to various financial instruments and markets, execute orders, provide research and analysis, and offer guidance to clients.Dealers, on the other hand, participate in financial markets by buying and selling securities for their own accounts.
They make profits through the bid-ask spread, which is the difference between the price at which they buy securities (the bid price) and the price at which they sell them (the ask price).Dealers provide liquidity to the market by being ready to buy or sell securities at any time, helping ensure smooth market functioning.Both brokers and dealers contribute to market efficiency and liquidity, enabling investors to buy or sell securities and access capital markets. Their profits are generated through transaction fees, commissions, spreads, and market-making activities.
To calculate the net working capital, we subtract current liabilities from current assets:
Current Assets = Cash + Marketable Securities + Accounts Receivables + Inventory + Other Current Assets
= $400
To learn more about Return on Equity, visit here
https://brainly.com/question/27821130
#SPJ11
multiple choice-- economics
Microeconomics focuses on all of the following EXCEPT
The effect of an increase in the tax on cigarettes on cigarette sales
The hiring decisions that a business makes
The effect of increasing the money supply on inflation
The purchasing decisions that an individual consumer makes
Answer:
The effect of increasing the money supply on inflation
Explanation:
Economics can be classified into two (2) categories, namely;
1. Macroeconomics can be defined as the study of behaviors, performance and factors that affect the entire economy. Hence, it focuses on aggregate phenomena such as price level, economic growth, Gross Domestic Product (GDP), inflation, unemployment and national income levels with respect to the central bank, demand or supply shocks, government policies, aggregate spending and savings.
2. Microeconomics can be defined as the study of the effect of price and quantity levels through interactions between individual buyers and sellers in various markets.
Hence, it is focuses on analyzing or evaluating the decisions of consumers (buyers) and those of firms (sellers) such as methods of production, pricing; and the manner in which government policies affect those decisions.
In conclusion, microeconomics focuses on all of the aforementioned statements except the effect of increasing the money supply on inflation because it is a macroeconomic factor.
gwhat is the amount of the annual coupon payment for a bond that has 6 years until maturity, sells for $1,050 and has a yield to maturity of 9.37%? enter your answer rounded to the nearest whole dollar (zero decimal places).
The annual coupon payment for a bond that has 6 years until maturity, sells for $1,050 and has a yield to maturity of 9.37% is $68 rounded to the nearest whole dollar (zero decimal places).
The annual coupon payment for this bond is determined by taking the face value of the bond ($1,000), multiplying it by the yield to maturity (9.37%) and then dividing that by the number of years until maturity (6). This calculation results in an annual coupon payment of $68, which is rounded to the nearest whole dollar (zero decimal places).
Learn more about annual coupon payment: https://brainly.com/question/27123871
#SPJ11
What principles of government are in the Declaration of Independence?
Principles of government are in the Declaration of Independence
Principle 1: All People Are Created Equal
Principle 2: All People Have Basic Rights That Cannot Be Taken Away
Principle 3: The Government Gets It Power To Make Decisions And Protect Rights From The People
Principle 4: When The Government Does Not Protect The Rights Of The People, The People Have The Right To Alter Or Abolish The Government .
Evaluating the principles :
Principle 1: All People Are Created Equal
Thomas Jefferson wrote, "We hold these truths to be self-evident, that all men are created equal..."
Principle 2:
All People Have Basic Rights That Cannot Be Taken Away
A second truth Jefferson writes of in the Declaration of Independence is that men are "endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness."
Principle 3:
The Government Gets It Power To Make Decisions And Protect Rights From The People
The Declaration of Independence states that "governments are instituted among men, driving their just power from the consent of the governed."
Principle 4:
When The Government Does Not Protect The Rights Of The People, The People Have The Right To Alter Or Abolish The Government
Thomas Jefferson declared in the Declaration of Independence, "when ever any form of government becomes destructive of these ends, it is the Right of the People to alter or to abolish it..."
What is in a Declaration of Independence?
The Declaration of Independence states the principles on which our government, and our identity as Americans, are based. Unlike the other founding documents, the Declaration of Independence is not legally binding, but it is powerful.
Learn more about declaration of independence :
brainly.com/question/1809378
#SPJ4
Regarding resource typing, which of the following characteristics are typically use to categorize resources?A. LocationB. ColorC. Number availableD. Capability
Answer:
d
Explanation:
also because I do it lol
After a presentation is created, there is nothing left to do.
