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What is term represents budget items that change in value from month-to-month?
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Which term represents budget items that change in value from month to month?
variable expenses
What is the difference between a budget and account?
A budget is how much money you have to spend on certain items. For example a family person can say I am not going to spend over $40 on groceries this month. If the head of household went over $40, then he/she went over their budget. An account is how much money you have in a bank to pay bills.
It is ethical or practical to submit a budget for an amount higher than the costs expected to be incurred?
It happens all the time. Every department has items that would be nice to have and in fact would help the department run better. Those dreams are submitted in the budget. The budget also lists the items which are necessary to continue at last years level. Every hospital needs more equipment. Every sheriffs' department needs more cops. Every library needs more books.
Why is it important to separate capital budgets from expense budgets?
When you budget for capital expenditures, you plan to buy assets. Assets include equipment and property that you expect to last more than one year. The budget for these purchases must come from cash on hand to qualify as capital budget expenditures. You must have a capital budget so you can continue to grow your business by purchasing assets that will produce income. Expenses Budgeting Your operational budget covers day-to-day expenses. This can include wages, rent, utilities and purchases of items that are intended to last less than a year. If you borrow money for capital expenditures, the expense comes out of your operational budget because you will have to service that loan with monthly payments. The operational budget tells you how much cash you need to take in each month to cover your bills.
Steps to developing a flexible budget?
A traditional budget is often referred to as a "static budget." A static budget is not designed to change with changes in activity level. Once sales and expenses are estimated, they become the relevant benchmarks. A flexible budget is an alternative that has some compelling advantages. It relates anticipated expenses to observed revenue. To illustrate, if a business greatly exceeded the sales goal, it is reasonable to expect costs to also exceed planned levels. After all, some items like cost of sales, sales commissions, and shipping costs are directly related to volume. How ridiculous would it be to fault the manager of the business for having cost overruns? Conversely, failing to meet sales goals should be accompanied by a reduction in variable costs. Certainly it would make no sense to congratulate a manager for holding costs down in this case! A flexible budget is one that reflects expected costs as a function of business volume; when sales rise so do certain budgeted costs, and vice versa. The flexible budget responds to changes in activity, and may provide a better tool for performance evaluation. It is driven by the expected cost behavior. Fixed factory overhead is the same no matter the activity level, and variable costs are a direct function of observed activity. When performance evaluation is based on a static budget, there is little incentive to drive sales and production above anticipated levels because increases in volume tend to produce more costs and unfavorable variances. The flexible budget-based performance evaluation provides a remedy for this phenomenon.
Which term represents budget items that change in value from month to month?
variable expenses
Which sections of the budget are spent on mandatory items?
all the above
List the areas or items that should typically be included in a household budget?
what are the area that would typically be included in a household budget
The picture that graphically represents the items you use in windows?
icon
Can you get infinite items in forge world in halo reach?
no u have a budget
How much money does an average business spend on promotional items?
That depends on their budget but their are promotional items nowadays that you can get under $1.
Which of these is the best description of fixed expenses?
the budget items that do not vary from month to month.
Three largest expenditure items in Texas state budget?
Education, medicaid, highways
What is another name for Budget items mandated by law or by a previous obligation?
expenditures
Can you change member items to non-member items in AQworlds?
No.
How do I decorate a house on a budget?
http://www.beso.com/decorating-accessories/search?rf=gbn this website had decorating items up to 80% off and i guarantee you will succeed on your budget.
What are some ways one can reduce a grocery budget?
The most practical way to shrink a grocery budget is to cut frivolous items out of it. If that is not possible, it is feasible to print and cut coupons from circulars and websites that offer them. Some of the most dollar stretching items are rice and beans.
