Author Question: Management exercises control over the budget level and timing of _____ expenditures. Fill in the ... (Read 71 times)

lindiwe · **on:** Jul 6, 2018

Management exercises control over the budget level and timing of _____ expenditures.

Fill in the blanks with correct word

Question 2

Explain the differences between net income and net loss.

sarah_brady415 · **Reply #1 on:** Jul 6, 2018

Answer to Question 1

Discretionary

Answer to Question 2

Net income or net loss is calculated by taking the difference between revenues and expenses. Revenues are larger than expenses for a net income. Expenses are larger than revenue for a net loss.