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ANSWER BRIEFLY:
1. Explain how budgets facilitate planning and coordination.
2. Anticipate possible human relations problems caused by budgets
3. Explain potentially dysfunctional incentives in the budget process.
4. Explain the difficulties of sales forecasting.
5. Explain the major features and advantages of a master budget.
6. What are the steps in preparing a master budget?
7. How do you prepare the operating budget and the supporting schedules?
8. How do you prepare the financial budget?
what is the likely effect on Gap's expenses in the next 5 years? In your opinion, what would be the impact on its stock price in the immediate future? After 10 years?
Listed below are four potential changes that may impact the US tire industry. For each, state whether it will make the industry more or less attractive, and why
Discuss the Sales Returns & Allowance Accounts. Where does this account fit under the accounting equation? What is the normal balance (debit or credit). How can this be useful for financial analysis?
List and explain three different major strengths of the Discounted Free Cash Flows methods of Stock Valuation compared to the Comparables methods of stock Valua
Deidre's gross salary is $75,000 and deductions at source reduce her paycheck by 30%. Her savings ratio is 5%. What are her annual expenses?
What is the cost of internal common equity(retained earnings) if the long term growth in dividends is projected to be 4% indefintiely?
Show time lines illustrating each transaction. How would Cotton Bolls hedge these transactions with $/shekel and $/S$ futures contracts?
which statement regarding dividends is false?a. dividends represent a sharing of corporate profits with owners.b. both
You have decided to sell Creative Crafts for $4,000 and to use the proceeds to buy $4,000 of International Steel stock with a beta of 2.5.
The probability of winning a $ 50 prize is 40%, and the probability of winning a prize of $ 100 is 60%. What is the expected value of a prize in the game?
Working capital is one of the main differences between profit and cash flow. Why is cash tied up in the production cycle, and why is it not reflected in profits
On December 31, 2014, Stanley, Inc. had 600,000 shares of common stock issued and outstanding. Stanley issued a 10 percent stock dividend on July 1, 2015. On October 1, 2015, Stanley reacquired 48,000 shares of its common stock and recorded the pu..
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