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2 years ago

LO 7.1What are the advantages and disadvantages of the bottom-up budgeting approach?

Business

1 answer:

geniusboy [140]2 years ago

4 0

Answer:

The following are the disadvantages and the advantages of bottom-up budgeting approach are as follows:

<u> Advantages of bottom-up budgeting approach:</u>

The bottom-up budgeting approach helps in making the decisions very quickly as compared to all other budgeting methods.
The main benefit of the bottom-up budgeting approach is that it helps in aligned the project goals in an organization by giving the specific direction.
It helps in understand the resources, needs, expenses and the cost of each department in an organization.

<u> Disadvantages of bottom-up budgeting approach:</u>

The bottom-up budgeting approach is complex as it sometimes cause misrepresent the budget figures in the given data.
In this budgeting method there is also a lack of context and also expertise.

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The dollar is said to appreciate against the euro if the exchange rate falls. choose one:

alexgriva [62]

For equipment purchased from the United States, European businesses will pay less in euros.

<h3>What would happen if the US dollar increased in value relative to the euro?</h3>

The dollar now "buys" more euros if the exchange rate between the two currencies rises to $1 for 0.94€. As a result, purchasing European items is now more affordable. As U.S.-made goods are now more expensive, U.S. exports would decrease while imports from nations that use the euro would increase.

<h3>What causes the value of the US dollar to rise?</h3>

An increase in the value of one currency in comparison to another is known as currency appreciation. For a variety of factors, including governmental policies, interest rates, trade balances, and business cycles, currencies appreciate against one another.

learn more about dollar is said to appreciate against the euro here brainly.com/question/13825174

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1 year ago

Identify which of the following items would be reported in the income statement. a. Cash d. Wage expense g. Net income b. Sales

Inessa05 [86]

Answer:

Items b, d, g, h, and i

Explanation:

The following items from the given question would be recorded in the income statement;

b. sales

d. wage expenses

g. net income

h. inventory

i. cost of goods

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3 years ago

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KatRina [158]

I think it’s C

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2 years ago

Which of the following assists companies in raising capital, advise firms on major transactions such as mergers or financial res

o-na [289]

Answer:

Investment banks.

Explanation:

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3 years ago

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iragen [17]

Answer:

True

Explanation:

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Some people indeed go to work to be with others. They find identity and comfort in the workplace. To them, work is not about making money, but working is a way of life. A workplace provides social and emotional support to such people, which is important to them more than monetary compensation.

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2 years ago