Answer:
Some entities will follow a top-down mandatedapproach to budgeting. These budgets will begin with upper-level management establishing parameters under which the budget is to be prepared. These parameters can be general or specific. They can cover sales goals, expenditure levels, guidelines for compensation, and more. Lower-level personnel have very little input in setting the overall goals of the organization.
Explanation:
Answer:
1st quarter:
Sales budget= 26,400 units
Explanation:
Giving the following information:
First-quarter budgeted jump rope sales in units 23,000
Second-quarter budgeted jump rope sales in units 70,000
Inventory at the beginning of the year was 3,600 jump ropes.
Totz Company wants to have 10% of the next quarter's sales in units on hand at the end of each quarter.
To determine the production budget, we need to take into account the beginning inventory, the sales for the quarter and the ending inventory.
Sales budget= sales for the quarter + ending inventory - beginning inventory
1st quarter:
Sales budget= 23,000 + (70,000*0.10) - 3,600= 26,400 units
Not sure but I'll take a chance: Probably product existance. If not then product capture
Answer:
Consider the following explanation
Explanation:
a) J. Crew is issuing its catalogs monthly in response to inflation. This will incur cost and it is known as 'Menu Cost'.
b) Grandpa has bought annuity which has promised $10,000 a year for the rest of his life. However, higher than expected inflation means grandpa has lesser purchasing power. This is loss of purchasing power and also 'redistribution cost'. In higher inflation borrower tends to get benefit. Here insurance company is at the gain.
c) Maria is witnessing loss of purchasing power because of hyper inflation. In such scenario, cost keeps rising and product's price could be higher a few hours later. This was witnessed in Germany as well as in Zimbabwe. People run to the stores as soon as they get cash or salary. It is known as 'shoe leather cost'. People make frequent trips to banks or stores but do not keep cash in fear of losing value.
d) Gita actually earned only 5% on her portfolio but as her income is in taxable bracket so she has to pay 20% tax. Her income from portfolio not even compensated inflation. This is a redistribution cost and also known as fiscal drag. More people fall into bracket because higher nominal income but real income is neglected which makes people worse off.
e) Father thinks that son is earning far more than him but inflation over the period of time erodes purchasing power and it could be possible that current income might be lower, same or higher comparing to inflation data. However, if it is lower then it is obviously loss of purchasing power.
Answer:
Human Capital
Explanation:
A leader must be able to control a team (human capital), lead it, and push them to obtain the results needed.
