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Pani-rosa [81]
1 year ago
10

In a bottom-up approach, managers should have a ________ level of controllability and a ________ level of involvement in budget

setting.
Business
1 answer:
xeze [42]1 year ago
5 0

In a bottom-up approach, managers should have a high level of controllability and a high level of involvement in budget setting.

<h3>What is a bottom-up budget approach?</h3>
  • Bottom-up budgeting is a method of creating budgets that begins at the departmental level and works its way up.
  • Each department within the organization must create a list of the supplies it requires, the projects it intends to complete throughout the upcoming fiscal year, and cost projections.

<h3>What is top-down and bottom-up budgeting?</h3>
  • Departments must create budgets in top-down planning while adhering to the limitations imposed by senior leadership.
  • Departments produce their own budget estimates and submit them to top leadership in a bottom-up budget.
  • The two strategies are the two types of budgeting that are most frequently used.

<h3>What is bottom-up approach in accounting?</h3>
  • Bottom-up forecasting is a technique for predicting an organization's future performance by beginning with basic company information and moving "up" to revenue.
  • This strategy begins with thorough customer or product data before expanding to revenue.

Learn more about bottom-up approach here:

brainly.com/question/19672423

#SPJ4

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b. PROTECT SHAREHOLDERS' RIGHTS BY MAKING SURE THAT STOCK MARKETS ARE RUN FAIRLY

Explanation:

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You are the manager of a firm that produces products X and Y at zero cost. You know that different types of consumers value your
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Answer and Explanation:

a)

If you charge $40 for X then everyone will buy as everyone is willing to pay atleast $40. this means all three groups buy that is 3*1000 buyers.So profit from X = 3000*40= $120,000

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b)

If you charge $90 and $160 for X and Y respectively you will have only 1000 buyers for each product as others are unwilling to pay this much.

So profits = 1000*90 + 1000*160=$250,000

c)

for a bundle of X and Y buyers are willing to pay a total of $150, $210 and $200 across the three categories.

So everyone will buy a bundle of 1 X and 1 Y.

profits = 150*3000= $450,000

d)

If you charge $210 only the second will buy as they are willing to pay that much so profits =1000*210=$210,000

Also by selling X at $90 group 1 will buy X; profits=1000*90=$90,000

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Banks use a large percentage of their checkable deposits for the purpose of __________.
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The reserve requirement system requires commercial banks to maintain a small fraction of their deposits as a reserve. Only a small percentage of the checkable deposits is required to be held in the banks as reserves. The reserves requirement fractions vary with the monetary policy in place.  

The percentage of reserve requirement ranges from 3% to 10%. It would hardly get to 20%. The rest other bigger percentage ( over 80%) is available to be used to create loans.

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