You need to ensure the budget only reflects a single annual cost of living increase for Humongous Insurance employees.
What should you do? Each correct answer presents a complete solution.
NOTE: Each correct selection is worth one point.
You need to ensure the budget only reflects a single annual cost of living increase for Humongous Insurance employees.
What should you do? Each correct answer presents a complete solution.
NOTE: Each correct selection is worth one point.
To ensure the budget only reflects a single annual cost of living increase for Humongous Insurance employees, it is important to align budgeting with either the calendar year or the fiscal year, provided there is only one cycle per year. Aligning the calendar year to a single budget cycle will ensure a single cost of living increase within that year. Similarly, aligning the fiscal year to a single budget cycle will also ensure only one annual increase. Options that involve multiple budget cycles, whether they are based on the calendar year or fiscal year, would not meet the requirement of only having one annual cost of living increase.
Couldn't the answer be C? Since they could just based the yearly increase off of the fiscal year?
from question 1 topic 8 Humongous Insurance is a US-based company and operates its fiscal year from January 1 to December 31 so I think the answer is A
from question 1 topic 8 Current environment - Ledger - Humongous Insurance is a US-based company and operates its fiscal year from January 1 to December 31. Requirements - Ledger - The Humongous subsidiary will operate in China, which requires a fiscal year from February 1 to January 31. Humongous Insurance's subsidiary requires accounting entries to be posted from the subledger to the general ledger by 5:00 PM each day. Trey Research requires accounting entries to be posted from the subledger to the ledger immediately.
Why two answers?
Humongous Enterprise out of nowhere in Topic 4?