In a bottom-up approach, managers should have a high level of controllability and a high level of involvement in budget setting.
<h3>What is a bottom-up budget approach?</h3>
- Bottom-up budgeting is a method of creating budgets that begins at the departmental level and works its way up.
- Each department within the organization must create a list of the supplies it requires, the projects it intends to complete throughout the upcoming fiscal year, and cost projections.
<h3>What is top-down and bottom-up budgeting?</h3>
- Departments must create budgets in top-down planning while adhering to the limitations imposed by senior leadership.
- Departments produce their own budget estimates and submit them to top leadership in a bottom-up budget.
- The two strategies are the two types of budgeting that are most frequently used.
<h3>What is bottom-up approach in accounting?</h3>
- Bottom-up forecasting is a technique for predicting an organization's future performance by beginning with basic company information and moving "up" to revenue.
- This strategy begins with thorough customer or product data before expanding to revenue.
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Answer:
Of course Jo-Anne Roberts can keep the apartment.
Explanation:
Jo-Anne and the previous owner of the apartment had a valid contract by which Jo-Anne was to pay $3.7 million for the apartment. She has already partially completed her performance on the contract, so the seller must perform his part of the contract.
Answer:
The total cost to be accounted for under the weighted-average method is $166,000
Explanation:
Okamura Corporation Partial Manufacturing Account
Particulars Amount
Cost of ending work in process inventory $18,000
Add: Cost of units transferred out <u>$148,000</u>
Total cost accounted for <u>$166,000</u>
The total cost to be accounted for under the weighted-average method is $166,000
Answer:
$1,000
Explanation:
Given that,
Number of shares purchased = 200 shares
Purchased cost per share = $20
Selling price for the same number shares = $25
Capital gain on the total transaction:
= Sales revenue - Total cost
= (Number of shares sold × Selling price per share) - (Number of shares purchased × Cost per share)
= (200 shares × $25) - (200 shares × $20)
= $5,000 - $4,000
= $1,000
Therefore, the capital gain of the Rashad on the total transaction is $1,000.
Answer: Option (E)
Explanation:
From the following given case or scenario, we can state that the development occurring in this particular case reflects that this group is still at the stage of transition, under which they are still following or are underway the halfway level or mark in the given timeline, which is given beforehand the project is started.
