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stepladder [879]
3 years ago
10

LO 7.1Which of the following is true in a bottom-up budgeting approach?

Business
1 answer:
Sedbober [7]3 years ago
6 0

Answer:

The correct answer is letter "D": Departments determine their needs and relate them to the overall goals.

Explanation:

The bottom-up budgeting approach consists in giving each department within a firm the power of setting and controlling their budget according to the projects the department intends to develop that matches with the ultimate goal of the organization as a whole. It might be beneficial because each department is likely to come up with a budget that adjusts better to their needs but it could represent a headache for the company when it comes to racking each expense for each area.

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Likurg_2 [28]

Answer:

Net operating cash flow= $9,300

Explanation:

Giving the following information:

Sales $22,000

Depreciation $8,000

Other operating costs $12,000

Tax rate 35%

We need to determine the net operating cash flow:

Sales= 22,000

Other operating costs= (12,000)

Depreciation= (8,000)

EBIT= 2,000

Tax= (2,000*0.35)=  (700)

Depreciation= 8,000

Net operating cash flow= 9,300

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3 years ago
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Alexxx [7]

Answer:

Usually right between 100,000 and 600,000.

5 0
2 years ago
How do i get my grade higher.60-80 and 70-80
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8 0
2 years ago
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On January 1, 2011, The Miller Corporation purchased 300,000 shares of The Mayfair Corporation for $5.7 million. The investment
kow [346]

Answer:

2011 Value of investment in Mayfair

= Beginning investment value + Portion of Mayfair net income - Portion of Mayfair dividends

= 5,700,000 + (40% * 2,250,000) - (300,000 shares * 0.15)

= $‭6,555,000‬

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7 0
2 years ago
"A customer buys a Brokered CD for $100,000. Upon receipt of his next account statement, the customer sees that the market value
Dmitry_Shevchenko [17]

Answer:

market rates have increased

Explanation:

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