An individual is said to have a balanced budget when his or her total income for the year equals or exceeds his or her total expenditures for the year.
Answer the following statement true (T) or false (F)
True
Rationale: The difference between projected income and projected expense equals a surplus or deficit. In a balanced budget, the total income for the year equals or exceeds the total expenses. See 2-5: Cash In and Cash Out: Preparing and Using Budgets.
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The process of involving employees in setting goals, making decisions, solving problems, and making changes is called
A. conjoint management. B. escalation of commitment. C. satisficing. D. goal displacement. E. participative management.
A surprise observation by an auditor of an entity's regular distribution of paychecks is primarily designed to satisfy the auditor that:
A. all unclaimed payroll checks are properly returned to the cashier. B. all employees have in their possession proper employee identification. C. names on the company payroll are those of bona fide employees presently on the job. D. the paymaster is not involved in the distribution of payroll checks.
‘Low technology’ sectors have innovated typically by adopting new technological solutions from innovators elsewhere. In markets such as eyesight testing, how far can small, independent providers adopt the same technologies to compete with the national chains? How can they compete more effectively in other ways?
What will be an ideal response?
What do an online travel agency, a limousine service, and a railroad have in common?
A. They are all people-based services. B. None of them has a problem with idle production capacity. C. They are all strictly tangible services. D. They all require skilled operators. E. They are all equipment-based services.