What is the top-down method of budgeting?
What will be an ideal response?
Top-down budgeting begins with an estimate from top management of the pay increase budget for the entire organization. Once the total budget is determined, it is then allocated to each manager, who plans how to distribute it among subordinates. There are many approaches to top-down budgeting. A typical one, planned pay-level rise, is simply the percentage increase in average pay for the unit that is planned to occur. Several factors influence the decision on how much to increase the average pay level for the next period: how much the average level was increased this period, ability to pay, competitive market pressures, turnover effects, and cost of living.
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Independent off-price retailers purchase merchandise at rates that are substantially higher than regular wholesale rates
Indicate whether the statement is true or false
A homeowner has a contract with a firewood supplier to bring a rick of hardwood at the beginning of each month from October through March. If the supplier has brought a mixture of hard and soft woods for the first three deliveries, the homeowner cannot reject a delivery in January just because it includes some soft wood
a. True b. False Indicate whether the statement is true or false
The inventory records for Radford Co. reflected the following: Beginning inventory @ May 11100 units @ $3.80First purchase @ May 71200 units @ $4.00Second purchase @ May 171400 units @ $4.10Third purchase @ May 231000 units @ $4.20Sales @ May 313600 units @ $5.70What is the amount of ending inventory assuming the FIFO cost flow method?
A. $4040 B. $4180 C. $4620 D. $4400
At the ________ level of moral development, ethical decisions rely on maintaining expected standards and living up to the expectations of others.
A. principled B. conventional C. conscientious D. preconventional