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Veseljchak [2.6K]
3 years ago
9

Which budgeting method takes a bottom-up approach by defining specific objectives, determining the tasks needed to achieve these

objectives and then estimating how much each task will cost?
Business
1 answer:
KATRIN_1 [288]3 years ago
6 0

Answer:

The bottom-up budgeting is a budgeting method where individual departments or business units prepare their own budgets and them send it upwards (to upper management) for approval or modifications.

The main advantage of this budgeting method is that the focus is set on each department's objectives instead of a predetermined amount set by upper management.

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Do It! Review 1-3 Classify the following items as issuance of stock, dividends, revenues, or expenses. Then indicate whether eac
Sphinxa [80]

Answer:

1. Dividends = Dividends, it decreases stockholder's equity.

2. Rent Revenue = Revenue, it increases stockholder's equity

3. Advertising Expense = Expense, it decreases stockholder's equity

4. Stockholder's pay cash into business = Issuance of stock, increases stockholder's equity.

Explanation:

Notes to above:

1. Dividends are paid from current year income or from retained earnings, as both current year earnings and retained earnings are clubbed into equity thus, with payment of dividend, equity is decreased.

2. Rent revenue is a part of income and income is part of equity as with increase in income there is increase in equity also.

3. Advertising expense will decrease the income and with decrease in income there will be decrease in equity.

4. Stockholder's pay cash into business as for issuance of stock and with issue of stock equity will increase.

7 0
3 years ago
Nancy and Tonya exchanged assets. Nancy gave Tonya her personal residence with an adjusted basis of $280,000 and a fair market v
azamat

Answer:

Realized gain  $110,000

Recognized gain  $110,000

Explanation:

The computation of the Tonya's realized and recognized gain is shown below:

Amount realized by Tonya (fair market value)  $560,000

Less; Amount given by Tonya

Yacht: adjusted basis  ($250000)

Assumption of Nancy's mortgage  ($200000)

Realized gain  $110,000

Recognized gain  $110,000

7 0
2 years ago
What would cause the prices to drop
Ganezh [65]
Things that would cause prices to drop would be the quantity if there is more of that thing the price drops or the value of that thing just drops.
3 0
3 years ago
3 uses of money supply
zalisa [80]

Answer:

Money serves as a medium of exchange, as a store of value, and as a unit of account.

7 0
3 years ago
What is the critical issues confronting WCC North America and what changes, if any, should be initiated to address the critical
irakobra [83]

Answer and Explanation:

What is the critical issues confronting WCC North America?

WCC North America faces a supply chain management issue whereby there are lapses in integrating divisions within the organization resulting in complications with determining order status of customers.

What changes, if any, should be initiated to address the critical issues?

The text "Supply Chain Logistics Management, by Donald J. Bowersox, David J. Closs, M. Bixby Cooper, John C. Bowersox, 2013" mentions the need to address the critical issue of WCC North America by setting up a system that populates data of customer order status,recognizing them as high volume key accounts, in order to keep order response efficient and effective.

7 0
2 years ago
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