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

[lindiwe]

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]

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.

[lindiwe]

Thanks for the timely response, appreciate it

[LVPMS]

Gracias!