True
False
Answer:
false
Explanation:
How does free trade benefit businesses? For example, how does it encourage
investment?
Answer:
Liberating exchange decreases imported-input costs, consequently diminishing businesses creation costs and advancing financial development. Deregulation improves proficiency and advancement. The outcomes are higher wages, interest in such things as foundation, and a more unique economy that keeps on making new openings and openings.
. Show how your answer would change if the cap rate dropped to 10 percent while the growth rate declined to 5 percent.
The cap rate dropped to 10 percent while the growth rate declined to 5 percent, it would indicate that the market is becoming less risky and more stable.
This means that the expected return on investment would be lower, but the investment would be less volatile. In terms of real estate, a lower cap rate means that the property value has increased while the income has stayed the same. This would be beneficial for property owners who are looking to sell their property as it would increase the property's value.
However, it would not be as beneficial for investors looking for high returns on investment. Overall, a decrease in both the cap rate and growth rate would lead to a more stable real estate market.
Learn more about rate here:
https://brainly.com/question/14731228
#SPJ11
When is the right time to create a will?
Answer:
Typically, anyone can prepare a will if they are over 18 years old.
Explanation:
Disadvantages of choosing a job that is extremely popular or in demand
The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.
What is a high demand job?This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.
The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.
The number of qualified persons may become more than the job that is available for the people to do in the long run.
Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.
Read more on jobs here: https://brainly.com/question/26355886
#SPJ1
____________ testing is the determination of whether a product is being built correctly.
Conformance testing is the determination of whether a product is being built correctly.
Conformance testing is a quality assurance process used to verify that a product or system meets the specified requirements and standards. It involves assessing whether the product conforms to the predetermined specifications, design guidelines, and functional requirements.
During conformance testing, various tests and evaluations are conducted to ensure that the product is being built correctly according to the defined criteria. This can include functional testing, performance testing, compatibility testing, security testing, and other forms of testing specific to the product or industry.
The primary objective of conformance testing is to validate that the product meets the desired standards and performs as expected.
Learn more about testing here:
https://brainly.com/question/27903805
#SPJ11
Adjustment for unearned revenue on august 1, 20y1, newhouse co. received $39,670 for the rent of land for 12 months. journalize the adjusting entry required for unearned rent on december 31, 20y1. round your final answer to the nearest dollar amount. if an amount box does not require an entry, leave it blank
Cash A/c (debit) 39670
To unearned rent A/c (credit) 39670
What is unearned revenue?
Unearned revenue is money that a person or company receives in exchange for a good or service that hasn't yet been provided or performed. It might be considered a "prepayment" for goods or services that a person or company anticipates offering the customer later.
How do you record unearned revenue?
Unearned income should be recorded in your diary as a debit from the cash account and a credit to the unearned income account. This journal entry demonstrates that the company has received payment in cash for a service, but it was obtained on credit as a down payment for upcoming deliveries of goods or delivered services.
Learn more about Unearned revenue: https://brainly.com/question/14952769
#SPJ4
How do you think keeping a budget can impact your overall wealth?
Keeping a budget can significantly impact overall wealth by promoting financial discipline and awareness.
What are the benefits?It helps individuals track income and expenses, identify unnecessary spending, and prioritize savings and investments.
Budgeting prevents debt accumulation, encourages responsible financial decision-making, and allows for better long-term planning. As a result, individuals can build emergency funds, pay off debts faster, and grow their savings and investments. By maintaining a budget, people can achieve greater control over their finances, reduce financial stress, and work towards building wealth steadily over time.
Read more about Budgeting here:
https://brainly.com/question/29792126
#SPJ2
At the beginning of every shift, Cody records the amount of pizza sauce in inventory. At the end of every shift, he records the number of pizzas made and the amount of pizza sauce left in inventory. Why would he do this?A) So he can determine if employees are taking sauce home.B) So he can compare the quantity used with the budgeted amount.C) So he will know how much pizza sauce to order.D) So he will know how many customers visited his pizza parlor during his shift.
Answer:
B) So he can compare the quantity used with the budgeted amount
Explanation:
For a business to keep making profit it needs to ensure that the amount of materials it is using in its production process is within a defined limit. So it sets up a budget to guide the amount of raw materials to be used.
In this scenario Cody records the amount of pizza sauce in inventory. At the end of every shift, he records the number of pizzas made and the amount of pizza sauce left in inventory.
This is done to compare quantity of raw materials used to the given budget of the business.
This check will make sure that the business stays profitable.