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for each of the following scenarios, indicate whether the individual made a correct choice or an incorrect choice when preparing a budget. correct choice incorrect choice nathan is a sales rep who, based on last year, averaged $2,200 of monthly commission before taxes. he should include this in his budget. stella was just notified that her contribution to the company’s health plan is increasing by 3.5%. it’s a company expense, so stella doesn’t include it in her budget. as sam was reconciling his checkbook, he realized that he incurred $13.25 last month for atm withdrawals. he looked back at the last six months and realized that he averaged the same amount each month. this is an unexpected expense and shouldn’t be listed in his budget. every year the wus buy a big item or take a trip with a single annual bonus barb receives. they included this in their budget.

Sagot :

The correct choice is (d) Every year the Wus buy a big item or take a trip with a single annual bonus Barb receives. They included this in their budget.

Businesses use budgets to track revenue and spending in sufficient depth to make operational choices. Budgets are often oriented toward the future. Both income and cost are based on forecasts and predictions for the periods they cover. Because of this, businesses frequently develop both short-term (monthly or quarterly) and long-term (year) budgets, with the short-term budget being routinely modified to keep the long-term budget on course. The majority of companies additionally create a "actual budget" or "actual report" to compare projections with reality after the budgetary term. An organization may use this to identify where their budgeting process went wrong and make corrections going forward.

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