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Gnoma [55]
3 years ago
6

To overcome possible problems with budgets that are developed only by top level managers, an alternative is to use: A. Mandatory

budgets B. Flexible budgets C. Participative budgets D. Authoritative budgets
Business
1 answer:
Dafna11 [192]3 years ago
8 0

Answer:

Paticipative budgets

Explanation:

A budget can be defined as a financial plan which gives an estimate of income and expenditures. A budget is a tool that is utilized by different organisations to manage their resources inorder to achieve their various objectives and goals.

A budget shows the different costs incurred by the organisation within a particular period of time.

Participative budgets is a type of budget in which the low level management of an organization are involved in the preparation of budget. It helps to prevent top managers from unruly behaviours.

Participative budget enables the top level and low level managers to share information that will lead to the growth of the organisation.

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Asset management ratios are used to measure how effectively a firm manages its assets, by relating the amount a firm has investe
gtnhenbr [62]

Answer:

Crawford Construction

1. Crawford Construction sold and replaced its inventory:

a. 4.14 x

2. With Construction Industry Inventory Turnover Ratio as 4.55x, Crawford Construction:

b. Crawford Construction is holding more inventory per dollar of sales compared to the industry average

Explanation:

a) Data and Calculations:

Quick ratio = 2.00x,

Cash = $36,225

Accounts receivable = $20,125

Inventory = x

x= $80,500 - 36,225 - 20,125 = $24,150

Total current assets = $80,500

Total current liabilities = $28,175

Annual sales = $100,000

Using annual sales instead of cost of goods sold to calculate the inventory turnover, = Turnover/Inventory = $100,000/$24,150 = 4.14x

b) Quick ratio equals (Current assets - Inventory)/Current Liabilities.  Computing the quick ratio in place of the current ratio can be used to identify how Crawford Construction can meet its current (short-term) debts without selling inventory and recovering funds from the sale.

c) The Inventory Turnover Ratio divides the cost of goods sold by the average inventory.  The Sales value can approximate the cost of goods sold.  The ratio shows the efficiency of Crawford Construction in handling its inventory.  The higher the value of the ratio, the better, showing that Crawford is more efficient when it gets a higher turnover ratio.

7 0
3 years ago
Bella Vista Company enters into a contract to build custom equipment for ABC Carpet Company. The contract specified a delivery d
geniusboy [140]

Answer:

recognized on March 31 after the delivery of the equipment

Explanation:

Revenue is recognized once the recognition criteria is met. These criteria includes;

  • the cost of the item sold can be measured reliably
  • the items has been delivered or the service has been rendered

Given that the contract specified a delivery date of March 1.

The equipment was not delivered until March 31 and as such, the revenue for the contract should be recognized on March 31 after the delivery of the equipment.

6 0
3 years ago
Another way to achieve the same goals as minimum wage and rent control (without keeping markets from reaching equilibrium levels
LekaFEV [45]
A.) personal income
 with you using your own money nothing deducts or raises money for rent or wage.
8 0
3 years ago
Read 2 more answers
How is the idea of "strategic intent" different from models of strategy that emphasize achieving a fit between the firm’s strate
Irina18 [472]

Answer & Explanation:

In terms of completion of goals, the key difference between strategic aim and SWOT is the time-frame.  

In this case, the strategic goal is future-oriented and long-term (around 10-20 years). The strategic goal is simply to make sure that the whole enterprise, in order to meet potential business demand, works on forecasting consumer demand in the future, reinforcing and enhancing its core competences.

On the other side, in implementing the corporate goals and achieving success, SWOT has a short-term outlook. In this context, SWOT focuses on current data and knowledge, such as specific expertise, current business demand and satisfying this need.

5 0
3 years ago
Windsor, Inc. decided to establish a petty cash fund to help ensure internal control over its small cash expenditures. The follo
lions [1.4K]

Answer:

Explanation:

The journal entries are shown below:

1. Petty cash A/c Dr $264.2

       To Cash A/c              $264.2

(Being petty cash fund established)

2. Freight - in expense A/c Dr $75

   Supplies expense A/c Dr $40

   Postage expense A/c Dr $48

   Loan to employees A/c Dr $32

   Miscellaneous expense A/c Dr $51

   Cash over and short A/c Dr $2.9

                                            To Cash A/c Dr $248.9         ($264.2 - $15.3)  

(Being disbursement of cash recorded)

3. Petty Cash A/c Dr $115

          To Cash A/c          $115

(Being increase in petty cash recorded)    

5 0
3 years ago
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