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OleMash [197]
3 years ago
9

The process of developing budget estimates by requiring all levels of management to estimate sales, production, and other operat

ing data as though operations were being initiated for the first time is referred to as:
Business
1 answer:
lara [203]3 years ago
5 0

Answer:

Zero-based budgeting

Explanation:

Zero-based budgeting is a method of expenses to be incurred must be justified and approved within each new period.

It is called zero based budgeting because at the beginning of every period budgeting starts at a zero base. Needs and cost attached to every function are are analysed afresh and funds allocated accordingly.

This process does not consider previous fund allocation to the function, rather it assumes sales, production, and other operating data as though operations were being initiated for the first time.

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team leader

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Merchant

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Three groups that participate in the process of establishing gaap are users, preparers, and auditors. these groups are represent
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5 0
3 years ago
A firm considers its regular warranty liability to be an existing liability of uncertain amount. At year-end, the firm estimates
kakasveta [241]

Answer:

$40 and $20

Explanation:

Based on the information provided within the question it can be said that in this scenario there would be two sets of standards. The first would be the international accounting standards which recognizes the midpoint of the range, which in this case is $40. While the second is the U.S standard which recognizes the low point of the range, which in this case is $20.

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Mays, Inc. had net income for 2014 of $1,060,000 and earnings per share on common stock of $5. Included in the net income was $1
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Answer:

The dividends on common stock in 2014 for Mays, Inc was:

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Explanation:

1. You must follow the formula below to find out the Dividends Paid by Mays inc,

Payout ratio = (dividends paid/net earnings for the period) x 100 then,  

Dividends paid= (Payout Ratio/100) x net earnings for the period

Dividends paid= (25%/100)x$ 1'060.000

Dividends paid=$2650

8 0
3 years ago
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