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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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A tile manufacturer has supplied the following data: Boxes of tiles produced and sold 520,000 Sales revenue $ 2,132,000 Variable
svetoff [14.1K]

Answer:

unitary contribution margin= $2.52

Explanation:

<u>First, we need to calculate the total variable cost:</u>

Total variable cost= Variable manufacturing expense + Variable selling and administrative expense

Total variable cost= 560,000 + 260,000

Total variable cost= $820,000

<u>Now, the unitary variable cost and the selling price:</u>

unitary variable cost= 820,000 / 520,000= $1.58

Selling price= 2,132,000 / 520,000= $4.1

<u>Finally, the unitary contribution margin:</u>

unitary contribution margin= selling price - unitary variable cost

unitary contribution margin= 4.1 - 1.58

unitary contribution margin= $2.52

7 0
2 years ago
Which of the following is true of compliance reporting?
Margarita [4]

Answer:

C. Compliance reports relying on XBRL are more advanced than electronic PDFs.

Explanation:

Compliance reporting is a document compiled by often by the chief compliance officer that shows how a company is complying with the set rules, standards or regulations, examples of compliance report may be financial, technical, operational, and cybersecurity reports.

Compliance report relying on XBRL are more advanced than electronic PDFs because it gives easy access to communicate between businesses, it is also reliable and reusable means of information sharing.

4 0
3 years ago
Vision Company sells optical equipment. Blitz Company manufactures special glass lenses. Vision orders 11 comma 700 lenses per​
rodikova [14]

Answer:

330 units are the economic order quantity

Explanation:

Here

Annual Demand = D = 11,700 Units

Ordering cost per purchase order = S = $44.25

Holding cost = H = $9.5

Economic order quantity = √(2SD/H)

Economic order quantity = √(2* $44.25 * 11,700 units/ $9.5 per unit per year)

Economic order quantity = 330 units

8 0
3 years ago
Read 2 more answers
Which of the following is NOT a result of good customer service?
ikadub [295]

Answer:

Employees will take less pride in their job.

Explanation:

Customer relationship management (CRM) typically involves the process of combining strategies, techniques, practices and technology so as to effectively and efficiently manage their customer data in order to improve and enhance customer satisfaction.

Simply stated, CRM is a strategic process which typically involves collecting customer information for the purpose of improving a customer's future experience.

A good customer service involves providing a timely, upbeat, and quality level of service, as well as attentive feedbacks to the customers that patronizes an organization. Thus, it ensures that the needs or wants of the customers are attended to in a matter that reflects positively on an organization.

This ultimately implies that, employees taking less pride in their job is not a result of good customer service because they are groomed to enjoy proffering solutions to the buying-selling related problems faced by a customer, especially those that are within their capacity to solve.

7 0
3 years ago
What is the present value of $1,400 per year, at a discount rate of 11 percent, if the first payment is received 9 years from no
olga nikolaevna [1]
For 9 years
$547.295

for 25 years
$103.051
5 0
3 years ago
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