State the three benefits that are realized by the organization from the budgeting.

Question

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Answer 1

Question

Chapter 10, Problem 1Q

To determine

State the three benefits that are realized by the organization from the budgeting.

Expert Solution & Answer

Explanation of Solution

Budgeting: The budgeting is the process of preparing budgets and the evaluation of it to see whether the budget is able to meet the objectives set by the company. This is a complete process which helps in understanding the spending of money in accordance with the income. In addition, budget is the pre-estimate the expense and revenue related to the business.

Following are the various benefits that are realized by the organization from the budgeting:

1. The budgeting serves as a basis for the performance evaluation.
2. It helps in motivating the managers and employees.
3. The budgeting helps in promoting the coordination and communication within the organization.
4. The budgeting serves as a basis for resource allocation, providing authorization documentation and aiding cash flow management.

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Answer 2

Question

Chapter 10, Problem 1Q

To determine

State the three benefits that are realized by the organization from the budgeting.

Expert Solution & Answer

Explanation of Solution

Budgeting: The budgeting is the process of preparing budgets and the evaluation of it to see whether the budget is able to meet the objectives set by the company. This is a complete process which helps in understanding the spending of money in accordance with the income. In addition, budget is the pre-estimate the expense and revenue related to the business.

Following are the various benefits that are realized by the organization from the budgeting:

1. The budgeting serves as a basis for the performance evaluation.
2. It helps in motivating the managers and employees.
3. The budgeting helps in promoting the coordination and communication within the organization.
4. The budgeting serves as a basis for resource allocation, providing authorization documentation and aiding cash flow management.

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Answer 3

Question

Chapter 10, Problem 1Q

To determine

State the three benefits that are realized by the organization from the budgeting.

Expert Solution & Answer

Explanation of Solution

Budgeting: The budgeting is the process of preparing budgets and the evaluation of it to see whether the budget is able to meet the objectives set by the company. This is a complete process which helps in understanding the spending of money in accordance with the income. In addition, budget is the pre-estimate the expense and revenue related to the business.

Following are the various benefits that are realized by the organization from the budgeting:

1. The budgeting serves as a basis for the performance evaluation.
2. It helps in motivating the managers and employees.
3. The budgeting helps in promoting the coordination and communication within the organization.
4. The budgeting serves as a basis for resource allocation, providing authorization documentation and aiding cash flow management.

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Answer 4

Question

Chapter 10, Problem 1Q

To determine

State the three benefits that are realized by the organization from the budgeting.

Expert Solution & Answer

Explanation of Solution

Budgeting: The budgeting is the process of preparing budgets and the evaluation of it to see whether the budget is able to meet the objectives set by the company. This is a complete process which helps in understanding the spending of money in accordance with the income. In addition, budget is the pre-estimate the expense and revenue related to the business.

Following are the various benefits that are realized by the organization from the budgeting:

1. The budgeting serves as a basis for the performance evaluation.
2. It helps in motivating the managers and employees.
3. The budgeting helps in promoting the coordination and communication within the organization.
4. The budgeting serves as a basis for resource allocation, providing authorization documentation and aiding cash flow management.

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Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

Chapter 10, Problem 1Q

To determine

State the three benefits that are realized by the organization from the budgeting.

Expert Solution & Answer

Explanation of Solution

Budgeting: The budgeting is the process of preparing budgets and the evaluation of it to see whether the budget is able to meet the objectives set by the company. This is a complete process which helps in understanding the spending of money in accordance with the income. In addition, budget is the pre-estimate the expense and revenue related to the business.

Following are the various benefits that are realized by the organization from the budgeting:

1. The budgeting serves as a basis for the performance evaluation.
2. It helps in motivating the managers and employees.
3. The budgeting helps in promoting the coordination and communication within the organization.
4. The budgeting serves as a basis for resource allocation, providing authorization documentation and aiding cash flow management.

Answer 6

Chapter 10, Problem 1Q

To determine

State the three benefits that are realized by the organization from the budgeting.

Expert Solution & Answer

Explanation of Solution

Budgeting: The budgeting is the process of preparing budgets and the evaluation of it to see whether the budget is able to meet the objectives set by the company. This is a complete process which helps in understanding the spending of money in accordance with the income. In addition, budget is the pre-estimate the expense and revenue related to the business.

Following are the various benefits that are realized by the organization from the budgeting:

1. The budgeting serves as a basis for the performance evaluation.
2. It helps in motivating the managers and employees.
3. The budgeting helps in promoting the coordination and communication within the organization.
4. The budgeting serves as a basis for resource allocation, providing authorization documentation and aiding cash flow management.

Answer 7

Chapter 10, Problem 1Q

To determine

State the three benefits that are realized by the organization from the budgeting.

Answer 8

Expert Solution & Answer

Explanation of Solution

Budgeting: The budgeting is the process of preparing budgets and the evaluation of it to see whether the budget is able to meet the objectives set by the company. This is a complete process which helps in understanding the spending of money in accordance with the income. In addition, budget is the pre-estimate the expense and revenue related to the business.

Following are the various benefits that are realized by the organization from the budgeting:

1. The budgeting serves as a basis for the performance evaluation.
2. It helps in motivating the managers and employees.
3. The budgeting helps in promoting the coordination and communication within the organization.
4. The budgeting serves as a basis for resource allocation, providing authorization documentation and aiding cash flow management.