Which Best Explains Why a Budget Is Useful

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B determines who is to blame for poor operations. All the other answers describe what a budget CAN be like not.

How To Catch Up When You Are Behind On Bills Budgeting Money Budgeting Budgeting Finances

All the other answers describe what a budget CAN be like not necessarily what it is for everyone if that makes sense.

. So take a look at your card charges and receipts. Having a budget is a critical part of avoiding living in that financial state. Helpful 1 Not Helpful 0 Add a Comment.

A budget includes all the revenue income and expenses of a company. Since budgeting allows you to create a spending plan for your money it ensures that you will always have enough money for the things you need and the things that are important to you. Budgets allow consumers to control how much money they have going out for expenses Which of the following best explains the main purpose of short-term planning.

In short budgeting is important because it helps you control your spending track your expenses and save more money. Budgets help people reach their financial goals. 5 reasons why creating a budget is so important no matter your income.

Budgets help people reach their financial goals. So take a look at your card charges and receipts. Aids in the planning of actual operations.

A business budget is a dynamic financial plan used to estimate a companys anticipated revenue and expenses for an upcoming time period. Meet fixed expenses and allow for discretionary spending. Additionally budgeting can help you make better financial decisions prepare for emergencies get out of debt and stay focused on your long-term financial goals.

This helps a company to get an idea of its tax liability. However if you create and stick to a budget you know you have enough money to pay your bills. So many people spend money they dont have and live above their means.

Also a budget helps a company to prepare its payroll taxes. Be notified when an answer is posted. It should be dynamic and flexible so it can be adjusted as business plans and the market environment change.

Which best explains why a budget is useful. A budget helps to create accountability in managers for their own performance and the results of their department. Which of the following best explains how budgeting helps consumers reach their financial goals.

Middle School answered Which of the statements below explains why a budget is useful 2 See answers Advertisement Advertisement megpiph megpiph The answer is D. On an individual level that might mean earning 3000 per month and living on 2500. Following a budget or spending plan will also keep you out of debt or help you work your way out of debt if you are currently in debt.

Budgets help people reach their financial goals. A budget is simply a strategy you put in place to make sure you spend less than you earn. Want this question answered.

Goals of the Budgeting Process. It is essentially a financial plan a business makes for a month quarter or year. To meet fixed expenses and allow for.

Some of the reasons may not be as motivating as others in your situation but each of them hold some merit no matter your family situation. C forces managers to think about goals and objectives and means of D creates budget slack. The process gets managers to consider how conditions may change and what steps they need to take while also allowing managers to understand how to address problems when they arise.

Budgeting serves as a benchmark that needs to be achieved. User is waiting for your help. One of the biggest reasons why budgeting is important is to make sure you always have enough money to pay your bills.

Helps you understand your spending habits When you understand and see where your money is being spent most of the time you start to see the random expenses on things you dont really need. The result is a unified engaged and committed team which in turn reflects on the company. Furthermore the actual results can be very useful in assessing the performance of managers and employees.

Of course investors shareholders and other. Acts as Financial Report Card. Which best explains why a budget is useful.

Rewards can be awarded to departments that exceed budget expectations. Which describes the economic idea of utility. Below are some of the most motivating reasons to keep a budget.

You Will Always Have Enough Money To Pay Your Bills. 7 Top Reasons Why Budgeting Is Important. Which best explains the main purpose of short-term planning.

A budget can keep a business owner and all stakeholders on track to meet goals because there is a better awareness of where the money is coming in and being spent. Budgeting is a critical process for any business in several ways. Keeps stakeholders on the same page.

Ut goals and objectives and means of achieving them. Since budgets include every financial detail of a company it works as its Financial Report Card. A budget is useful in the planning process because it A identifies budget padding.

Especially for middle class and situation under which you are in debt or loan repayment schemes. A budget may even inspire staff members to think outside the box for solutions to sales shortfalls or expense overages in an effort to help the company hit its targets.

Having A Budget Is One Of The Most Important Parts Of Overall Financial Health However Simply Having A Budget Isn Budgeting Financial Health Moving Expenses